Kol­mar Korea ex­pands into beauty, health­care via M&As

The Korea Times - - BUSINESS - By Kwak Yeon-soo [email protected]­re­atimes.co.kr

Korea has been ex­pand­ing its pres­ence in the beauty and health­care in­dus­tries by ac­quir­ing a sheet mask plant and other com­pa­nies to com­pete with Cos­max and other ri­vals. Kol­mask, a sheet mask man­u­fac­tur­ing unit of Kol­mar Korea, took over Jayjun Cos­met­ics’ In­cheon plant in July with an aim to stretch its busi­ness abroad.

The In­cheon plant is sized at 6,612 square me­ters of land and has a to­tal floor area of 14,231 square me­ters. It is ca­pa­ble of pro­duc­ing 250 mil­lion sheet masks per year.

With the lat­est ac­qui­si­tion, Kol­mask will be able to achieve sta­ble sales by pro­duc­ing sup­plies that were man­u­fac­tured pre­vi­ously by Jayjun Cos­met­ics.

“Our an­nual pro­duc­tion ca­pac­ity will likely reach 400 mil­lion sheet masks. The com­pany will con­tinue to ex­pand its orig­i­nal devel­op­ment man­u­fac­tur­ing (ODM) busi­ness” a Kol­mar Korea of­fi­cial said.

Kol­mar Korea’s ODM net­work pro­vides a com­pre­hen­sive ser­vice from mar­ket re­search and trend anal­y­sis to prod­uct plan­ning, devel­op­ment, man­u­fac­tur­ing, man­age­ment and ship­ment.

In ad­di­tion, the com­pany has been work­ing to at­tract Chi­nese cus­tomers through Jayjun Cos­met­ics’ dis­tri­bu­tion chan­nels in China.

“Kol­mask aims to make a smooth en­try into China, South­east Asia and North Amer­ica and grow into top global sheet mask man­u­fac­turer within the next five years,” the of­fi­cial said.

Mean­while, Kol­mar Korea is also ratch­et­ing up ef­forts to cre­ate syn­ergy be­tween the cos­met­ics and bio­phar­ma­ceu­ti­cal sec­tors.

It took over a 57 per­cent stake re­cently in TKM, a bio­phar­ma­ceu­ti­cal sub­sidiary of TS Cor­po­ra­tion. It will ex­er­cise man­age­ment con­trol as the largest share­holder.

TKM started as a bio­phar­ma­ceu­ti­cal busi­ness unit of TS Cor­po­ra­tion in 2002 but be­came a sep­a­rate com­pany in March this year.

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