COMPANY NEWS

Korean airless manufacturer Yonwoo has made an $8m investment to expand its production capability in anticipation of increased demand. The company’s unrelenting growth has led the Korean government to confer it World Class 300 status in recognition of its international success.

With 28% average yearly growth rates over the past decade, Yonwoo relies on R&D and aggressive investment to cope with rises in demand. Its current forecasts triggered the construction of two new buildings housing automated production lines with 18 high-speed injection moulding machines.

This consistent ability to meet demand, coupled with an unrivalled distribution network, has made Yonwoo the leading airless manufacturer in Korea, if not worldwide. The Korean Ministry of Knowledge Economy has consequently selected Yonwoo as one of the 300 companies that are considered number one in their industry. Yonwoo was the Ministry’s sole choice in the packaging category. It will now enjoy government support in terms of finance, human resources and publicity.

Yonwoo export sales manager Daniel Cha said: “One of the competencies the government evaluated was sales and marketing power. They saw our international sales network – this is one of the great advantages we have – and this contributed greatly towards our selection. All of us are now congratulating ourselves on having Quadpack as our partner.”

Quadpack is the exclusive distributor of Yonwoo in Europe.