[IPO] BBC "Confident in Second Leap as a Health and Beauty Care Material Specialist"

[Asia Economy Reporter Jang Hyowon] BBC, a dental care specialist company based on fine bristle materials, revealed its future strategies and vision following its listing on the KOSDAQ market through an online corporate briefing on the 2nd.

BBC is holding an online corporate presentation.

BBC started as a sole proprietorship in 1998 and was established as a corporation in 2008, growing primarily in dental care-related businesses such as functional toothbrush bristles. So dominant is its position in the market that 7 out of 10 Koreans use BBC’s toothbrush bristles.

The successful market establishment is based on the world’s first and only successful development of tapered bristles. BBC’s tapered bristles, applied with polymer spinning/processing technology, accounted for about 70% of the domestic toothbrush bristle market as of 2019, rapidly growing as a substitute for traditional nylon materials.

Beyond the domestic market, BBC is solidifying its position as a leading dental care company in the global market. It exports to over 20 countries and 186 companies worldwide, supplying products through partnerships with major global companies such as P&G, Colgate, and Unilever. In fact, overseas sales account for 78% of total revenue, demonstrating its influence in international markets.

BBC recorded sales of 31.1 billion KRW last year, showing an average annual sales growth rate of 13.1% over the past three years, and notably achieved an operating profit margin of 24.5%, proving overwhelming profitability. Overcoming the economic downturn caused by COVID-19, sales and operating profit for the first half of this year reached 17.4 billion KRW and 4.9 billion KRW respectively, up 19% and 34% compared to the previous year.

Based on accumulated technology in the dental care field, BBC is securing growth momentum by expanding its business areas into cosmetics and industrial sectors. The dental mask, developed with an in-house MB filter medium to respond to market demand due to the COVID-19 pandemic, has now become a new source of revenue. Considering confirmed orders through December this year, the company’s volume is expected to grow further.

Additionally, BBC is preparing to launch new products by applying its core technology to various fields such as beauty care products including mascara and eyeliner, as well as water treatment and industrial liquid filter media development.

Kang Gitae, CEO of BBC, stated, “As the No.1 dental care company, BBC is a company capable of composing a diverse product portfolio not only in oral care products but also by utilizing core technologies. We are committed to advancing as a health and beauty care material specialist company, holding firmly to our management philosophy of pursuing a healthy and beautiful life for humanity.”

Meanwhile, BBC’s planned public offering price is set between 27,100 KRW and 30,700 KRW per share, with 1.2 million shares to be offered, amounting to approximately 32.5 billion KRW based on the lower end of the price range. After demand forecasting by the 3rd, the public offering price will be finalized, followed by subscription on the 9th and 10th, and the company is scheduled to be listed on the KOSDAQ market on the 21st.

This content was produced with the assistance of AI translation services.