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Tag: Cosmax

  • Cosmax opens factory in Thailand to tap market in Asean

    Cosmax opens factory in Thailand to tap market in Asean

    Cosmax’s manufacturing facilities in Thailand recently started up, the company said Monday, with the goal of tapping into Asean’s largest beauty market.

    An original design manufacturer for big-name beauty brands worldwide, the company announced that the 9,000-square-meter (836-square-foot) facility in Bangplee, Thailand, started running on Wednesday.

    With 150 employees, the facility has the capacity to produce 30 million units of skin care and cosmetics products per year.

    Cosmax set up an office in Thailand last year to tap into the beauty market of it and other neighboring countries in the Asean region.

    “Thailand has the biggest beauty market among Asean countries-it’s also an influential market that leads trends in the region,” said a Cosmax spokeswoman.

    Thailand is a rising target for global beauty brands. Johnson & Johnson, P&G and Unilever manufacture there. The research firm Euromonitor estimated the country’s beauty market at 5.6 billion won ($5.01 million) in 2016 and a Kotra report predicted it to reach 7.2 billion won in size by 2021.

    “Thailand has big market potential: It’s at the center of the hallyu wave and has a high level of interest in Korean cosmetics,” said Lee Geon-il, head of Cosmax’s Thailand corporation.

    “There’s also a wide perception that Korean beauty brands have good quality.”

    The spokeswoman added the company hopes to sign more deals with beauty companies in Thailand and other nearby countries.

    The Thai factory completes a two-track plan that Cosmax has for tackling the Asean beauty market. It already has one factory in Indonesia that manufactures halal-certified products.

    Combined, the two facilities will be able to make products for both Muslim and Buddhist populations in the Asean region.

    Cosmax now has six overseas factories in total, including the United States and China.

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  • South Korea’s Cosmax beauty products granted halal certification

    South Korea’s Cosmax beauty products granted halal certification

    South Korea’s original development manufacturing (ODM) cosmetics company Cosmax Inc. said its Indonesian subsidiary PT Cosmax Indonesia was granted halal certification, a move that is expected to help pave the way for the company to make forays into the global halal beauty product market.

    The company said on Tuesday that PT Cosmax Indonesia received the halal certification from Majelis Ulama Indonesia (MUI) to sell its cosmetics. MUI is one of the top three halal certification authorities in the world along with Jabatan Kemajuan Islam Malaysia (JAKIM) and Majlis Ugama Islam Singapura (MUIS), and it is acknowledged across about 40 different countries.

    The Korean beauty products maker PT Cosmax Indonesia succeeded in meeting the strict guides of halal certification by producing cosmetics in hygienic conditions and containing zero harmful ingredients, and it became the first halal certified ODM cosmetics company among all Korean ODM beauty brands. The company expects to secure Islamic female consumers who have difficulties using general beauty products as its stable customer base.

    “PT Cosmax Indonesia, with its international halal certification, will do its best as an export base for the company making inroads into global halal market to meet consumer demands on halal products in the world including South East Asia and Middle East,” said Lee Kun-il, head of PT Cosmax Indonesia.

    Halal, an Arabic word meaning “lawful or permissible” in Islam, refers to products that Muslims are allowed to eat and use, and it is applied to various sectors ranging from food, medications and household goods to cosmetics. The halal cosmetics market is estimated at 100 trillion won ($84.2 billion), and it is expected to grow even bigger as more consumers are looking for products conforming to Islamic laws regardless of cost, said an unnamed official at Cosmax.