BOOKMARK
  • Korean|
  • Chinese|
  • Japanese|
  • Vietnamese
본문내용 바로가기

Aju Business Daily

SEARCH
World's top technology exhibition CES 2021
  • ECONOMY
  • ENTERTAINMENT
  • IT
  • South Korea
  • North Korea
  • WORLD
  • SPORTS
  • LIFESTYLE
  • AUTO MOTIVE
  • OPINION
  • PEOPLE
  • MILITARY
Home > Business > article

Kolmar Korea completes construction of second cosmetic plant in China

Lim Chang-won Reporter(cwlim34@ajunews.com) | Posted : October 16, 2018, 14:25 | Updated : October 16, 2018, 14:25
  • 트위터
  • 페이스북
  • 웨이보

[Courtesy of Kolmar Korea]


​SEOUL -- Kolmar Korea, a beauty and pharmaceutical company, has completed the construction of its second plant in China to provide products tailored for customers in the world's second-largest economy.

The new plant in Wuxi in the southeastern Jiangsu Province is the largest cosmetics factory in China, Kolmar Korea said, adding that its combined annual production capacity in China would rise to 500 million units. The original development manufacturing (ODM) company has a factory in Beijing.

Helped by Hallyu (Korean cultural wave), South Korean cosmetics products have gained popularity in China. Chinese cosmetics brands have expanded their partnerships with South Korean ODMs, which design and manufactures products, as specified, that are eventually rebranded by another firm for sale.

The Chinese cosmetics market is growing fast, but Han Sang-geun, head of Kolmar Korea's skin care R&D center, has warned of price competition in China, saying South Korean cosmetics companies should actively develop other markets.

"We must continue to pursue the Chinese market, but we must also continue our efforts to move beyond China. K-Beauty should enhance its characteristic -- originality and convenience -- and cultivate its technological power to sell in other markets," Han said in a column published in June.

 

  • Lim Chang-won Reporter
  • email : cwlim34@ajunews.com
© Aju Business Daily & www.ajunews.com Copyright: All materials on this site may not be reproduced, distributed, transmitted, displayed, published or broadcast without the authorization from the Aju News Corporation.
  • twitter
  • facebook
  • weibo
  • link copy
  • LIST
  • TOP

Related news

  • .HK inno.N uses 3D printed skin to test efficacy of new drug candidates.
    HK inno.N uses 3D printed skin to test efficacy of new drug …
  • .SM C&C to release products created by K-pop celebrities thru Navers online marketplace.
    SM C&C to release products created by K-pop celebrities thru…
  • .​S. Korean cosmetics maker develops paper packaging for beauty products.
    ​S. Korean cosmetics maker develops paper packaging for beau…
  • .Cosmetics maker Aekyung opens online flagship store in Chinas Tmall.
    Cosmetics maker Aekyung opens online flagship store in China…
  • .Excavated traditional makeup products reproduced as new brand.
    Excavated traditional makeup products reproduced as new bran…

Real Time Photo News

  • .Singer IU drops teaser image for upcoming full album.

    Singer IU drops teaser image for upcoming full album

  • .Cube Entertainment partners with web comics company to create online video content.

    Cube Entertainment partners with web comics company to create online video content

  • .Sci-fi film starring Song Joong-ki to be reelased on Netflix in February.

    Sci-fi film starring Song Joong-ki to be reelased on Netflix in February

  • .Actor Kim Soo-hyun to star in S. Korean remake of British TV drama series Criminal Justice.

    Actor Kim Soo-hyun to star in S. Korean remake of British TV drama series 'Criminal Justice'

  • .CJ ENM partners with NCSoft to roll out new digital content for global market.

    CJ ENM partners with NCSoft to roll out new digital content for global market

Latest News

more+

  • Singer IU drops teaser image for upcoming full album
  • Hyundai to complete construction of fuel cell production plant in China in 2022
  • Seoul builds solar power plant on idle land near urban expressway
  • Samsung showcases new Galaxy S21 smartphone models
  • Southern city launches joint research project to develop heavy-duty flying taxi drone
Aju Business Daily
  • ABOUT US
  • CONTACT US
  • PRIVACY STATEMENT
  • Copyright Policy

Address : Aju News Corporation LEEMA Building, 11th floor, 42, Jong-ro 1-gil, Jongno-gu, Seoul.    Mail : swatchsjp@ajunews.com

Copyright ⓒ 2016 By Ajunews Corporation, All Rights Reserved.

Mobile view