12.27.16
SOUTH KOREA: Farouk Systems, Inc., Houston, has announced a joint venture with LG Household and Health Care, Ltd., Seoul. The JV will be a co-owned South Korean corporation named LG Farouk Co.
LG Farouk Co. will bring the latest technology and advancements to the beauty industry. It will establish a manufacturing facility in Korea to better serve distribution channels in Asia. Each company will combine their expertise in technology and product formulations to deliver new product concepts, said the firms.
Farouk Systems will also distribute LG Household and Health Care’s skin care brands through its worldwide distribution channels in the professional salon industry. The lines will include existing products with an expansion plan to include anti-aging and hydrating skin care as well as technologically advanced devices.
“This union will not only provide a new form of science from LG but a fresher approach combining art and innovation that Farouk Systems is famous for. Together, we will be able to create and manufacture a whole new future of technology for the beauty industry,” said Dr. Farouk Shami.
LG Farouk Co. will bring the latest technology and advancements to the beauty industry. It will establish a manufacturing facility in Korea to better serve distribution channels in Asia. Each company will combine their expertise in technology and product formulations to deliver new product concepts, said the firms.
Farouk Systems will also distribute LG Household and Health Care’s skin care brands through its worldwide distribution channels in the professional salon industry. The lines will include existing products with an expansion plan to include anti-aging and hydrating skin care as well as technologically advanced devices.
“This union will not only provide a new form of science from LG but a fresher approach combining art and innovation that Farouk Systems is famous for. Together, we will be able to create and manufacture a whole new future of technology for the beauty industry,” said Dr. Farouk Shami.
