Banseog note · Oct 25, 2026
Kolmar BNH — expanded plants turning into profit, and a move into oral care
- Where it stands now
- Harvest and expansion — the effect of the Sejong Plant 3 expansion is showing up in profit while new business areas are added
In the first half of 2026 separate revenue was KRW 245.4 billion (+8.1%) and operating profit KRW 20.6 billion (+46.7%). The company cited process stabilization at expanded facilities such as Sejong Plant 3.
Consolidated operating profit in the first quarter of 2026 was KRW 10.3 billion, up 189% from a year earlier, reflecting broader product ranges from global clients and new customers.
- Three decisions within a year
- Change in management structure: in April 2026 the company moved to a sole chief executive structure under Lee Seung-hwa.
- Entry into oral care: the company will invest KRW 20.0 billion in a newly established subsidiary, 'Kolmar Orals', and take over Kolmar Korea's toothpaste business (announced in August 2026).
- Global ODM and new retail channels: in September 2026 it presented customized health functional foods at 'Vitafoods Asia 2026' in Thailand, and in Korea it newly entered Olive Young and warehouse-style pharmacies.
- Three people it will look for
- Oral care R&D and production — the acquired toothpaste business has to be built anew at Kolmar Orals
- Global ODM sales — interest from Asia-Pacific clients needs to be turned into actual orders
- Production engineering and process manager — utilization of the expanded facilities determines profit
- For HR
- Health functional food and cosmetics ODM companies vie for the same R&D and sales people. Now, as the toothpaste business is being taken over, is the time to secure people with oral care experience.
- For job seekers
- Experience handling overseas clients at a health functional food or household goods ODM, or stabilizing new plant equipment, is worth the most right now.
A reading written from public sources. Sources: Etoday 2026-07-30 (first-half results), 2026-05-12 (first-quarter results), 2026-04-16 (sole chief executive structure), 2026-08-13 (Kolmar Orals), 2026-09-07 (Vitafoods Asia). Team size is from Korea's pension register.