10.02.14
MEXICO: AAK Personal Care has expanded its global distributor network with ABA Mexico. According to Minna Dam, global director at AAK Personal Care, ABA Mexico S.A. de C. V. “Fit into our distributor network since they too are specialized on bioactives and functional ingredients.”
ABA was established in 1996 and its office is located in the city of Cuernavaca, which is south of Mexico City. Their core business is to import and distribute bioactives and other raw materials for the cosmetic industry in Mexico.
The Mexican cosmetic industry amounts to approximately $9 billion per year, which ranks as the second largest in Latin America (after Brazil). In 2013, market growth was 5% and this year’s forecast is at the same level.
“Our goal is to gain market share in Mexico. Right now we are in the planning phase of several activities together with ABA in the autumn,” added Dam.
ABA Mexico is AAK Personal Care’s second new distributor in 2014. Earlier this year the cooperation with Anshul Life Sciences for distribution in India was announced.
ABA was established in 1996 and its office is located in the city of Cuernavaca, which is south of Mexico City. Their core business is to import and distribute bioactives and other raw materials for the cosmetic industry in Mexico.
The Mexican cosmetic industry amounts to approximately $9 billion per year, which ranks as the second largest in Latin America (after Brazil). In 2013, market growth was 5% and this year’s forecast is at the same level.
“Our goal is to gain market share in Mexico. Right now we are in the planning phase of several activities together with ABA in the autumn,” added Dam.
ABA Mexico is AAK Personal Care’s second new distributor in 2014. Earlier this year the cooperation with Anshul Life Sciences for distribution in India was announced.