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Industry buzz

HCT and Applied Minerals form joint venture to develop natural cosmetics

HCT, a supplier of cosmetic packaging and turnkey solutions, is joining forces with Applied Minerals, the global leading producer of Halloysite Clay solutions, develop and market an all-natural line of specialty skincare products based on Dragonite™ Halloysite Clay.

Dragonite-PureWhite is a cosmetic-grade aluminosilicate clay mineral possessing a unique micro-tubular morphology ideally suited for the cosmetics industry. It is produced exclusively by Applied Minerals from its wholly owned Dragon Mine deposit in Utah, the world’s purest commercial source of Halloysite Clay.

The initial line of products will take advantage of the unmatched purity and performance of Applied Minerals’ Dragonite-PureWhite™ to address the high-end skincare market and will also be utilized in applications such as fragrances, deodorants, colour cosmetics, nail products and extenders,” explained HCT in a release.

HCT and Applied Minerals said they are in preliminary discussions with branding and distribution partners that will complement and benefit from the key attributes of the all-natural product line to be developed and marketed by their joint venture.

Source: WorldPressOnLine

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