July 13, 2005
Taiwan Salt Co. is investing
NTD 82 million in the construction of a biotechnology research and development center in the Tainan Technology Industrial Park. Already a major player on the domestic cosmetics market, Taiwan Salt will use the
R&D center to help it become a leading global cosmetics company.
Construction of the center commenced in mid June and it is expected to begin operations in March 2006. Along with Taiwan Salt's two biotech plants, the center will help the company shorten the time it takes to get its products from the development phase to the market.
Taiwan Salt has invested aggressively in biotechnology in recent years. Its collagen biomedical materials plant provides collagen materials for medical products and medicinal beauty products. The company's collagen-based cosmetics are among the most popular in Taiwan. Taiwan Salt also has a fermentation plant that produces microbial agents for healthcare products and foods. It has invested
NTD 500 million in these two Tainan-based plants.
Hoping to further boost the popularity of its cosmetics in Taiwan, Taiwan Salt recently hired two of Taiwan's top models at spokeswomen. Taiwan Salt is a former state-run enterprise that has made great strides towards modernization and diversification. It was listed on the Taiwan Stock Exchange in November 2003.
Taiwan's cosmetic market has an annual value of
NTD 60 billion.
(United Daily News)
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