South Korean cosmetic company to develop in Wuxi

Yoon Donghan, chairman of Korea Kolmar Company, led a delegation to visit Wuxi from South Korea on Dec 27 and met Wuxi mayor Wang Quan. [Photo/WeChat xinwu_wx]

The chairman of Korea Kolmar Company, Yoon Donghan, led a delegation to Wuxi from South Korea on Dec 27. Wuxi mayor Wang Quan met with the delegation.

Korea Kolmar Company is a well-known producer of cosmetics with brand recognition and proven capability of technological innovation.

Wang welcomed the delegation and said, "Wuxi focuses on the development of the real economy and industrial transformation and encourages innovation and product research."

"Cooperation between Wuxi and Korea Kolmar Company is designed to promote the development of industrial transformation and upgrading in Wuxi. Wuxi will, as always, support the construction of the Kolmar’s factories and projects. We hope more high-quality products will better meet the market demand," Wang added.

The Wuxi government will deepen cooperation with Korea Kolmar Company so the company and city can develop together. [Photo/WeChat xinwu_wx]

Yin agreed with Wang and said that Korea Kolmar Company has decided to cooperate with Jiangnan University in Wuxi to promote exchanges and cooperation in science and technology research and talent training.

Korea Kolmar Company signed to set up in Wuxi Hi-tech Zone last year with an investment of $90 million. The project is supposed to begin operations in June, at which time it will be the world's biggest single cosmetic manufacturing plant.