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Thursday, January 14, 2016
Mary Kay announces new $100M manufacturing facility to be built in Lewisville
Mary Kay's manufacturing and research and development operations are currently housed in the company's Addison headquarters.
After announcing plans in October to build a new research and development and manufacturing facility, Mary Kay Inc. has pinpointed a site for a new $100 million building.
Following an internal evaluation of several sites, the direct-selling cosmetics company said it has identified a plot of land in Lewisville. It declined to say exactly where, pending the closing of the property purchase. It also has not decided how large the facility will be.
Mary Kay said it looked at several locations across North Texas, deciding on Lewisville due to employee and logistical considerations like employee drive time, public transportation and proximity to major roadways, the company told the Dallas Business Journal. Proximity to the company’s other facilities, including its headquarters on Regal Row in Addison, also impacted the decision.
Established in 1969, Mary Kay’s manufacturing and R&D operations employ around 600 workers at the Regal Row headquarters. Encompassing 420,000 square feet, those operations produce up to 1.1 million units of product each day, 57 percent of which are exported to international markets.
According to Dallas Business Journal research, Mary Kay reported $4 billion in annual revenue last year. The Addison-based company employs approximately 5,400 workers overall.
“As we approach the status of a top five beauty brand globally and following several years of double digit growth, the new facility will support our company’s future needs,” Mary Kay President and CEO David Holl said in a news release.
“Today, approximately 75 percent of our business is overseas and yet more than 50 percent of Mary Kay products produced at our current manufacturing facility are exported to our international markets. So, it’s essential that we continue to have state-of-the-art manufacturing and R&D facilities to produce the best-in-the-industry products to our independent sales force and ultimately to our Mary Kay brand lovers around the world.”
Construction of the new facility is set to begin in July and be completed in the first quarter of 2018. All 600 manufacturing and R&D employees will be relocated at that time. The company said it does not anticipate hiring additional employees, at least for now, but the new facility will allow Mary Kay to develop new products, which may require more staff.