AkzoNobel shifts focus away from China to new growth markets in Southeast Asia
Dutch specialty chemicals supplier AkzoNobel is targeting growth in Southeast Asia, specifically Vietnam and Indonesia, as growth slows in China, according to a report published in Indonesia Investments. CEO Tom Büchner is said to be planning to reduce investment...
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China’s new cosmetics regulations to govern oral care category
China’s Food and Drug Administration (CFDA) is drafting a new regulatory framework to govern cosmetics. The Regulations on the Supervision and Administration of Cosmetics was published in draft form on July 20th for public comments. The new regulations will usher in a...
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L’Oréal India becomes the country’s first company to receive certification for gender equality
L’Oréal India has become the first company in India to receive certification for gender equality in the workplace from the Economic Dividends for Gender Equality (EDGE) initiative. The company underwent an extensive review of its gender policies and data to achieve...
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BASF and Petronas Chemicals set to build global plant in Kuantan as part of diversification strategy
Germany-based BASF and Petronas Chemicals have announced a new joint venture in the proposed build of a global plant in Kuantan, South Asia. The new world-scale production plant will make highly reactive polyisobutene (HR-PIB) and will be the first of its kind in the...
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Ho Chi Minh police seize five tons of counterfeit cosmetics in smuggling ring raid
The National Steering Committee on Prevention and Control of Smuggling, Trade Fraud and Counterfeit Goods and Ho Chi Minh City’s economic police have seized a huge haul of counterfeit cosmetics in the city’s District 6. Some five tons of fake beauty products were...
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Online beauty retailer Hermo scoops full L’Oréal listing in Malaysia-first
Malaysian e-commerce site Hermo has teamed up with L’Oréal to become the first online beauty retailer in the country to carry the French beauty giant’s full complement of mass market brands. Products from L’Oréal Paris, Maybelline, Garnier, Biotherm and Clarisonic...
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Elizabeth Arden announces appointment of new president alongside new joint venture
Global prestige beauty products company Elizabeth Arden has announced the appointment of JuE Wong as president, commencing 3rd August, 2015. The appointment goes hand in hand with the news of a joint venture agreement with Asian prestige beauty distributor Luxasia...
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Weak rural sales hits Hindustan Unilever Q1 profits despite higher ad spend
Hindustan Unilever has reported a net profit of Rs 1,059.14 crore in the three months ended 30 June, a small 0.22% growth from the same period last year. The company missed analyst earnings expectations as rural sales slowed, while the profit was slightly subdued due...
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China and Malaysia would make halal cosmetics dream team, says industry chief
The General Manager of Strategic Planning and Monitoring for the Halal Industry Development Corporation, Syaifulzafni Aziz, has urged China and Malaysia to team up with a view to taking the halal market global, according to a report published in the Malay Mail....
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Philippines’ personal care manufacturer Splash Corp doubles income to PHP93 million
Philippines-based personal care manufacturer Splash Corp has announced a triple-digit increase in net income for the first half of 2015. Net income soared 133 percent when compared to the first semester of 2014 to reach PHP93 million. The company saw revenues from its...
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Indian research council stops Colgate Palmolive mouthwash patent in its tracks
The Indian Council of Scientific & Industrial Research's (CSIR) Traditional Knowledge Digital Library has thwarted an attempt by Colgate Palmolive to patent a mouthwash formula containing extract of nutmeg. Colgate filed the patent at the European Patent Office,...
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Speciality Chemicals Market set to grow by 2020
A new report has stated that demand from the Asia-Pacific region and end user industries such as the cosmetics market has enabled a projected growth of the specialty chemicals market by 2020. Likewise increased R&D activities to develop new products is also a key...
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Make in India directive falls short due to high import of finished goods
Multinational FMCG companies are said to be falling short of the ‘Make in India’ quest delivered by the newly-elected Prime Minister Narenda Modi due to the high import of finished goods when launching or testing new products in the Indian market. Data compiled by BS...
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Foreign brands lose market share to local firms as Chinese FMCG growth slows to 4.4 percent
Chinese consumers are voting with their feet in the fast-moving consumer goods market, opting to spend on locally produced goods over foreign brands, according to a report published by Bain & Co and Kantar Worldpanel. Local brands are gaining market share in the...
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India’s Drugs Controller gets tough on cosmetics imports: companies must guarantee their products are not tested on animals anywhere in the world
Having introduced a ban on animal testing for cosmetics last year, the Indian government is tightening regulatory controls on foreign beauty products following reports that a number of companies have been importing products that fall foul of the new legislation,...
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Can K-beauty save South Korea’s export market? Government gives boost to consumer products as shipments forecast to fall 1.5 percent in 2015
The South Korean government has put together a support package for exporters in a bid to help reverse the fortunes of the country’s traders. Shipments are predicted to drop 1.5 percent in 2015 thanks to stiff competition from Chinese manufacturers and a weak Yen,...
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Coty to challenge Henkel as it enters fast-growing Indian salon market with P&G professional hair care brands
Coty’s acquisition of P&G’s beauty portfolio will see the beauty giant enter the fast-growing professional hair care market in India for the first time. According to a Livemint report, the Indian professional hair care market is valued at an estimated Rs 700 to...
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Model applies Air Cushion in zero gravity,in IOPE’s latest advertising campaign
A model applies makeup in zero gravity conditions on board a plane plummeting to earth in Korean cosmetics brand IOPE’s latest advertising campaign. The advert has been viewed nearly four million times on YouTube since it went live last week. The extreme stunt...
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Global rheology modifiers market expected to be worth US$5,600m by 2020
The global rheology modifiers market is expected to be worth US$5,600m by 2020, registering a compound annual growth rate of 3.3 percent over the next five years, according to a report published by US firm, Research and Markets. Rheology modifiers also known as...
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Shiseido claims to have found a cure for baldness, available from 2018
Japan-based hair and cosmetics company Shiseido claims to have found a cure for baldness which it plans to make commercially available by 2018. The company has patented its new RepliCel Hair-01 (RCH-01) hair regeneration technology in the entire Asian region,...
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Global baby health and personal care market estimated to grow at annual rate of 7.29%
The global baby health and personal care market is predicted to expand at a compound annual growth rate of 7.29 percent between 2015 and 2019, according to new market research. The findings have been released in a report by US market research firm Technavio, which...
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Amorepacific CEO overtakes Sumsung Group Chairman to become South Korea’s richest man
Chief executive officer of Amorepacific, Suh Kyung-bae, has become South Korea’s richest man in stock value terms, overtaking Samsung Group Chairman Lee Kunhee, who is currently valued as the richest man in Asia. Market data compiled by corporate tracker Chaebul has...
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2015 will ‘be challenging’ says Hong Kong perfumery chain SaSa International as it posts 10.3 percent loss in profits for 2014
Hong Kong-based retailer SaSa International has announced a decrease in profits to the tune of 10.3 percent for the year-end March 31, 2015 to HK$838.8 million, compared to HK$935.2 million for the previous year. It wasn’t all bad news for the perfumery chain,...
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Jewelry brand Tomei expands nascent skin care business; plans to launch new brands and 20 retail outlets in next three years
The success of Malaysian jewelry brand Tomei’s recently launched skin care operation, Flawless Skin Care, has prompted the company to push for rapid expansion. According to a report in The Star, the company is planning to launch 20 new outlets in the next three years...
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Shiseido Professional teams up with distributor Aura Beauté Group; establishes joint venture in Indonesia
In a bid to accelerate the growth of its professional business, Shiseido has established a joint venture in Indonesia with Aura Beauté Group, the current distributor for the Shiseido Professional brand in the country. The new company will be named PT Shiseido...
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Indian firm Joy Cosmetics awards US$7,900,000 marketing contract to Happy Creative Services
Kolkata-based hair care and skin care company Joy Cosmetics has appointed Bangalore agency, Happy Creative Services, to oversee its marketing activities. Following a multi-agency creative pitch, Happy Creative Services was awarded the Rs 50 crore contract...
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Henkel appoints Kartik Kaushik as Head of Beauty Care in India
Henkel Adhesive Technologies, a subsidiary of German firm Henkel AG & Co KGaA, has appointed Kartik Kaushik, as General Manager of its beauty care (professional) business in India. Kartik Kaushik has worked in the FMCG sector for over 18 years and has held roles...
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Global anti-counterfeit pharma and cosmetics packaging market expected to grow by 15.7 percent by 2020
The anti-counterfeit pharmaceutical and cosmetics packaging market is projected to grow at a compound annual growth rate of 15.7 percent during 2015-2020, according to a new report by US research firm, Allied Market Research. The report predicts that hologram...
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Estee Lauder reduces product prices in China by as much as 23%
From today, Estee Lauder has cut the recommended retail price of products sold in China by as much as 23 percent as a result of the government’s decision to cut importation tariffs. China’s Ministry of Finance announced in May that it was slashing importation tariffs...
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Researchers in Australia explore the potential of using sea cucumbers in cosmetics
Sea cucumbers are being tipped as the latest wonder ingredient in cosmetics as scientists in southern Australia seek to harness the potential of the country’s diverse aquaculture industry. Although sea cucumbers are widely served as an edible delicacy in countries...
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Connell Brothers targets growth in India; acquires cosmetics ingredients distribution business Mascot Universal
Specialty chemicals marketer and distributor Connell Brothers (CBC), a division of Wilbur-Ellis, has acquired Mumbai-based personal and health care ingredients distribution business Mascot Universal. The terms of the deal were not disclosed. India is one of CBC’s...
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South Korean cosmetics brand Tonymoly to expand in China; expects to raise KRW88.8 billion from debut on Seoul bourse
South Korean cosmetics brand Tonymoly will make its debut on the Seoul bourse on July 10, according to a report published by Yonhap News Agency. The company will offer its stocks at between KRW26,400 and KRW30,200 per share and is expecting to raise up to KRW88.8...
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Chinese regulator moves to close cross-border loophole: AQSIQ to inspect cross-border e-commerce imports
China’s General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) is planning to usher in new checks on imported food and cosmetics in order to standardize cross-border e-commerce trade. The proposed regulation will impose four conditions on...
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Thailand’s Food and Drugs Administration warns against counterfeit Korean cosmetics
More than 1,000 counterfeit cosmetics brands have flooded the Thai market using false licence numbers, according to a report in The Nation. The products are mostly touted as skin lighteners from South Korea, but, Thailand’s Food and Drug Administration warns, have...
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Unilever Hindustan eyes Keralan hair and skin care brand Indulekha; rumored to buy for Rs500cr
Unilever Hindustan is reportedly in the running for the acquisition of Keralan ayurvedic hair and skin care brand Indulekha. According to The Times of India, the FMCG giant has indicated interest in a buy-out of the brand’s manufacturer, Mosons Extractions, for Rs500...
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Amore Pacific looks to US as MERS outbreak hits domestic sales
South Korea’s largest cosmetics manufacturer Amore Pacific saw its shares fall nearly 10 percent as an outbreak of Middle East respiratory syndrome (MERS) kept consumers at home and prompted tourists to cancel their trips, according to a report in the Associated...
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BASF, Cargill and GIZ partnership produce world-first in the Philippines with certified sustainable coconut oil
A collaborative project between BASF, Cargill and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) has established the world’s first Rainforest Alliance certified production of copra, the dried coconut flesh used to process coconut oil in the Philippines....
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Global market for natural antioxidants expected to reach value of US$4.14bn by 2022
The global market for natural antioxidants is expected to reach a value of US$4.14bn by 2022, according to a new study by Grand View Research. The report predicts that the market’s growth will be driven by demand for organic personal care products containing natural...
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Nivea launches Nivea Men Body Deodorizer for Indian market
Nivea India has launched new product Nivea Men Body Deodorizer for the Indian market. The product aims to replace the use of talc and perfumes, which are commonly used among Indian consumers to combat body odour. The Nivea Men Body Deodorizer claims to improve upon...
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Amorepacific grants Dior permission to adopt ‘cushion’ makeup compact technology
Amorepacific has granted Parfums Christian Dior permission to adopt its patented ‘cushion’ technology, which has proved hugely popular as an application concept in the make-up compact market. The two companies signed a memorandum of understanding at Amorepacific’s...
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Global polyalkylene glycol market projected to reach value of US$16.96bn by 2023
The polyalkylene glycol market is projected to reach a value of US$16.96bn by 2023, according to a report from US firm Transparency Market Research. Polyethylene glycol (PAG) are versatile polymeric compounds with a broad range of uses across industries including...
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Halal cosmetics market in Asia Pacific expected to grow at annual rate of 9.9% until 2020
Consumer demand for Halal cosmetics across Asia Pacific is expected to soar over the next five years, registering a compound annual growth rate of 9.9 percent according to a new report. US market research firm Future Market Insights (FMI) has published a report...
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Unilever sidesteps product registration with new e-commerce platform in China
Unilever has opened an online store on JD.com’s cross-border e-commerce platform, JD Worldwide, according to The Wall Street Journal. The move will enable the Dutch manufacturer to sell its Ponds, Dove, Lux and Vaseline brands in China as imports, thus avoiding the...
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Indian online retailer Nykaa.com to raise ₹50 crore to launch private label
India’s answer to Jumei.com, Nykaa has announced plans to raise up to ₹50 crore from new and existing investors over the next month, according to The Hindi Business Line. “We will close a fresh round of funding in a month. We are addressing a US$11 billion beauty and...
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Revlon appoints Tracey Raso as General Manager of Australasia
Revlon Australasia has appointed Marketing Director, Tracey Raso, as the new General Manager of the region following the retirement of Rob Garratt. Garratt is stepping down from his role after 35 years with Revlon. Raso has now assumed the role of General Manager,...
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Demand for hair product ingredient thiogycolates expected to soar by 2019
The global market for thiogylcolates is predicted to witness rapid growth over the next five years, according to a new report. US market research firm Grand View Research predicts that demand will be driven by companies operating in the cosmetics and frozen foods...
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Australian flexible packaging manufacturer Amcor expands foothold in China with new acquisition
Australian flexible packaging manufacturer Amcor has expanded its footprint in China with the acquisition of Southern China-based packaging firm, Zhongsan Tiancai Packaging Company. The acquisition brings Amcor’s total number of manufacturing plants in China up to ten...
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Women’s cosmetics market in India predicted to register CAGR of 16 percent
The women’s cosmetics market in India is projected to register a compound annual growth rate of 16 percent over the next five years, according to new research. The report by TechSci Research, entitled ‘India Women’s Cosmetics Market Forecast & Opportunities,...
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Asia-Pacific cosmetics market is expected to reach value of US$126.8bn by 2020
The Asia-Pacific cosmetics market is expected to reach a value of US$126.8bn by 2020, according to new market research. US firm ApacMarket has published a report which estimates that the market will register a compound annual growth rate (CAGR) of 4.02 percent between...
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Shiseido taps NARS President Louis Desazars as new CEO of Shiseido Europe
Japan-based cosmetics company Shiseido has appointed the President of NARS Cosmetics, Louis Desazars, as President & CEO of Shiseido’s Europe Region covering Europe, Africa and Middle East. Desazars will assume his new role on September 1 2015. He has also been...
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