Taiwan's GLC in beauty and cosmetic industry, from salt to biotechnology

Taiwan veteran and most successful beauty and cosmetic brand is driven by private sector company call Sofnon. Sofnon own several international brand like New York Always Black , German Nobori, low cost product for teenages PLUS+ , and Italy in Ocean. Chairman,Champion Huang started the company in 1977.

In 2001, Taiyen or Taiwan Salt Industrial Corporation(A GLC) diversified to biotechnology and beauty and cosmetic industry. In 2003, the company has become a giant in beauty and cosmetic industry in Taiwan. Beauty and cosmetic industry become a strategic industry that promoted by Taiwan government. With low entry barrier lead to a number of new entrant in the industry.

To date, Sofnon and Taiyen remain the leader in the industry.

Bio Core Inc, one of the top three biotechnology company in US, invested 1.7 billion in Research and introduced Nano & Biotechnology series of Collagen products for medical treatment. Bio Core claim that there are the first company to obtain FDA approvals for sale of collagen based wound care products in it website.

Taiyen, uses Collagen products from Bio Core Inc and turn it into Pharmaceutical type products namely Medifil and Skin Temp II which are commonly use in the hospital for diabetic patient with chronic lesion and also burned patient for skin repair treatment respectively also known as skin grafting surgery.

The product is suitable for use on all kinds of cuts and wounds on the skin, such as burnt skin, scalded skin, difficult to heal wounds of diabetics patients. The result are exceedingly proven.

Taiyen together with Bio Core spent 1.5 billion to develop this technology.

International cosmetic brand Coco Chanel try to bid for the distribution right from Taiyen but Taiyen eventually grant the right to a direct selling company in Taiwan call Topoa.

The company have a series of product. However, their flagship product call Bio Collagen A+B Skin Repair Essence. A few of my friends used to spend RM5,000 for 5 treatment in beauty salon, this mean each treatment equivalent to RM1,000 but they never see their improvement on their skin after 5 treatment.

Most of my friends who spend just RM424 on the product claim that the result is much more visible after a few day. Their husband also claim that this low cost product is far more effective than the expensive treatment from beauty salon.

This is because the product developed using a technology use by pharmaceutical product to heal burn patient.

Technorati Tag: Cosmetic : Beauty :Malaysia: Health & wellness Biotechnology

Avon and Mary Kay

Avon and Mary Kay both are focus direct selling company beauty and cosmetic industry. Job or career opportunity to ladies are limited at the point of both company found. Thus, both company claim to be a job provider to ladies when job opportunity for lady is limited. Even now, both company also claim to be providing "business opportunity" for aspires lady enterpreneur.

Avon was founded by a guy call David H. McConnell in 1886 whereas Mary Kay was founded by a lady call Mary Kay in 1963.

In 1990, Avon was diversified to too many non core business and the company was in trouble. Amway, a health care direct selling company offer a take over bid to take over the management control of Avon. Later, Mary Kay, a much younger company also join in the bandwagon to bid for the company.

Avon rejected both deal, which they view as hostile take over. Avon claim thier company is disimilar with Amway as both company in different indsutry. Avon in beauty and cosmetic while Amway in health care nutrition industry.

Even with Mary Kay. Avon also claim their customer base is different from Mary Kay! Which until now I do not understand.

Avon, after divesting those non core business. Now become 6th largest beauty & cosmetic company in the world while I never saw Mary Kay on the top 10 list.

One of the ruling party in Malaysia UMNO, it Puteri UMNO division claim that majority of their member are unemployed. This is how serious our country unemployed rate especially among bumiputra lady graduate in Malaysia.

As both company Avon and Mary Kay have operation in Malaysia. And both company claim to provide "Business Opportunity" to lady. Perhaps unemployed lady graduate might approach one of the above company!


Tag: Cosmetic : Beauty:Health & wellness

From Char Kuay Teow to Bio-technology.

INS Bioscience Bhd published its prospectus yesterday,which will be listed on Mesdaq end of July 2005.

Datuk David Yeat Sew Chuong, never went to university, started as a hawker selling "char kuay teow". He later join a direct selling company on a part time basis.

He form his own direct selling company after that and nearly bankrupt once.

He venture into high-tech industry via become a distributor of Digital dictionary imported from Taiwan. The margin for Digital dictionary diminished when everybody enter this industry.

He then venture to sell wheat grass, INS wheat grass is the only branded wheat grass in Malaysia.

We have a lot of company venture into healthcare product. A few even have listed on bursa Malaysia. But only a few invested in Research & Development(R&D) or bio-technology. Majority of them are marketing orientated company rather than R&D driven company.

With the listing of INS Bioscience Bhd on Mesdaq as a bio-technology company. He is one of the rising star in our country bio-technology industry.

Without any tertiary qualification. A person can become a successfully entrepreneur, techpreneur or bio-techpreneur.

What are you waiting for if you are a graduate?


Technorati Tag: Biotechnology > Health & wellness