HCP Holdings Actively Expands Global Deployment of Cosmetic Packaging Materials Biz

Taipei, Dec. 23, 2009 (CENS)--With global economy gradually turning around, HCP Holdings Inc., a supplier of cosmetic packaging materials, will step up acquisition deals and new plant construction overseas in 2010, in a bid to outdo rivals with more global deployments, according to the firm.

HCP was founded in 1961 in Taichung County, central Taiwan and switched its business operations to China in 1989. Presently, the firm owns several production plants in the U.S. and China as the third-largest supplier of its kind in the world, trailing ALCAN and REXAM, with a number of globally famous cosmetic brands on its client list. Noteworthy is that the firm is considering applying for being listed on Taiwan's OTC (over the counter) securities market.

To further boost its share of the global market for cosmetic packaging materials, HCP Holdings has been in talks with several companies in the line on acquisition deals, expecting to conclude the first deal in the second quarter of 2010. The acquisitions will help the firm build a wider production network worldwide.

In fact, the firm acquired the U.S.-based BMG in 2004, thus obtaining the technologies for the development and production of eyebrow brushes. This made the HCP the only Taiwanese maker in its line to have international acquisition experience.

In the meantime, the firm will complete construction of a brand new production plant in Mexico by the end of February 2010, and will then move to build another one in Europe, in an effort to tap the East European market.

The firm scored sales revenue of NT$3.069 billion (US$94.4 million at US$1: NT$32.5) and EPS of NT$3.34 in 2007, and the figures surged to NT$4.237 billion (US$130.36 million) and NT$5.57, respectively, in 2008.