Core Viewpoint - The collaboration between Jiangsu Provincial Drug Administration and Taicang Municipal Government aims to establish Jiangsu's "Beauty Harbor" and support the high-quality development of the beauty industry [1] Group 1: Industry Development - The event marked the unveiling of a one-stop service window for cosmetic filing and review in Taicang, facilitating the development of Jiangsu's beauty industry [1] - Taicang has introduced five initiatives to develop the "Beauty Harbor" and launched the Jiangsu "Beauty Harbor" industry fund [1] - The Taicang Biotech Park for the beauty industry has opened and welcomed its first batch of projects [1] Group 2: Market Statistics - Suzhou is accelerating the development of the "beautiful economy," with 82 cosmetic production enterprises [1] - The total industrial output value of cosmetics in Suzhou is projected to reach 15 billion yuan in 2024, ranking first in the province [1] - As of July this year, Taicang has 7 cosmetic production enterprises, with 6 located in the Taicang Port area, including brands like Procter & Gamble's Rejoice and Pantene, Reckitt's Dettol, and Henkel's Schwarzkopf and Syoss [1] - Taicang's beauty industry has significantly contributed to Suzhou, accounting for over 25% of the annual output value and over 70% of the tax revenue [1]

Core Insights - Henkel's consumer brands have initiated the second phase of their factory expansion in Taicang, China, aiming to establish a modern production base that serves as a strategic cornerstone for the company in China and the Asia-Pacific region [1] Company Overview - Henkel Group, a global leader with over 140 years of history, is a Fortune 500 company known for its well-recognized brands such as Schwarzkopf and Syoss in the Chinese market [1] - The company launched its consumer brands factory in China in March this year, and six months later, it is further investing in the Taicang area with the new phase of construction [1] Expansion Details - The expansion project will enhance the production capacity of the Taicang factory by adding new land and advanced equipment, including support for the full line of Sassoon hair care products [1] - The favorable logistics and talent pool in Taicang are seen as foundational elements for the company's growth in the region [1] Market Strategy - Henkel expresses confidence in the potential and future development of the Chinese market, planning to make the Taicang factory a core base for serving the Chinese market and exporting hair care products to Japan and South Korea [1] - The company aims to continuously expand its influence in the Asia-Pacific region through this strategic investment [1]