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Chilean Beauty Grows
By: Cristina Kroll
Posted: August 31, 2010, from the September 2010 issue of GCI Magazine.
The Chilean beauty market grew 9.5% in the first quarter of 2010, and it’s projected that the second semester will also be positive—with the annual growth expected to be 8–9%. Álvaro Marquez, vice president of the Cosmetic Industry Chamber of Chile, told GCI magazine that to reach this sales growth: “The industry [must exert] some control over cosmetic products and regulations to [eliminate] contraband and knockoff products that invade the country every day.” In 2009, government health authorities, who are no longer in office, tried to modify the current cosmetics regulation, but have, thus far, only been successful with sun protection labeling, baby products, hyperallergen products and dental pastes with fluoride.
The new regime will be faced with a large number of commercial obstacles, in terms of imports, exports and the innumerable barriers due to the large number of global free trade agreements that Chile has signed, according to the source.
Topline Opens Manufacturing in Mexico
Topline Products, a packaging supplier and filler, announced the establishment of a manufacturing facility in Reynosa, Mexico. The New Jersey-based firm currently has five manufacturing facilities in China and aims to increase its global presence through the opening of its first North American plant.
Headed by Brian Rayner, the 26,000 square-foot facility will initially run filling operations for fragrance and nail enamel products, as well as the assembling of cosmetics gift sets. According to Topline’s president Charles Chang, the factory will benefit customers by reducing their working capital costs and supply chain lead time. “The new plant adds value to our services by enhancing customer productivity and inventory management operations,” he said.
Godrej Consumer Products to Buy Argentine Issue Group
India’s Godrej Consumer Products (GCPL) acquired Argentina-based Issue Group for an undisclosed amount. The Indian company now owns 100% of the Issue Group—which includes Cuenca Laboratories, Consell, Issue Uruguay and Issue Brazil, and holds a leading position in the Argentine hair-color sector with a market share in excess of 20% and revenues of more than $33 million in 2009. The acquisition is part of GCPL’s plan to have a presence in three continents—Asia, Africa and Latin America, states a GCPL representative.