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Quadpack sets its sights on China with Yuga partnership
2021-03-26

For immediate release
23 February 2021


Quadpack sets its sights on China with Yuga partnership


QLine packaging range to meet demand for ‘Made in Europe’ solutions by major Chinese beauty brands


The growth of the Chinese cosmetics industry has prompted international beauty packaging manufacturer and provider Quadpack to commence a commercial push into the domestic market. An agreement with long-term partner Yuga, based near Shanghai, will allow Quadpack to offer its QLine range to brands seeking the quality, performance and distinction of products ‘Made in Europe’.

The move into China is part of Quadpack’s 2020-2025 business strategy, which sets out growth plans in each of its key territories of EMEA, the Americas and the Asia-Pacific region. It follows last year’s opening of a sales office in Japan and the appointment of Raj Savji as Managing Director – Asia Pacific, to develop Quadpack’s presence in the region.

“China’s domestic beauty market is worth €52.5 billion and growing fast. What’s more, it has shown itself to be incredibly resilient. Since the outbreak of COVID-19 and the subsequent downturn, China has been the first to recover. The market is mature and our products are a great fit. We are fortunate to be able to build on our partnership with Yuga – a relationship based on high levels of trust, shared values and proven results – to accelerate our entry into this market,” said Savji.

Beauty packaging manufacturer Yuga has been an official supply partner for Quadpack since 2010 and produces a number of QLine references, as well as bespoke projects. Now, Yuga’s commercial team will sell the QLine portfolio in its home territory, starting with the skincare and make-up ranges, as well as solutions in wood and Sulapac®, an eco-safe biocomposite material.

QLine is Quadpack’s portfolio of smart, modular packaging solutions, conceived, designed and engineered in Europe. The products are made at its Louvrette factory in Germany and the Quadpack Wood factory in Spain, as well as at the facilities of selected regional partners like Yuga. With Yuga’s industrial capacity, components can be stocked, assembled and decorated locally. This inherent flexibility of manufacture and supply allows Quadpack to remain agile and deliver solutions in the region, for the region.     
  
     Yuga CEO Victor Wu said: “It’s a case of one plus one equalling greater than two. Just as Quadpack has extended our reach globally, our facilities can support Quadpack’s growth. We also have 20 years of experience and a strong network in China and we are excited to introduce the QLine portfolio to local brands. The larger brands are going global and looking for high-end packaging solutions, particularly in the skincare segment. Those that are of European origin are sought-after commodities.”

Yuga has started promoting the QLine make-up range and will extend to skincare from April.

–ENDS–



Photo caption: Victor Wu, Yuga CEO (left), and Raj Savji, Quadpack Managing Director – Asia Pacific.



About Yuga
Yuga Group is a manufacturer and provider of packaging solutions for cosmetics companies. Established in 2003 and headquartered in Suzhou City, China, the company has a national sales network and four factories (located in Eastern and Southern China) dedicated to injection moulding and aluminium processing. 'Crafting for Beauty' is Yuga’s slogan, as it has a craftmanship spirit putting quality as one of its top priorities when it comes to R&D and manufacturing. For more information, please visit
www.yuga-tech.com   


About Quadpack
Quadpack is an international manufacturer and provider of enhanced packaging solutions for beauty brand owners and contract fillers. With offices and production facilities in Europe, the US and the Asia Pacific region, and a strategic network of manufacturing partners, Quadpack develops bespoke and customised packs for prestige, masstige and mass market customers. Listed on Euronext Growth in Paris since October 2019, Quadpack relies on a workforce of 600 people to build a more sustainable world. For more information, please visit
www.quadpack.com

 



Contact details   
Mariam Khan
Quadpack press office
Summit Media Services
mariam@summitmediaservices.com
Tel: +34 93 265 4463


Legal notice
This document contains forward-looking statements about Quadpack’s business, financial data, and events related to the company’s prospects. These forecasts can be identified by the use of words such as ‘estimated’, ‘plan’, ‘expectation’ or words with a similar meaning. Quadpack may also make projections in other reports, presentations and press releases. Furthermore, the company’s representatives may occasionally make forward-looking statements. These projections are based on current expectations and on certain hypotheses, many of which are beyond the company’s control and subject to a series of risks and uncertainties. In the event that any of these risks or uncertainties should materialise or the underlying expectations are not fulfilled, the results or performance of Quadpack may differ (either positively or negatively) from those explicitly or implicitly forecast. Quadpack assumes no obligation to update or revise any forward-looking statements made previously.

 

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