South Korea’s cosmetics original development and design manufacturer (ODM), Cosmax, is building a new headquarters in Shanghai’s Xinzhuang Industrial Park to integrate research, production and marketing for its cosmetics ODM business. It is part of the company’s 20th anniversary celebration in China and is expected to be completed in 2026. When Cosmax first entered China in 2004 as the first South Korean cosmetics ODM, company sales were below ₩10 billion (US$7.4 million) until 2008.
