Hanwha Solutions Develops Eco-Friendly Cosmetic Containers Using Recycled Plastic

KOLMAR Holdings and Yeonwoo Sign Agreement for Commercialization of Eco-Friendly Cosmetic Containers

Hanwha Solutions signed a business agreement on the 24th at Kolmar Korea Comprehensive Technology Institute in Seocho-gu, Seoul, with Kolmar Holdings and Yeonwoo, a cosmetics container manufacturing company, for the "commercialization of eco-friendly cosmetic containers." From the left, Nam Ihyun, CEO of Hanwha Solutions; Ahn Byungjun, CEO of Kolmar Holdings; Park Sangyong, Vice President of Yeonwoo.

[Asia Economy Reporter Oh Hyung-gil] Hanwha Solutions is making cosmetic containers from materials recycled from waste plastic.

Hanwha Solutions announced on the 25th that it signed a business agreement on the 24th at the Kolmar Korea Comprehensive Technology Center in Seocho-gu, Seoul, with Kolmar Holdings and Yeonwoo, a cosmetic container manufacturing company, for the 'commercialization of eco-friendly cosmetic containers.'

They will jointly promote the commercialization process from development, production, to distribution of eco-friendly cosmetic containers. Since last year, Hanwha Solutions and Yeonwoo have completed the development of eco-friendly cosmetic containers applying recycled material (rPE) raw materials through joint research.

The goal is to replace 50% of the cosmetic tubes produced by Kolmar Korea with eco-friendly materials by 2030 and to increase the supply of eco-friendly packaging containers to global cosmetic companies that are Yeonwoo's clients.

Eco-friendly cosmetic containers contain more than 40% of rPE material, which is processed by crushing discarded plastic into recycled raw materials, resulting in high resource circulation efficiency. They have passed domestic and international harmful substance verification tests, and have solved problems such as uneven surfaces frequently occurring in recycled plastics, featuring excellent quality.

Nam Ihyun, CEO of Hanwha Solutions, said, "We have created an opportunity to supply eco-friendly packaging materials to global cosmetic companies," adding, "We will continuously develop eco-friendly materials that can be supplied to various industries and establish a resource circulation system to strengthen ESG (Environmental, Social, and Governance) management."

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