2015 was a strong year for the Toly Group, with growth of nearly 22% when compared to 2014. The Group achieved sales of €66.6 million. All divisions showed good growth and with a clear strategy, Toly is starting to unlock its potential to achieve its ambitious growth plans.
Across the Group, there was continued investment.
In Korea, a new factory was built - Toly Korea Manufacturing, to bring more trading business in house and improve both our systems and quality controls.
This new plant is impressive and fully integrated with injection moulding, decoration, assembly, inside coating, lacquering and metallising.
It strongly complements our joint venture factory Toly Airless Packaging (TAP) which is focussed upon high end, innovative airless packs for skincare and liquid foundation applications.
In China, Toly celebrated its 10th Anniversary with an event in November where the management show cased the company’s evolution since its inception.
In 2005, Toly China opened with 5 moulding machines, 2 assembly lines and just 2 floors of the building. Building a European style factory, this operation now occupies all 5 floors of the building with 2 floors of air-conditioned assembly lines and 26 moulding machines.
In line production and simple automation makes Toly China competitive and to further vertically integrate, in 2015 a brand new metallising chamber and 2 coating lines were commissioned on the 5th floor of the building. Despite being 10 years old, Toly China is a modern, clean factory with ISO 9001 certification since 2007.
In Malta, there was continued investment to increase capacity in metallising as well as the introduction of new automated lines.
Toly has 3 pillars to its strategy: Manufacturing, Sourcing, Partnerships.
Manufacturing remains at the heart of its strategy but at the same time, the group can offer a diversified product portfolio through its sourcing offices in Korea and Hong Kong, as well as its strong partnerships. This is clearly demonstrated in the many new customer launches it has undertaken in 2015.
Our new Innovation Centre in Malta (which opened late 2014) has been a magnet for customers to visit Malta and share the company’s passion for packaging.
After all visits, comments are positive highlighting the Group’s family spirit, creative competence and the fact that the company really lives its core values:
As a group, we are optimistic about 2016. The change in the Euro / Dollar exchange rate has influenced customers to re-shore manufacturing back to Europe and with our plant in Malta, the company is well positioned to take advantage of this move.
Toly Malta is celebrating 45 years of successful operations in 2016 and in line with this, has strong technical expertise as well as long serving employees.
I would like to take this opportunity to thank all customers for their confidence in Toly and also thank all stakeholders for their ongoing support.
I am proud of the strong team that we have developed across the Toly world which has contributed to our success.
As a company we offer the advantages of a large Group whilst maintaining the entrepreneurial spirit of the smaller, private, independent company.
#Makeapositiveimpact the Toly Way
The COVID-19 pandemic has disrupted the global economies and affected many businesses. Our core purpose remains to make a positive impact on everyone who touches Toly. In line with that, we would like to thank all employees, customers, and stakeholders for their ongoing support.
Toly pivots its resources together with other Maltese companies to create mechanical breathing device to support local health authorities during the Covid 19 crisis
The recent COVID-19 pandemic has put a strain on the medical and healthcare facilities as well as global economy. It has also highlighted the need for more investment and thought being put into simple medical devices which are specifically design for rapid manufacturing and deployment.
Toly Group Visit Deputy Prime Minister
June 2019 will see Toly Group opening a new manufacturing factory in Malta, with an investment of €20 million. Toly has been manufacturing make-up packaging in Malta since 1971, being the first to launch operations from the Bulebel Industrial Zone. The company employs over 1000 employees worldwide, of which 350 work from Malta.
Toly Launches Fresh New Website
With a fresh look and feel, the new site offers the user the opportunity to navigate through Toly’s extensive products and service offering with ease. Allowing the visitor the ability to appreciate not only Toly’s history but also providing more insight on CSR and awards which resonates with the brand’s motto: passionate about packaging.
Toly signs exclusive partnership with Hung Hing for beauty
With its heritage in plastic packaging, over the past few years Toly has broadened its product offering to include luxury paper packaging. In 2012, Toly formed Toly Deluxe and partnered with Hung Hing Offset Printing to offer its customers luxury rigid paper over board packaging.
Toly Korea Manufacturing officially opens its brand new factory
Earlier this year, Toly's latest manufacturing plant was officially opened - Toly Korea Manufacturing (TKM), in Bucheon City, Seoul. Toly's history in Korea goes back nearly 15 years and today represents over one third of the Group's revenue.
- Elias Bittan
- Company News
- Created 07 Mar 2016
- Modified 13 Sep 2018
- Hits 2362