Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP News Agency) jonghyuk Kim Journalist = The subsidiary company of Tonymoly, named Megacos cosmetic limited, signed the MOU with the Qingdao Mingyue Haizao Group limited China(青岛明月海藻集团有限公司) that covered manufacture and distribution.

According to this MOU, they will cooperate each other in the case of planning product, contents, design and some of containers.

Tonymoly Megacos is a company that is specialized in original equipment manufacturing (OEM) and original design manufacturing (ODM). They are going to construct 'One Stop Process' system factory in the site located in Zhejiang Pinghukaifaqu in China (about 59,500㎡). When the construction finished they will produce cosmetic with high-quality law material provided from Mingyue Haizao Group.

“The new system will drastically reduce time for manufacture and distribution compared with past way that inject cosmetic into the containers which were produced by other companies.” said the officer of Tonymoly.

NSP News Agency/NSP TV jonghyuk Kim Journalist, awake12@nspna.com
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