Amorepacific Group Pacific Package Strengthens Strategic Partnership with Otajong

Exterior view of the Pacific Package facility in Cheonan, Chungnam. Photo by Amorepacific Group

[Asia Economy Reporter Moon Hyewon] Amorepacific Group announced on the 20th that it will strengthen its strategic partnership with its subsidiary Pacific Package and the French packaging company Autajon.

Since signing a memorandum of understanding (MOU) in 2015, Pacific Package and Autajon have maintained a cooperative relationship exchanging their respective technologies and know-how.

To further enhance the level of exchange with Autajon, Amorepacific Group has decided to sell 60% of Pacific Package's shares to Autajon. The remaining 40% stake will continue to be held by Amorepacific Group.

Pacific Package stated, “Through cooperation with Autajon, we expect to secure top-level competitiveness across technology, manufacturing, quality, and logistics, and this will serve as a good opportunity to target the global market going forward.” They added, “It seems possible to discover additional clients for Pacific Package through Autajon, which is expected to become a new driving force for Pacific Package’s continuous growth.”

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