Cosmax NBT/Bio Receives Export Tower Side by Side, Contributing to Export of K-Dry Food
Cosmax Group has been recognized for its export competitiveness by contributing to the overseas expansion of K-dry food. Cosmax NBT and Cosmax Bio, the health functional food ODM (research, development, and production) companies within the group, won '70 million export tower' and '5 million export tower' respectively, proving their performance in the global market.
Cosmax NBT announced on the 8th that it won the $70 million Export Tower at the commemorative ceremony of the 62nd Trade Day held at COEX in Samseong-dong, Seoul on the 4th.
Cosmax NBT is promoting the K dry season to the global market based on global supply chain construction and technology differentiation in four countries: Korea, China, the United States, and Australia. Currently, it has expanded its supply chain to more than 300 customers in 32 countries, raising its share of overseas sales from 62% in 2022 to more than 70% this year. As a result, direct export performance was only $569,000 in 2022, but it recorded $7.11 million from July last year to June this year. In addition to indirect exports through customer companies, it won the $70 million export tower for the first time in seven years since it won the $50 million export tower in 2018.
Along with winning the Top of Export, Kim Nam-joong, CEO of Cosmax NBT, received a commendation from the Minister of Trade, Industry and Energy. CEO Kim Nam-joong was recognized for strengthening export competitiveness by leading the development of innovative formulations such as △ Ministry of Trade, Industry and Energy's digital innovation mid-sized company project △ Building a big data-based prescription automation system △ Ultra-small formulation 'Adam'.
Cosmax Bio won the $5 million export tower and the Korea International Trade Association's commendation at the awards ceremony.
Cosmax Bio is rapidly expanding its export base by strengthening its dedicated overseas organization and expanding its global sales. Export performance, which was around $700,000 in 2022, surged to $5.41 million from July last year to June this year. While creating more than 50% of all exports in the Chinese market, it is expanding its export countries to the United States, Vietnam, Indonesia, and Kazakhstan.
Cosmax Bio is supplying products that meet local trends in overseas markets based on its wide range of formulation technology, such as developing stick-type jelly dry food for the first time in Korea. It also continues to invest in technology and quality-based research such as developing innovative formulations such as 'EasyBid' and 'SomTap', halal certification, and Australian TGA certification.
Cosmax NBT announced on the 8th that it won the $70 million Export Tower at the commemorative ceremony of the 62nd Trade Day held at COEX in Samseong-dong, Seoul on the 4th.
Cosmax NBT is promoting the K dry season to the global market based on global supply chain construction and technology differentiation in four countries: Korea, China, the United States, and Australia. Currently, it has expanded its supply chain to more than 300 customers in 32 countries, raising its share of overseas sales from 62% in 2022 to more than 70% this year. As a result, direct export performance was only $569,000 in 2022, but it recorded $7.11 million from July last year to June this year. In addition to indirect exports through customer companies, it won the $70 million export tower for the first time in seven years since it won the $50 million export tower in 2018.
Along with winning the Top of Export, Kim Nam-joong, CEO of Cosmax NBT, received a commendation from the Minister of Trade, Industry and Energy. CEO Kim Nam-joong was recognized for strengthening export competitiveness by leading the development of innovative formulations such as △ Ministry of Trade, Industry and Energy's digital innovation mid-sized company project △ Building a big data-based prescription automation system △ Ultra-small formulation 'Adam'.
Cosmax Bio won the $5 million export tower and the Korea International Trade Association's commendation at the awards ceremony.
Cosmax Bio is rapidly expanding its export base by strengthening its dedicated overseas organization and expanding its global sales. Export performance, which was around $700,000 in 2022, surged to $5.41 million from July last year to June this year. While creating more than 50% of all exports in the Chinese market, it is expanding its export countries to the United States, Vietnam, Indonesia, and Kazakhstan.
Cosmax Bio is supplying products that meet local trends in overseas markets based on its wide range of formulation technology, such as developing stick-type jelly dry food for the first time in Korea. It also continues to invest in technology and quality-based research such as developing innovative formulations such as 'EasyBid' and 'SomTap', halal certification, and Australian TGA certification.
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This article was translated by Naver AI translator.
