by Ryu Hyunseok
Published 12 Oct.2023 09:17(KST)
Cosnine announced on the 12th that it will visit a domestic factory on the 16th together with the sales manager of Chinese company Tiens (TIENS) to discuss global marketing strategies.
During this visit to Korea, the two companies plan to discuss specific cooperation plans regarding Cosnine's cosmetics export strategy utilizing Tiens' global distribution channels.
Tiens operates in 224 countries worldwide. Among them, it has established branches in 110 countries and is a distribution and sales specialist company with a diverse sales network. Last month, Cosnine announced that it would target the global market in cooperation with Tiens, the largest network sales company in China with an annual sales revenue of 7 trillion won.
A Cosnine representative stated, “Recently, with the easing of group tourist restrictions in China, a more positive market environment is being created for Korean cosmetics companies than before,” adding, “By securing large new clients such as Tiens and Lion Korea, we expect significant sales growth and a substantial improvement in performance.”
Cosnine is already contract manufacturing the representative hand sanitizer product ‘I Kkaekkeutha’ of global daily necessities company Lion Korea. In addition, it is also producing cleansing products under the Plantnara brand, as well as ‘Rice Day’ shampoo and other hair products.
Cosnine has completed production preparations for various products under contract manufacturing and is now entering full-scale mass production. At the same time, it is actively developing overseas distribution channels, securing global clients, and began deliveries earlier this month.
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