The German Evonik Group and Kolmar Cosmetics (Wuxi), have signed a strategic partnership agreement in Wuxi, China. This collaboration aims to stimulate innovation in the field of raw materials, including sustainable ingredients, sun care, color cosmetic solutions and active ingredients, as well as research into new formulations and the regular exchange of market information.
Sharing a common vision of creating high-performance, sustainable solutions, Evonik and Kolmar Wuxi will leverage their mutual global and local expertise in specialty chemicals, as well as in cosmetics R&D and production, to inspire and support the modernization of China's beauty industry.
"We are delighted with this in-depth collaboration with Kolmar, which not only strengthens our business but also underlines our commitment to customer-centric innovation, explains Alix Chen, General Manager of Evonik's Care Solutions division in the Greater China region. With a more local organizational structure, we can respond more quickly and accurately to market demands in the region."
"High-quality ingredients are essential for growth in the highly competitive cosmetics market. Kolmar Wuxi is honored to collaborate with a leading ingredient supplier like Evonik. This partnership is poised to enhance the value chain, create new opportunities and inspire the development and application of sustainable ingredients. Together, we aim to drive the transformation and advancement of the industry."said Kim Jungho, President of Kolmar Wuxi.
Kolmar Wuxi, a subsidiary of Kolmar Korea, one of Korea's leading ODM/OBM cosmetics manufacturers, boasts a rich corporate history, strong R&D capabilities and extensive production experience. The company is actively developing in the Chinese cosmetics market and has successfully supported the growth and development of many local beauty brands.
Evonik's Care Solutions division aims to become the industry's preferred partner for sustainable specialties, with a portfolio that enables its customers to meet the demand for sustainable, scientifically-supported beauty and personal care products. This business area also plays a key role in the transformation of Evonik's Life Sciences division, Nutrition & Care.
Photo : © Evonik Industries AG
