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Companies & industry

Italy’s Intercos and Korea’s Hana team up

The agreement was signed last July. Intercos, the world number one supplier of make-up and skincare products, whose turnover last year exceeded 350 million euros with a workforce of 3,500 people, took a 20% stake in the Korean company Hana, which defines itself as a “world expert in airless pumps and dispensing systems.Hana achieved last year a turnover of 38 million dollars with a workforce of 80 people.

A strategic merging for both companies. Everyone visibly “is a winner” in the deal. The first, Intercos, by strengthening its base in Asia and more specifically in Korea where the Italian company has recently built a Research and Development centre, the second, Hana, who, through this partnership, will certainly have an opportunity to strengthen its expertise in the packaging and dispensing of cosmetic and skincare formulas and whose investments this year amounted to five million dollars, with the objective to purely and simply double its production capacity.

The top in Airless systems

Created in 1993 by Sung Il Kang, a former packaging engineer in charge of development at Amore Pacific, Hana can boast having among its most prestigious clients, the brand La Prairie to which it provides since 2010 particularly sophisticated airless systems. The Korean manufacturer owns some 45 injection machines, several automatic and semi-automatic assembly machines for pumps as well as a coating and metallization line.

Sung Il Kang, CEO of Hana

Sung Il Kang, CEO of Hana

In terms of developed and marketed products, Hana relies not only on the success of its very sophisticated airless packaging line (70% of its turnover), but also on a series of new products, such as a new pump with an automatic closure that preserves the content; an airless packaging with a customizable dual compartment; another airless packaging with a very clever system for mixing two components upon use; a new lipstick tube with an automatic opening; a new mechanical pencil and, most of all, a new airtight and airless compact equipped with one of the smallest pumps in the world (8.5 mm high) with which the Korean company intends to capture a significant portion of the market for liquid foundations and BB Creams.

Intercos, more than ever the number one!

The Intercos Group, which is the only ODM today with an extensive global manufacturing capacity and experiencing a strong growth in Asia mainly with skincare, achieved in 2014 a turnover of 350 million euros, up by more than 7% compared to the year before. And the 2015 provisional turnover is of 410 million euros (+17%).

Dario Ferrari, CEO of the Intercos Group

Dario Ferrari, CEO of the Intercos Group

Only one credo at the Group’s headquarters in Italy, “constantly innovate but with an aim to be always the fastest and most competitive.” “Time to market…, time to market!” has always insisted Dario Ferrari.

525 people out of the 3500 that Intercos employs work on innovation. Nearly 15% of the workforce. The Group has twelve factories and a production capacity of more than 1.4 billion pieces per year! Colour cosmetics remain the bulk of the activity (60%), followed by pencils (28%), skincare (12%), among others. It is on the prestige market that the Italian company makes most of its business (37%), followed by mass (22%), direct sales (14%) and PLs (27%)

Jean-Yves Bourgeois

Portfolio

  • Hana - Airtight cushion compact (Juliet range)
  • Hana - Customized airless pump for La Prairie
  • Hana - Stock airless pumps
  • Hana - Production site
© 2015 - Premium Beauty News - www.premiumbeautynews.com
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