South Korean cosmetics company is closing its Solon factory and offices, eliminating 122 local jobs

SOLON, OHIO — South Korean corporation Cosmax United states will shut its factory and places of work in Solon seven many years soon after their grand opening.

When the manufacturing unit opened in January 2015 it was the company’s to start with American manufacturing unit, opening in what made use of to be a L’Oreal shampoo manufacturing unit on at 30701 Carter St. in Solon. The closing will lead to 122 personnel getting rid of their careers, according to a point out submitting.

The manufacturing unit will start off removing positions on Sept. 30 and will do so every week until Jan. 31, when the plant will be fully closed. Cosmax United states of america specific the closing in a letter to the Ohio Division of Work and Loved ones Products and services. Firms are essential to notify state and regional governments about mass layoffs when they satisfy sure requirements.

A cleveland.com reporter has attained out to Cosmax United states of america for remark.

Sok-Min Yu, chief govt of Cosmax Usa when the factory opened, explained in 2015 that the enterprise invested $28 million to convert and renovate the 330,000-sq.-foot former shampoo factory into a condition-of-the-art facility in particular geared up to produce lipstick, foundation, eye shadow, blush and moisturizer.

Cosmax is an first design and style manufacturer that develops and provides beauty products for other providers, which then sell them under diverse brand name names.

The business also has a exploration heart in New Jersey. Cosmax bought a different U.S.-primarily based cosmetics manufacturer, Nuworld, in 2017. It also has a nutritional nutritional supplement manufacturing facility in Texas beneath the CosmaxNBT name.