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THE INVESTOR]
Cosmax, one of the country’s top three cosmetics original design manufacturers, will cater to its Muslim clientele with certified halal cosmetics.
Cosmax Indonesia, its Indonesian subsidiary, has completed developing more than 50 beauty products that were certified by Majelis Ulama Indonesia, one of the three internationally recognized custodians of halal certification, in March, a first for a South Korean ODM. \
Cosmax Indonesia
The halal cosmetics will be supplied to international beauty and personal cares brands including L’Oreal and Unilever as well as major Indonesian brands such as Mustika Ratu and Zoya Cosmetics.
“We will introduce cosmetics tailored for local culture in Thailand and Malaysia by the end of this year,” said Lee Geon-il, head of Cosmax Indonesia.
The halal cosmetics market across the world is estimated to be worth 100 trillion won (US$87.82 billion) and the industry expects it to grow at an average rate of 13.6 percent a year until 2019.
By Hwang You-mee (
glamazon@heraldcorp.com)