Cosmetics, Spec.Chem Archives

The New Soluble Solid by MASSCON

Pioneering Technology in the Personal Care Industry

MASSCON, the technology leader in South Korea’s sustainable personal care market, has launched ‘All That Solid'(R), a new breed of solid personal care products, across global markets. Including shampoo, hair conditioner, facial cleanser, and body cleanser, ‘All That Solid’ products come in a single-use tablet-sized form factor, providing instant solubility, enhanced hygiene, and zero-waste packaging.

With MASSCON’s groundbreaking soluble solid technology, ‘All That Solid’ far outperforms conventional bar-type personal care products with up to 1500% increased efficacy, hygiene and ease of use and storage. MASSCON also offers an array of sustainable personal care products including solid air fresheners and deodorizers. The company plans to expand its global market reach focusing on international hotel chains, FMCG (fast moving consumer goods) companies and retail outlets.

Application of The New Soluble Solid
– Eco-Friendly Hospitality : ‘All That Solid’ Premium Hotel Amenities —
Our revolutionary hotel amenities merge luxury with uncompromising sustainability. Our single-use products achieve zero waste without sacrificing quality, surpassing traditional solid options with guest satisfaction.

– OEM/ODM : Meeting brand-specific requirements —
We offer custom manufacturing and scalable production for various market needs, enabling beauty brands to deliver unique, high-quality solid products that stand out in the competitive personal care industry.

– Client Ingredients —
We specialize in the integration of client-provided ingredients into solid formulations, leveraging our expertise in maintaining the efficacy and stability of custom ingredients while optimizing formulations for unique brand offerings.

– Co-Creation —
We engage in collaborative research and development for innovative solutions to co-create sustainable and effective next-generation products, ensuring our partnerships yield cutting-edge, eco-conscious solid personal care items that meet future market demands.

“The key feature of MASSCON’s technology is allowing for highly effective liquid raw materials to be incorporated into solid products without modification. Our technology is effective even when used in smaller amounts than our current solid products, and this is the world’s first solid technology with economic feasibility,” said Dr Yongeui Lee, founder and CEO of MASSCON.

“MASSCON’s innovative technology should contribute to sustainability in the cosmetics industry while meeting the needs of consumers who value environmental protection. MASSCON’s technology has completed initial verification in the luxury hotel industry, which is limited in providing amenities using plastic containers, and is awaiting mass production.”

“As the sustainable personal care market continues to grow, with global regulations and legislation, we expect other markets to follow in efforts to improve sustainability with MASSCON technology. We hope these changes will ultimately lead to a significant contribution in global environmental protection and resource conservation,” says Lee.

About MASSCON
MASSCON is a leading greentech company which designs and manufactures sustainable personal care products in tablet forms providing zero-waste, enhanced hygiene and faster solubility over conventional shampoo bars. MASSCON’s industry-leading soluble solid technology is based on 20 years of R&D in hybrid nanotechnology and biochemistry and over 25 key patents and intellectual properties worldwide. MASSCON serves sustainable personal care markets including hospitality, government and FMCG. The company also offers ‘On Your Life’, a domestic BtoC brand in Korea, and launched the ‘All That Solid'(R) brand in the global market. For more information, please visit www.allthatsolid.com.

Media Contact:

Dr. Yongeui Lee
Founder & CEO, MASSCON
T: +82 31 360 8441
E: allthatsolid@masscon.co.kr

MASSCON Launches AllThatSolid(R) Sustainable Personal Care Products Providing the Best Efficacy and Solubility in the Market

MASSCON, a technology powerhouse in sustainable personal care products in South Korea, today announced that the company has launched AllThatSolid(R), a new breed of solid-state personal care products including shampoo, hair conditioner, facial cleanser, and body cleanser. AllThatSolid(R) products come in a single-use tablet-sized form factor, providing instant dissolution, enhanced hygiene, and zero-waste packaging.

Thanks to MASSCON’s groundbreaking soluble solid technologies, AllThatSolid(R) products far outweigh conventional bar-type personal care products with up to 1500% increased efficacy, hygiene and ease of use and storage.

According to recent market research, the global sustainable personal care market is expected to grow from US$7.5 billion in 2023 to US$14 billion by 2030, growing at a CAGR of 9%. Consumer interest in environmental protection plays a major role in the background of this growth. In order to reduce the use of plastic, improving packaging materials is of utmost importance. Conventional players try to reduce plastic by using biodegradable plastic or paper containers, but their function as cosmetic containers is poor, and even biodegradable plastic is not 100% pollution-free from environmental pollution.

Fundamentally, to solve this problem, it is important to have a technology that solidifies the product and liquefies it with a small amount of water or micro-heat when used. However, it is difficult with current technology to solidify all hair products and cosmetics, including shampoos, while exhibiting the same product functions as existing liquid products. In the case of existing solid hair products, some solidified products have been introduced, but user dissatisfaction has been pointed out as a major problem due to poor performance or secondary contamination of residual products.

“The key feature of MASSCON’s technology is that highly effective liquid raw materials can be incorporated into solid products without modification. It can be effective even when used in a smaller amount than existing solid products, and since it is individually packaged for one-time use, it is the world’s first innovative technology with economic feasibility. This technology does not require plastic containers or water and is disposable, easy to carry, easy to store, and hygienic. For example, AllThatSolid(R) shampoo provides the same cleansing and conditioning effects as liquid shampoo while minimizing environmental impact. In addition, it is an eco-friendly zero emission fabrication process in the entire process, so there is no wastewater generated during the manufacturing process,” said Dr Lee, the founder and CEO at MASSCON.

“MASSCON’s innovative technology is expected to make a significant contribution to the sustainability trend in the cosmetics industry. This technology will be an important turning point that can lead to changes in the cosmetics industry while meeting the needs of consumers who value environmental protection. MASSCON’s technology has completed initial verification in the luxury hotel industry, which cannot provide amenities using plastic containers, and is awaiting mass production. As the sustainable personal care market continues to grow, it is expected that many companies are expected to continue to make efforts to improve sustainability by referring to MASSCON’s technology. These changes are aimed at and ultimately expected to make a significant contribution to global environmental protection and resource conservation,” Dr Lee added.

MASSCON also offers an array of sustainable personal care products including solid air fresheners and deodorizers. The company plans to expand its global market reach focusing on international hotel chains, FMCG companies and retail outlets.

About MASSCON
MASSCON is a leading greentech company which designs and manufactures sustainable personal care products in tablet forms that provide zero-waste, enhanced hygiene and faster solubility over conventional shampoo bars. MASSCON’s industry-leading soluble solid technologies-based on the company’s 20 years of R&D expertise in hybrid nanotechnology and biochemistry with over 25 key patents and intellectual properties worldwide. MASSCON serves sustainable personal care markets including hospitality, government and FMCG sectors. The company also markets ‘On Your Life’, a domestic BtoC brand in Korea, and launched the AllThatSolid(R) brand in the global market. For more information, please visit www.allthatsolid.com.

Media Contact:
Dr. Yongeui Lee
Founder & CEO, MASSCON
Phone +82 31 360 8441
allthatsolid@masscon.co.kr

Loop Industries signs LOI with On AG to secure volumes from planned Infinite Loop(TM) manufacturing facility in Ulsan, South Korea

Loop’s breakthrough technology enables fiber-to-fiber recycling, offering the textile industry a closed-loop supply chain solution

Loop Industries, Inc. (Nasdaq: LOOP), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (PET) plastic and polyester fiber, and On AG, a sportswear brand and subsidiary of On Holding AG, today announced a Letter of Intent (LOI) signed by On to secure volumes of 100% recycled virgin quality Loop(TM) PET resin from the upcoming Asian Infinite Loop(TM) manufacturing facility in Ulsan, South Korea, which Loop is planning with its strategic partner SK Geo Centric. The Ulsan manufacturing facility is anticipated to break ground by end of this year.

The signed LOI follows a two-year period of collaboration between Loop and On, throughout which time a technical due diligence was completed validating Loop’s technology, while Loop(TM) PET resin was tested in On’s products. This partnership will provide On the ability to produce sustainable footwear and apparel using recycled materials, without the need for polyester fiber created from fossil fuels, which helps to reduce PET waste and the manufacturing footprint for On.

“Circularity is a main pillar in On’s sustainability process. We are happy to see that Loop is bringing their technology to commercial scale,” said Ilmarin Heitz, Head of Innovation at On. “This marks another huge step towards closing the fiber-to-fiber loop within the textile industry.”

“Loop’s technology enables fiber-to-fiber recycling, providing brands like On with a closed-loop solution to their supply chain,” said Giovanni Catino, Vice President of Sales and Business Development. “We anticipate that 60% of the feedstock utilized at our planned commercial manufacturing facility in Ulsan to come from polyester fibers which presents a significant opportunity for circularity for this material.”

Loop Industries is leading the way in sustainable and circular solutions for PET waste, allowing materials to be infinitely recycled without loss of quality or performance. Loop’s breakthrough technology enables low value PET waste to be upcycled into 100% recycled virgin-quality Loop(TM) PET resin which can be used in plastic products and food-grade packaging as well as polyester fiber applications. In addition to low value PET plastic waste, Loop also utilizes polyester fiber waste as feedstock in its process. By upcycling these materials, Loop’s technology helps supply brands with sustainable, recycled polyester fabric and offers a closed loop solution to the textile industry. This unique fiber to fiber recycling process is achieved through Loop’s patented depolymerization technology.

By leveraging Loop’s technology and securing volume at the upcoming Ulsan, South Korea manufacturing facility, On is implementing a bold and sustainable footwear strategy in the industry, taking a giant step forward in circularity. The partnership between Loop Industries and On showcases how brands can transition to a sustainable, environmentally friendly solution where materials can be recycled infinitely.

About On
On was born in the Swiss Alps with one goal: to revolutionize the sensation of running by empowering all to run on clouds. Thirteen years after market launch, On delivers industry-disrupting innovation in premium footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. Fueled by customer-recommendation, On’s award-winning CloudTec(R) innovation, purposeful design and groundbreaking strides in sportswear’s circular economy have attracted a fast-growing global fanbase – inspiring humans to explore, discover and dream on. On is present in more than 60 countries globally and engages with a digital community on www.on.com.

About Loop Industries
Loop Industries is a technology company whose mission is to accelerate the world’s shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop(TM) branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop(TM) PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. Loop Industries is contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.

Common shares of the Company are listed on the NASDAQ Global Market under the symbol “LOOP.” For more information, please visit www.loopindustries.com. Follow Loop on Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries.

Investor Relations:
Kevin C. O’Dowd, kodowd@loopindustries.com
Vice-President Communications & Investor Relations, Loop Industries, Inc.

Media Inquiries:
Andrea Kostiuk, akostiuk@loopindustries.com
VP Marketing & Communications, Loop Industries, Inc.

SOURCE: Loop Industries, Inc., Quebec, Canada.

Xypex Chemical Corporation Announces the Opening of Xypex India Manufacturing Facility

Xypex Chemical Corporation, a world leader in construction products for waterproofing by crystallization, is proud to announce the opening of Xypex India and the commissioning of a new production facility in Noida, India.

For more than 20 years, Xypex has partnered with its exclusive distributor in India, Apaar Infratech, to establish strong business relationships in private construction markets and government projects. Due to its business growth in the region, it decided to build its first batching plant in India, importing the proprietary chemicals from its manufacturing base and headquarters in Richmond, BC.

India plays an increasingly important role in their global growth strategy. It has achieved a strong market presence in recent years participating in infrastructure projects in the transport and hydroelectric sectors as well as commercial and residential building. Most recently, Xypex played a significant role in the waterproofing of the Delhi Metro expansion. Xypex is excited about future prospects and hopes the newly constructed plant will be the first step in its accelerated growth plans.

Xypex is dedicated to developing and providing innovative solutions that permanently waterproof concrete structures and contribute to their extended service life.

Xypex is excited to celebrate the opening of its new manufacturing plant, which will enable them to provide innovative concrete waterproofing materials to the Indian construction industry.

For more information, please visit their website at www.xypex.in. Xypex looks forward to building on our strong partnerships with the construction industry in India.

About Xypex Chemical Corp
Xypex Chemical Corporation manufactures a range of concrete waterproofing and protection products used in constructing or restoring building foundations, water and sewage treatment infrastructure, tunnels, manholes, and marine structures. Its unique crystallizing technology has been tested and proven worldwide in all climates and in widely varying construction situations. Sold through an international network of distributors and licensees in over 90 countries, Xypex is specified and used on countless projects around the world.

Available as an admixture or coating, Xypex Crystalline Waterproofing reacts with the by-products of cement hydration and other mineral constituents of the concrete, precipitating a chemical reaction that produces a non-soluble crystalline formation that fills and permanently blocks the pores, capillaries and hairline cracks that naturally occur in the structure. In this way, Xypex becomes a permanent, integral part of the structure. For more information, please visit their global website at www.xypex.com.

Contact Information
Ashwini Rai
Xypex India Distributor
info@xypex.in
+91 120 4090900

Chantell Segal
Global Marketing Director
enquiry@xypex.com

SOURCE: Xypex Chemical Corporation

The Executive Talk by ShareInvestor: Rojukiss International PCL (SET: KISS)

KISS speeds up to be Asia’s leading beauty and health company

Rojukiss International PCL (SET: KISS) Chief Executive Officer, Ms. Worrawan Chaikamnerd provided an admirable interview regarding her business strategy under the tough timing caused by the Covid-19 pandemic and the company’s core vision reflecting future growth.

Rojukiss International PCL Chief Executive Officer, Ms. Worrawan Chaikamnerd

1. Amid the Covid-19 pandemic, what challenges have your business faced? And what is your key strategy?
The COVID-19 pandemic has been one of the major challenges for Thailand’s beauty industry and our company. We must refine our strategies and business plans to cope with the ever-changing market and rapidly changing consumer behavior.

Regarding the long-term strategy, we aim to increase our top line to 3,000 million baht by 2026. Our focus remains on beauty and health products, such as skincare, makeup, hair color, and food supplements, which align with the company’s vision and mission: To be Asia’s leading beauty and health company by creating the best innovation to fulfil everyone’s demand and inspiring people across Thailand and Asia.

2. How is your product development and business expansion plan?
The priority is to grow and strengthen our core brand – the Rojukiss brand by enhancing the product innovation. At the same time, we continue searching for opportunities to reach consumers by adjusting marketing strategies called “Beauty Convenience.” Since Q1/2022, we have been trying to communicate with consumers through digital channels and leveraging data to create effective communication. All supports from our market research team provides in-depth market insights, ensuring that we proceed with the best fit consumer-based strategy.

One tactical approach we used during the pandemic was increasing product volume but maintaining the price. With this promotion, we not only added value and increased customers’ access to the product but also captured profitability at a reasonable level. As a result, Rojukiss has continued to grow despite the challenging business environment amid the slow trending of Covid-19 pandemic. with a sales target of 1,000 million baht by 2024 as Rojukiss remains our powerhouse brand.

In addition, we have also attempted to push other potential brands, especially “Best Korea” brand, in which we have upgraded into new formulas and imported ingredients from abroad. The brand highlights its ‘convenience to carry and use anywhere’ concept because we distribute it as a sachet, which also comes up with an affordable price for everyone. Furthermore, we also launched a new product under the Best Korea umbrella, “Best Korea SSUK,” targeting to teen shoppers. The company is committed to build Best Korea the Second Pillar.

Strengthen the company with health innovations
Our core vision and mission is to become Asia’s leading beauty and health company by creating the best health-related innovation. Recently, we invested in Hibiocy Co., Ltd. (HIB) to expand our business into health innovations. Consequently, we were able to roll out the first product called “Vaill CoviTRAP Anti-CoV Nasal Spray”, designed to suppress the COVID-19 virus physically. We received a very positive support from the market.

Expanding markets and opportunities to become Asia’s leading beauty and health company
Regarding the company’s long-term plan, we also search for new growth opportunities abroad. Currently, we have entered into four major countries: Indonesia and Vietnam – through the foreign distributor model, Laos and Cambodia – through the cross-broader sale model. In these markets, we found high demand for beauty and health products and similar customer behavior to that of Thai consumers. Particularly in Indonesia, after the product kicked-off, we received an impressive receptivity that exceeded our expectations.

Overall, our key strategy is to focus on developing new products, bringing out the best of Rojukiss and adjusting the products to fill the gap in consumption trends. Therefore, we must understand the consumer first, build innovative product, and find a suitable partner whose expertise could bring us into the market.

3. At the end of Q3/2022, KISS launched a new product concerning COVID-19 virus prevention. Please tell us about its specialty.
For this project, we collaborated with Faculty of Medicine at Chulalongkorn University, the Institute of Health Systems Research (HSRI), Silpakorn University, and the Government Pharmaceutical Organization (GPO) to form up the Thai medical working team to fight against COVID-19. Consequently, we successfully invented Thailand and the world’s first innovation in developing a nasal spray with Monoclonal Human Antibody Cocktail technology from research on human immunity to combat and inhibit the COVID-19 virus. It is considered an advanced biological technology developed from decoding antibodies obtained from volunteers who have recovered from COVID-19 infection and have excellent immunity, which helps inhibit and prevent COVID-19 physically. Impressively, it could hinder the infection covering up to 98% of all species and last up to 6 hours.

This nasal spray works in two functions; (1) trapping the virus with the HPMC that covers the surface of the nasal cavity, which reduces the virus’s ability to embed itself in the nasal cavity, and (2) excellent immunity, adopted from recovered patients (Human Monoclonal Antibodies), will inhibit and block COVID-19 entering the nasal cavity physically.

For me, this product is the pride of Thais whose breakthrough innovation could transform society. It shows our indubitable potential, which is second to none in the world.

4. What core value have you and your company employees adhered to?
As a beauty and health company, we have always committed to integrity, especially to our customers, partners, shareholders, and other stakeholders.

Honesty and integrity mean providing valuable products that serve consumers’ demands at an accessible price, as well as maintaining consistent Rojukiss grade quality.

On behalf of Rojukiss International Pcl, we will continue to develop products through innovations and with latest technologies under ethical business practices and good corporate governance. All aim to orchestrate the organization to grow sustainably.

Watch Executive Talk by ShareInvestor on YouTube ShareInvestor Thailand https://www.youtube.com/c/ShareInvestorThailand

About The Executive Q&A Series
The Executive Q&A Series is presented by ShareInvestor, Asia’s leading financial internet media and technology company and the largest investor relations network in the region. For more information, email admin.th@shareinvestor.com, and visit our Website: www.ShareInvestorThailand.com.

Aggresive in Global Market Expansion, PIS Meets BP, Shell, and Exxon in Singapore

Pertamina International Shipping (PIS) is increasingly targeting consumers in the international market. In addition to this expansion, PIS strives to continuously improve the quality and standard of service by exchanging knowledge and experiences with world energy companies.

PT Pertamina International Shipping (PIS), in cooperation with PIS Pte Ltd (PIS PL), hosted a sharing session with BP Singapore Pte. Limited, Shell International Eastern Trading Co (SIETCO), and ExxonMobil Asia Pacific Pte Ltd. The meeting was held at the offices of each energy company on August 24-25, 2022, in Singapore.

PIS, in cooperation with PIS Pte Ltd (PIS PL), hosted a sharing session with BP Singapore Pte. Limited, Shell International Eastern Trading Co (SIETCO), and ExxonMobil Asia Pacific Pte Ltd. The meeting was held at the offices of each energy company on August 24-25, 2022, in Singapore.

During the sharing session, PIS discussed vetting, inspection, and vessel acceptance or vessel examination and inspection. The event was attended by PIS Director of Operations Arief Kurnia Risdianto, PIS PL Managing Director Brilian Perdana, Crude and Gas Operation (CGO) Vice President Harris Abdi Sembiring, and PIS Loss Prevention Safety Quality (LPSQ) Manager Soleh Komaruddin.

BP Singapore Pte Ltd Vetting and Clearance Senior Manager, ExxonMobil Asia Pacific Pte Ltd Asia Pacific Supply Coordinator, ExxonMobil Asia Pacific Pte Ltd Mogas Lead, ExxonMobil Asia Pacific Pte Ltd Global Senior Marine Operations, SIETCO Mogas Operation Team Lead, SIETCO Head of Marine, SIETCO Senior Originator, and more were also in attendance at this meeting.

The meeting was also a PIS endeavor to escalate acceptance of its ships at the terminals of world energy participants such as BP, Shell, and Exxon to showcase the existence and quality of PIS in international settings. In the maritime and energy sectors, these companies are significant participants that dominate the tanker chartering market called the Seven Sisters.

PIS Director of Operations, Arief Kurnia Risdianto, explained PIS performance which has now explored 12 international routes. PIS ships have met international shipping standards, including the Paris MOU for sailing requirements on the European continent and a Certificate of Compliance from the United States Coast Guard (USCG).

“PIS is the largest tanker operator in Southeast Asia, currently operating around 439 vessels with extensive experience serving the domestic and regional market,” he said.

Experience of PIS in serving the regional market is recorded by many international customers, including Vitol, Petronas, Trafigura, BP, Badak LNG, ExxonMobil, Petrobras, Chevron, Saudi Aramco, Shell, and many more.

As the Integrated Marine Logistics Sub Holding of PT Pertamina (Persero), PIS business includes shipping, marine services, port services, port and jetty management (port ownership), storage tanks, and other related services.

PIS owns two VLCCs, namely, Pertamina Pride and Pertamina Prime, with a capacity of 2 million barrels and incurs the Eco-Green Vessel concept. The two VLCCs are tangible manifestations of PIS endeavor to lead the marine and logistics business in both domestic and international markets.

Besides oil and gas, PIS expands its business potential to various segments and cargo types, including petrochemicals with medium-range chemical-specific vessel assets called PIS Precious.

In the meantime, to comply with regional trading and improve its role in the global market, Tanjung Uban offers an integrated terminal managed by the PIS subsidiary.

PIS CEO Erry Widiastono said that the company has prepared a roadmap to support energy transition programs. “PIS will anticipate the future of vessels business, specifically the greener vessels. For example, vessels responsible for gas shipping such as LPG, LNG, and many others. In the future, we will anticipate the progress of the renewable energy sector,” said Erry.

About Pertamina International Shipping (PIS)

As the Integrated Marine Logistics Sub Holding, PT Pertamina International Shipping (PIS) consistently stimulates Indonesia’s economic growth through safe and sustainable operation, becomes a trusted and reliable maritime partner, and promotes value for the stakeholders in running their business. See https://pertamina-pis.com/.

Media Contact:
M Aryomekka Firdaus
Corporate Secretary
M: +62-811-872-272
E: aryomekka@pertamina.com

Pursued progress while ensuring stability and built up momentum, Legend Holdings realized revenue of RMB237,685 million in the first half of 2022

Legend Holdings Corporation (HKG: 3396) announced today the unaudited condensed consolidated interim results for the six months ended June 30, 2022 (the Reporting Perio”). During the Reporting Period, the Company’s revenue was RMB237,685 million and the net profit attributable to equity holders of the Company amounted to RMB2,131 million.

Mr. Li Peng, Executive Director and CEO of Legend Holdings, said that in the face of the complex international environment, in the first half of 2022, Legend Holdings pursued progress while ensuring stability, and deepened the strategic thinking of “industrial operation, technological innovation”, made steady improvement in its corporate competitiveness and operational efficiency, and further strengthened its investment and layout in the field of science and technology innovation; At the same time, we gave full play to the role of “chain leader”, practiced the concept of green development, actively fulfilled corporate social responsibility, and devoted ourselves to contribute to the high-quality development of China’s economy.

During the Reporting Period, Legend Holdings further consolidated the foundation of its industrial operations and strengthened its operational management. The revenue of the segment increased by 4% year-on-year to RMB235,775 million, and the net profit attributable to the equity holders of Legend Holdings increased by 20% year-on-year to RMB2,830 million.

Lenovo achieved revenue and profit growth for the ninth consecutive quarter. While maintaining its position as the world’s No.1 PC maker, Lenovo accelerated the development of new growth drivers with the revenue share of the non-PC business reaching a new high of 37% in the second quarter
Levima Group took the lead in achieving import substitution in the field of EVA photovoltaic materials. In the first quarter, the upgrading and transformation of EVA devices realized the expected effect, and the result in the second quarter reached a new high. In addition, the company continued to focus on the field of new materials, advancing the new projects in an orderly manner, and entered the field of electronic specialty gas;
The core business of Joyvio Group develops well as a whole. Joy Wing Mau continued to improve its vertically integrated fruit supply chain and achieved rapid growth in revenue. Global demand and prices for seafood products continued to rebound, and the revenue and profit of Joyvio Food have been improved;
With a healthy core capital adequacy ratio and strong international credit ratings, Banque Internationale a Luxembourg S.A. (“BIL”) achieved solid growth – successfully navigating the challenges faced by Europe’s economy. Meanwhile, BIL obtained QFLP status in Shenzhen, through which it will further support the introduction of foreign capital into China’s market and other initiatives.

During the Reporting Period, the industrial incubations and investments segment delivered stable and sound growth despite capital market volatility.

Legend Capital raised funds of RMB3.5 billion, invested in 26 new projects, and 4 portfolio companies went public;
Legend Star invested in nearly 20 new projects, more than 40 enterprises under management completed their next funding round, and it exited approximately 10 projects. The first round closing of the firm’s fifth USD fund and the final closing of its artificial intelligence special fund were also completed.;
Fullhan Microelectronics’s market share has significantly increased, and its performance has achieved growth. It continued to invest in mid- and high-end surveillance products to enhance profitability, and the expediting growth of smart home & smart automotive products has served as new driving engines;
Lakala maintained China’s No. 2 operator in terms of bank card transaction volume and leading operator in QR code payments. At the same time, it proactively provided technological support for other businesses;
The production and operation of Eastern Air Logistics have recovered steadily and achieved steady improvement in performance;
Zhengqi Holdings focused on the field of scientific and technological innovation, carried out industrial exploration and investment layout, and has so far helped 11 of its portfolio companies in total successfully go public;
JC Finance & Leasing achieved solid performance and year-on-year revenue growth amid the pandemic.

Increasing investment in scientific and technological innovation, adhering to innovation-driven development and continuously supporting the growth of Specialized and Innovative Enterprises

Legend Holdings stays true to its original aspiration of “revitalizing the country through business”. It has further increased its investment in technological innovation in line with the national strategy of achieving high-quality development driven by technological innovation and has achieved promising results.

Steady implementation of the “plan of doubling investments in Research and Development”

In the first half of 2022, Legend Holdings’ Family Group’s total R&D investment (excluding the capitalized R&D spending) reached RMB7.212 billion, and currently owns over 20,000 granted patents, ranking top among Chinese enterprises in various patent awards. Lenovo remains committed to its plan of doubling investments in R&D; it increased R&D spending by 23% year-on-year and grew R&D headcount by 29% year-on-year. Levima Advanced Materials adhered to its innovation-driven strategy. During the Reporting Period, it completed the laboratory R&D development for 9 new products and processes, the production technology formulas for 15 new products, and the industrialization of 5 new products.

Continuously “long-sought” in the field of science and technology

In the first half of 2022, Legend Holdings’ family group invested in nearly 50 new technology companies, covering multiple fields such as cutting-edge technologies, hard & core technologies, healthcare and medicine, and has contributed to the development of specialized and innovative enterprises in China through its empowerment. During the year as of August 15, 2022, 12 of its portfolio companies have successfully completed IPOs. Close to 50 of Legend Holdings’ family group’s portfolio companies made the newly announced list of the fourth official list of state-level specialized and innovative enterprises, such as Noitom, Hua Kong Tsingjiao, Spacety, Union Semiconductor, EasyDiagnosis Biomedicine, NuVolta Technologies, etc. Up to now, Legend Holdings’ family group has nearly 100 specialized and innovative companies in its portfolio.

Adhering to green growth, playing the full strength as a chain leader, and actively fulfilling corporate social responsibility

Legend Holdings is committed to promoting green development philosophy through the efforts of its portfolio companies to seize the green development opportunities, and jointly build an ecological civilization. Lenovo has set a goal of net-zero carbon emissions by 2050, transforming into “net-zero carbon emission plants” on the basis of its state-level green plants. The Company continues to create and provide smart solutions that facilitate the green transformation, empowering over 300 top industrial enterprises in China. Levima Advanced Materials focused on the development of new energy materials and biodegradable materials on top of its existing EVA photovoltaic film business; BIL helped Chinese companies issue overseas green bonds to facilitate the development of green finance; at the same time, Legend Capital, Legend Star, Zhengqi Holdings, etc. have further expanded investments in related fields to promote innovation and technological progress.

In terms of industrial chain, Legend Holdings promoted its subsidiaries to give full play to their advantages in operations and supply chains and assisted the coordinated development across the industrial chains. Lenovo was named a Gartner Global 25 Supply Chain for the eighth consecutive time. 90% of its manufacturing was from China, with 2,000 level-1 suppliers, directly providing more than 350,000 jobs. Levima Advanced Materials continued to make efforts in the field of new materials, expanding vertically to the upstream of the industrial chain while horizontally expanding to new segments, driving the mutual development with SMEs.

Corporate social responsibility is an important part of Legend Holdings’ overall strategy. The Company actively responds to the national call to steadily promote the implementation of the national employment stabilization policy within the family group, and carefully formulated and closely tracked various recruitment plans. While extensively attracting social talents, it focused on the recruitment of fresh graduates from colleges and universities, and actively expanded the scale of recruitment. In terms of public welfare undertakings, Legend Holdings has long focused on key areas such as fostering start-ups, contributing to rural revitalization, promoting social integrity and responding to disasters for years and insists on investing and carrying out relevant work effectively.

Mr. Ning Min, Chairman and Executive Director of Legend Holdings, said that, under the strong leadership of the Communist Party of China’s Central Committee, China coped well with the changes in the international environment, and achieved economic and social development while effectively coordinating pandemic prevention and control, adhering to the guiding ideology of “people-centered”, and achieved a series of results in various tasks, which also created a good environment for the development of enterprises. In the first half of 2022, the Company continued to improve its position, strengthen its capabilities, seize the important opportunities arising from the transformation and upgrading of Chinese enterprises, focus on the real economy, increase efforts in the field of scientific and technological innovation, and earnestly fulfill its corporate social responsibilities. In the future, we will continue to aim at accomplishing the great goal of building a world-class enterprise, and contribute to the journey of achieving high-quality development and common prosperity!

ReviewRumble 2022 Award Winners – Purapeel

PuraPeel Aesthetics wins the 2022 Award for best aesthetics business.

The ReviewRumble annual awards recognize products and services that have been rated highly by the ReviewRumble community.

These awards are completely independent. Any listing can qualify to win an award as long as it meets the judging criteria below.

How are award winners determined?
To be eligible for an award, a product or a service must meet these requirements:

Listed on the ReviewRumble website for consideration for an award
In business for at least a year
Minimum average rating of 4.1 stars online
Ten or more approved reviews written and approved over the last five years

From this nomination list, the ReviewRumble team performs qualitative analyses and metric comparisons to calculate a ‘sentiment score’ to determine a category winner. In particular, the proportion of five-star to one-star reviews is taken into account, with more weight being given to reviews written in the last 12-months. In cases where the sentiment score is very close, we may award multiple listings within the category.

2022 Award Winner
PuraPeel Aesthetics is a clinic that offers skin treatment. Tania Quan is the founder of PuraPeel. Quan and her team discovered the PuraPeel treatment which is now one of the most popular treatments in Australia.

PuraPeel treatments provide deeper cleansing and extractions with suction that would otherwise have to be done manually.

About PuraPeel Aesthetics
A state-of-the-art facial treatment system that offers a multi-functional Hydra-Dermabrasion machine and advanced technology all in one.

PuraPeel Aesthetics components are made available to the highest specifications while partnering with industry leaders to create advanced medical-grade products that work in synergy with our PuraPeel devices.

Contact details:
Tania Quan
0449 788 289
https://www.purapeelaesthetics.com/

SOURCE: PuraPeel Aesthetics

Azelis inaugurates state-of-the-art Regional Innovation Center for Food & Nutrition in Singapore

Azelis, a leading innovation service provider in the specialty chemicals and food ingredients industry, announces the opening of its Regional Innovation Center (RIC) for Food & Nutrition (F&N) in Singapore, further demonstrating the Group’s commitment to continuously invest in its innovation capabilities.

The RIC will generate a wealth of possibilities for food innovation towards healthier and tastier solutions through pioneering, ready-to-use formulations with advanced, sustainable ingredients. Functioning as an innovation catalyst for the F&N ecosystem in Asia Pacific, the RIC is an essential milestone in Azelis’ growth strategy, strengthening the Group’s position as a leading provider of innovative solutions.

In addition to the RIC, Azelis’ five F&N application laboratories across Asia Pacific form a regional innovation network that brings together the technical expertise and formulation capabilities of the local and regional teams for greater synergy. This setup allows Azelis to serve the F&N market more efficiently, realize advanced ingredient synergies and develop ground-breaking formulations and sustainable solutions that will be cascaded across the region.

Vikash Raj, Asia Pacific Innovation Director, remarks: “The RIC allows us to support our customers in their projects by developing innovative solutions for all stages of the formulation process from concept to final product, across industry applications in Bakery, Beverage, Confectionery, Dairy and Savory. Focusing on innovation in new products and applications is our objective, and thanks to our comprehensive lateral value chain, we have access to sustainable building blocks for food and beverage formulations. Our vision for the RIC is to positively impact our sustainability, health, and wellness ambitions by creating pioneering formulations that address nutrition and health challenges and bring healthy solutions to the mainstream market.”

Laurent Nataf, CEO & President Asia Pacific, comments: “With more than 20 laboratories in the region covering our key market segments, we have significantly invested in our innovation capabilities across Asia Pacific to ensure we deliver on our brand promise, ‘Innovation through formulation’. Our regional innovation network builds on our formulation expertise and technical capabilities by encouraging greater collaboration across our teams to strengthen cross-country synergies, increase efficiency, and ensure consistent formulation success for our customers. We look forward to further strengthening our partnerships with our customers and principals by allowing them to leverage the strength of our ever-growing innovation network capabilities, remaining their innovation partner of choice.”

To find out more, watch a video introducing the Regional Innovation Center in Singapore. https://youtu.be/RDJ4OhQcDh8

Contact information
Azelis
Lillian Ying
Asia Pacific Corporate Communications Manager
T: +65 9855 8818
E: lillian.ying@azelis.com

About Azelis

Azelis is a leading global innovation service provider in the specialty chemical and food ingredients industry present in over 50 countries across the globe with over 3,000 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a lateral value chain of complementary products to more than 51,000 customers, supported by ~2,300 principal relationships, creating a turnover of EUR2.8 billion (2021). Azelis Group NV is listed on Euronext Brussels under ticker AZE.

Across our extensive network of more than 60 application laboratories, our award-winning staff help develop formulations and provide technical guidance throughout the customers’ product development process. We combine a global market reach with a local footprint to offer a reliable, integrated and unique digital service to local customers and attractive business opportunities to principals. EcoVadis Platinum rated, Azelis is a leader in sustainability. We believe in building and nurturing solid, honest and transparent relationships with our people and partners.

Impact through ideas. Innovation through formulation.

http://www.azelis.com/

Believe Pte raises $55M in Series C funding to continue its global mission of delivering breakthrough personal care and beauty products

Singapore-headquartered Believe Pte Ltd, a fast-growing consumer products company serving the global Muslim audience with brands spanning skincare, fragrances, make-up and hair care has raised Series C funding of US $55M from incoming investors Venturi Partners and IIFL AMC alongside continued participation from Jungle Ventures, Accel, Alteria Capital and Genesis Alternative Ventures. Investment from IIFL AMC is subject to approval from the Securities and Exchange Board of India (SEBI).

The Company (started in mid-2019) has delivered rapid growth in its relatively short history, thereby inspiring investor interest and has cumulatively raised over US$ 80M over the last two years.

The Series A and Series B fund raises were led by Accel and Jungle Ventures with participation from Wamda Capital, a Middle East based fund. The current Series C raise in Believe’s third year of operation is led by Venturi Partners, a Singapore-based investment platform founded by veteran consumer investor Nicholas Cator. Venturi Partners enables consumer-facing business startups to build disruptive brands in sectors such as FMCG, education, health-tech, home improvement, etc. in India and Southeast Asia. IIFL AMC’s private equity fund that has backed several leading consumer brands will also co-lead this round, subject to approval from SEBI.

This is Venturi’s second investment and is a testament to the investment platform’s expertise in identifying and supporting multi-geography, high-growth consumer brands with an online and offline presence. Nicholas Cator, Founder & Managing Partner at Venturi said, “We are excited to be backing the most experienced BPC founders in the region and have been extremely impressed by their ability to build a diversified portfolio of products and a unique distribution network during a pandemic. We are convinced that with its strong team and group of investors, Believe will become the leading global halal and clean BPC house of brands.”

With the likes of Swiggy, Licious, Dailyhunt, and Country Delight in its portfolio, IIFL AMC looks to back market leaders and disruptors across businesses, while keeping sight of profitability at steady state. Chetan Naik, Fund Manager at IIFL AMC, said, “Believe has demonstrated unprecedented traction and growth in a very short period via its brands focused on the global markets in the BPC segment. With its unique positioning of halal based clean products (devoid of alcohol and animal ingredients), it has addressed the latent need of a large target market in a highly focused manner. Its growth is a testament to how a relevantly positioned brand with strong product efficacy creates resonance with its consumer and creates value for all. We are delighted to partner with the exceptional team at Believe for the company’s next phase of growth.”

Believe is a house of brands that includes Lafz, ZM and Dr.Rhazes. The brands have received incredible customer love in Bangladesh and India with a growing base in GCC countries. They are sold in over 8 countries and are manufactured across the globe including countries like South Korea, Italy, Spain, France, Germany and UAE.

While Lafz is the flagship premium brand crafted with traditional ingredients; ZM’s vegan, cruelty free, single ingredient positioning finds popularity among the youthful and aspirational.

Believe’s vision to create enduring brands consistent with consumers’ belief systems while ensuring highest efficacy, quality and uniqueness drives its success across distribution formats in the Middle East and Asia. This fundraise will catalyze consolidating market share in Bangladesh and India (via strategic acquisitions) while deepening reach in GCC and South East Asia (through both organic and inorganic growth) paving the path to becoming a large global CPG conglomerate.

Ankit Mahajan, CEO of Believe PTE Ltd said, “We have received tremendous consumer love all the way from launching our first product in 2019 to witnessing 2.5x growth in last 1 year. Our 2000+ family of happy Believers is our eyes and ears to the ground that help us be nimble and responsive to consumer needs. We have created a relentless marketing organization that has the ability to identify consumer needs, use of 12-member strong R&D expertise to make fantastic products and then put our international supply chain to deliver global standard products to countries across the world.”

IndigoEdge, Bangalore (India) headquartered investment bank focused on new age consumer brands was the sole advisor for this transaction.

Media contacts:
Adfactors PR:
Snigdha Nair, India: Snigdha.nair@adfactorspr.com
Namrata Sharma, Singapore: Namrata.sharma@adfactorspr.com