Kolmar Korea is boosting its North American cosmetics manufacturing capabilities by announcing plans to build a second U.S. plant in early 2025.
That new site is in addition to the recently opened Kolmar Innovation Center in New Jersey.
Kolmar Korea Names North America Team
From left: From left: Yongchul Hur (CEO of Kolmar Laboratories and Kolmar USA), Philippe Warnery (GCCO) and George Rivera(CSO).Kolmar Korea
Simultaneously, Kolmar Korea has named global chief commercial officer, Philippe Warnery (formerly of Intercos and Estee Lauder).
Moving forward, Kolmar Korea will be creating an R&D team for North America.
George Rivera (formerly of L'Oreal USA and Intercos) will serve as chief science officer of the North American subsidiary, while managing director Inki Park will act as the head of the R&D Center for North America, responsible for bridging the Korean and North American markets.
Park will focus on adapting core technologies developed at the Kolmar R&D Complex, the Kolmar Group's global R&D hub located in South Korea, to the local market.
Growth Ahead for Kolmar Korea: Americas & Europe
The announcements come amid the companies expanded push in the North American beauty market, which is projected to generate a revenue of $118.50 billion in 2024.
The company is also building a sales network to support growth in Central and South America.
Kolmar Korea reportedly aims to achieve $100 million in sales in the next five years.
Beyond these regional markets, the company will court indie K-beauty brands to bring Korean players to the U.S. market through channels such as Amazon.
In addition, the company plans to grow its reach in Europe, per an official announcement.
