KOLMAR Korea and Yeonwoo Promote Commercialization of Cosmetic Containers Made from Recycled Plastic Waste

At the signing ceremony for the tripartite business agreement on "Commercialization of Eco-friendly Material Applied Cosmetic Packaging" held on the 24th at Kolmar Korea Comprehensive Technology Institute in Seocho-gu, Seoul, Byeongjun Ahn, CEO of Kolmar Holdings (center), Sangyong Park, Vice President of Yeonwoo (right), and Ihyun Nam, CEO of Hanwha Solutions Chemical Division (left) are taking a commemorative photo. Photo by Kolmar Korea

[Asia Economy Reporter Moon Hyewon] Kolmar Holdings Korea is promoting the commercialization of eco-friendly cosmetic containers made from recycled discarded plastics in collaboration with its affiliate Yeonwoo.

Kolmar Holdings Korea and Yeonwoo announced on the 25th that they signed a tripartite memorandum of understanding (MOU) with Hanwha Solutions on the 24th at the Comprehensive Technology Institute located in Seocho-gu, Seoul, for the "Commercialization of Cosmetic Packaging Using Eco-friendly Materials."

Attending the signing ceremony were Ahn Byungjun, CEO of Kolmar Holdings Korea; Park Sangyong, Vice President of Yeonwoo; and Nam Ihyun, Head of the Chemical Division at Hanwha Solutions.

Through this MOU, the three companies will lead the commercialization of cosmetic containers using PCR (Post Consumer Recycled)-PE (Polyethylene), a recycled plastic material, based on their accumulated expertise in chemical materials, cosmetic containers, and ODM (Original Design Manufacturing) businesses.

Hanwha Solutions will develop recycled plastic materials and supply them to Yeonwoo, which will produce cosmetic containers using these materials and provide them to all its clients. Kolmar aims to actively propose recycled plastic containers to its clients and replace more than 50% of the cosmetic tube containers it produces with eco-friendly materials by 2030.

The cosmetic containers developed through this collaboration contain more than 40% PCR-PE material, which is processed from crushed discarded plastics into recycled raw materials, thereby enhancing resource circulation effects. A key feature is the resolution of quality stability issues such as uneven surfaces, which frequently occur in existing recycled plastics. The materials have passed domestic and international harmful substance verification tests, and the companies aim to complete the GRS (Global Recycled Standard) certification within this year before commercialization. This material will also be applied to paper tubes, which Kolmar is the first in the world to commercialize.

CEO Ahn stated, “Kolmar is actively practicing ESG management by shifting the paradigm of cosmetic containers to eco-friendly containers,” and added, “With this agreement, the three companies plan to cooperate organically to create a sustainable industrial ecosystem.”

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