Yonwoo enters the stock exchange and invests heavily in tubes

Jean-Yves Bourgeois

4 October 2015

It’s official! The Korean company, Yonwoo, will make its debut on the Seoul Stock Exchange by the end of this year. A move aimed at strengthening the Group’s financial structure and continue a forward march started in 1983 under the leadership of its current owner and CEO, M. Joong Hyun Ki. Yonwoo currently employs 1,300 people and will generate this year a global turnover of 190 million US dollars.

In thirty years, Yonwoo has become the world number one producer of piston airless packaging. It was in 1995 that the company marketed its first airless packaging with a piston on the Korean market. It currently owns 55% of the Korean market for airless containers and stands as one of the leading players in the global market with a production capacity of more than 240 million units per year.

**Daniel Cha, Sales and Marketing Director, Yonwoo**

Main assets of the Korean company, a maximum integration, from moulds designing, including injection, stamping of metal parts, all the finishing techniques (coating, plating, anodizing, hot stamping, screen printing etc.), and, of course, assembly.

In recent years, several new buildings have seen the light within the main production plant in Incheon, including a brand new one, which is home to a production centre dedicated to the production of limited packaging editions and which can meet all test requests.

Tubes in the crosshair!

Airless, of course, but not only... Because, since 2007, Yonwoo also manufactures plastic and aluminium/plastic tubes. The company also announced this month the construction of a 14,000 sqm factory entirely dedicated to the manufacture of tubes. A product that today represents a turnover of USD 25 million and for which the Korean manufacturer has big ambitions, anticipating a production capacity which will be tripled by 2020 and which will weigh 23% of its turnover at that time. Objective, be the number producer of tubes in Korea!

A well thought out strategy for tubes that consists in offering its customers high added value product ranges. Added value mostly generated by the use of pumps, dispensing systems and sophisticated applicator ranges that transform the tube into a premium product offering previously unknown services.

"The aim is to offer customers tubes and systems suited to their needs and enabling them to create value and write a real story," explains Daniel Cha, Sales and Marketing Director. "Concerning other products such as jars and airtight cases, we are working on it, emphasises Daniel Cha, but as usual we do not want to be followers but initiators. So I can tell you we are working on the development of innovative products in this area."