Monday, September 23, 2019

Korean Cosmetics Manufacturer to Build North American HQ in Lackawanna County

Pennsylvania Gov. Tom Wolf reported on Friday that a Korean cosmetics manufacturer has plans to expand its operations here and create 280 new jobs.

Seokoh, Inc., owned by Kolmar Korea, currently owns a 70,000-square-foot facility and leases three other facilities. The company will purchase two adjoining sites next to its current manufacturing facility in the Scott Technology Park to construct a new 200,000-square-foot facility, state officials said.
The company will also renovate its current manufacturing facility and purchase new equipment to provide for streamlined operations and future growth. The firm will invest $27.9 million into the project, and has committed to create at least 280 new, full-time jobs and retain 290 existing jobs over the next three years.

“This expansion project is planned to be the location of the company’s North American headquarters, adding ‘beyond continents’ to ‘beyond science, beyond inside, beyond Kolmar… for an ever changing and evolving Kolmar Korea’,” said Jason Lee, director, North American Business Division of Kolmar Korea.
Seokoh is a contract manufacturer and filler of premium cosmetics and personal care products. Seokoh and its affiliates/subsidiaries offer full concept-to-shelf services including product formulation and development, color matching, manufacturing, filling and ingredient and packaging sourcing.

Seokoh received a funding proposal from the Pennsylvania Department of Community and Economic Development for a $126,000 workforce development grant to help the company train its existing workers and $480,000 in Job Creation Tax Credits to be distributed upon creation of the new jobs.

The company was also encouraged to apply for a $7.25-million loan from the Pennsylvania Industrial Development Authority (PIDA). The project was coordinated by the Governor’s Action Team.

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