Cosmax’s Cosmetics Factory with Yatsen Begins Operations in China

SEOUL, Aug. 13 (Korea Bizwire) — Cosmax Inc., South Korea’s major cosmetics manufacturer, said Sunday its factory jointly built with Yatsen Holdings has begun operations in Guangzhou, China. Cosmax set up a joint venture, Yatsen Biotechnology, with the New York-listed Chinese Yatsen in 2020, and began construction of the 60,593-square-foot factory, Asia’s biggest cosmetics factory. [...]