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Home > News > Cosmetics Industry News > Evonik and Kolmar Wuxi join forces to promote innovation in raw material and formulation research

Evonik and Kolmar Wuxi join forces to promote innovation in raw material and formulation research

ECHEMI 2024-10-22

Evonik and Kolmar Cosmetics (Wuxi) Co., Ltd. (Kolmar Wuxi) officially signed a strategic cooperation agreement in Wuxi, China.

 

The cooperation aims to promote raw material innovation, including sustainable ingredients, sun protection, color cosmetics solutions and high-efficiency active ingredients, as well as novel formulation research and regular market information exchange.

 

With the government's commitment to carbon neutrality and the industry's continued progress, the Chinese cosmetics market is developing rapidly. Consumers are increasingly seeking personalized, effective products with strong sustainability. Evonik and Kolmar Wuxi share a common vision to create high-performance and sustainable solutions to meet this development momentum, and will leverage each other's global and local expertise in specialty chemicals and cosmetics R&D and production to jointly inspire and support the upgrading of China's beauty industry.

 

Alix Chen, General Manager of Care Solutions Business Line, Greater China, Evonik, said: "We are pleased to deepen our cooperation with Kolmar, which not only strengthens our business but also highlights our commitment to customer-centric innovation. With a more localized organizational structure, we can respond more quickly and accurately to market needs in the region."

 

Kolmar Wuxi President Kim Jungho said: "In the highly competitive cosmetics market, high-quality raw materials are the key to growth. Kolmar Wuxi is honored to work with a leading raw material supplier like Evonik. This cooperation is expected to improve the value chain, create new opportunities, and inspire the development and application of sustainable raw materials. Our goal is to jointly promote the transformation and progress of the industry."

 

Kolmar Wuxi is a subsidiary of Kolmar Korea, one of the largest ODM/OBM cosmetics manufacturers in South Korea, with a long corporate history, strong R&D capabilities and rich production experience. The company is actively expanding the Chinese cosmetics market and has successfully supported the growth and development of many local beauty brands.

 

Evonik's Care Solutions Business Line is committed to becoming the industry's preferred sustainable professional partner, providing a strong product portfolio that enables customers to meet the demand for sustainable, science-based beauty and personal care products. The business line also plays a key role in driving the transformation of Evonik's Life Science division Nutrition & Care towards system solutions. These diverse products, technologies and services are tailored to the unique and specific needs of customers and often have proven sustainability benefits.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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