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Fenty helps make Rihanna a billionaire

The beauty industry is booming, with clean and inclusive lines driving new business. Which beauty stocks can go the distance in this competitive space?
The post Fenty helps make Rihanna a billionaire appeared first on Value the Markets.

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What Rihanna’s new billionaire status means for the beauty industry

Rihanna is officially the world’s wealthiest female musician and the second richest female entertainer in the world, second only to Oprah. In fact, Barbadian singer Robyn Rihanna Fenty is now worth a staggering $1.7bn.

But it’s not her tuneful talent that got her to the dizzy heights of self-made billionaire. It’s her beauty line. Fenty Beauty contributes a whopping $1.4bn to her self-worth, and she retains a 50% stake.

What’s more, Rihanna only launched Fenty Beauty in 2017, making her fast-track route to billionaire status even more impressive.

Her 50% partner is luxury brand powerhouse LVMH Moet Hennessy Louis Vuitton (EPA: MC, BIT: LVMH).

LVMH is owned by one of the world’s wealthiest individuals Bernard Arnault.

What makes Fenty Beauty so great?

Rihanna launched Fenty Beauty to create cosmetics tailored to skin tones often overlooked by the industry.

With inclusivity its aim, it immediately gained traction. Joining forces with LVMH proved a shrewd move as launching via such a prominent platform provided an incredible springboard to success.

Fenty Beauty products are sold online and through LVMH owned Sephora stores. Within no time, its sought-after range was outselling the Kardashian sisters’ beauty lines and the similarly-minded Honest company range run by fellow actress Jessica Alba.

How does the Cosmetics industry fare as an investment proposition?

As Rihanna has shown, cosmetics are big business, and with our technologically connected world, this shows no sign of slowing down.

Looking presentable from dawn to dusk has taken on a new urgency as even children feel the pressure to be selfie-ready.

Cashing in on vanity goes back to the eighteenth century and is now one of the most profitable industries on the planet.

According to Allied Market Research, the global cosmetics market size is projected to reach $463.5bn by 2027, registering a compound annual growth rate (CAGR) of 5.3% between now and then.

Lifestyle changes, such as working from home change the nature of skincare and beauty routines.

Mask wearing could reduce the amount of make-up being worn by some, while an increase in face-to-face virtual meetings could increase makeup consumption for others.

Meanwhile, the acceleration in digitalisation and e-commerce is bringing more opportunities to the sector.

Cosmetics industry deep dive

Fenty Beauty is a privately held company, but to access it, you could buy shares in LVMH.

LVMH

LVMH Moet Hennessy Louis Vuitton (EPA: MC) Is a luxury products company selling world-famous champagnes, wines, and spirits including Dom Pérignon, Glenmorangie, Hennessy, Krug, Mercier, Moët & Chandon, Veuve Clicquot, as well as some of the world’s most prestigious fashion labels such as Christian Dior and Gucci. In addition to Fenty Beauty, it also sells many illustrious beauty brands such as Benefit Cosmetics and Guerlain.

LVMH has a €353bn market cap, total debt is €38bn, while cash and equivalents are €8.7bn. Meanwhile, the short interest on this stock is negligible.

LVMH has a forward P/E of 33. It also offers shareholders a 0.85% dividend yield.

Analyst consensus on this stock is a 12-month average share price target of €734.79. That gives a potential 4.7% upside.

LVMH stock appears in 98 exchange-traded funds (ETFs).

Estée Lauder Companies Inc

Estée Lauder Companies Inc. (NYSE: EL) manufactures and markets skincare, makeup, fragrance, and hair care products.

EL has a $118bn market cap, total debt is $8.5bn, while cash and equivalents are $6.4bn. Meanwhile, the short interest on this stock is 0.5%.

Estée Lauder has a forward P/E of 47. It also offers shareholders a 0.65% dividend yield.

EL displays EPS growth of 8% TTM, and its 2021 consensus average EPS forecast is $6.18.

Analyst consensus on this stock is a 12-month average share price target of $341.13. That gives a potential 4% upside.

EL stock appears in 191 exchange-traded funds (ETFs).

In the past year, Estee Lauder has navigated the shift from physical retail to e-commerce. It has embraced the virtual and tech worlds by implementing virtual try-ons and connecting beauty experts with consumers in real-time via social media.

All in all, Estée Lauder appears to have its finger on the pulse.

L’Oreal

L’Oreal (EPA: OR) is the world’s largest beauty company. The French conglomerate includes subsidiaries Maybelline, Kiehl’s, and NYX.

OR stock has a €222bn market cap, total debt is €2.4bn, while cash and equivalents are €4.8bn.

L’Oreal has a forward P/E of 44. It also offers shareholders a 1% dividend yield.

OR displays an estimated long-term growth rate of 10.6%, and its 2021 consensus average EPS forecast is €8.43.

Analyst consensus on this stock is a 12-month average share price target of €376.85. That gives a bearish average with a 4.5% downside.

OR stock appears in 112 exchange-traded funds (ETFs).

For long-term shareholders, L’Oreal offers a loyalty bonus of 10%. This bonus is paid on your dividend income after two years or more as a shareholder.

COTY

COTY (NYSE: COTY) manufactures and distributes cosmetics and beauty products worldwide. It is also the global leader in fragrances. Rimmel, Bourjois, Max Factor, and Sally Hansen all come under the COTY banner.

In recent news, COTY is rolling out digitally-enabled touch-less fragrance testing devices to allow consumers to sample new perfumes in a post-covid world. French start-up Everie is behind the innovation, and these smart devices will also serve real-time data to retailers to help them optimize in-store positioning and customer experience.

In June it relaunched Kylie Cosmetics with new and improved clean and vegan formulas.

COTY has a $6.4bn market cap, total debt is $5.74bn, while cash and equivalents are $315m. Meanwhile, the short interest on this stock is 2.2%.

COTY has a forward P/E of 71.8. The cosmetics giant doesn’t offer shareholders a dividend.

Analyst consensus on this stock is a 12-month average share price target of $10.26. That gives a potential 20% upside.

COTY stock appears in 82 exchange-traded funds (ETFs).

All-in-all, COTY is a global powerhouse with a lot to like. Nevertheless, its forward P/E is high, as is its debt.

Nu Skin Enterprises

Nu Skin Enterprises (NYSE: NUS) develops and distributes personal care and wellness products worldwide.

NUS stock has a $2.7bn market cap, total debt is $587m, while cash and equivalents are $379m. Meanwhile, the short interest on this stock is 4.8%.

Nu Skin Enterprises has a forward P/E of 11. It also offers shareholders a 2.8% dividend yield.

NUS stock displays an estimated long-term growth rate of 6.8%, and its 2021 consensus average EPS forecast is $4.41.

Analyst consensus on this stock is a 12-month average share price target of $64.20. That gives a potential 19.6% upside.

NUS stock appears in 128 exchange-traded funds (ETFs).

Revlon

Revlon (NYSE: REV) is a famous American beauty line selling brands like Elizabeth Arden and Cutex.

REV has a $610m market cap, total debt is $3.3bn, while cash and equivalents are $85m. Meanwhile, the short interest on this stock is 3%.

REV has been displaying negative revenue growth for the past three years.

Analysts are bearish on the stock with a 12-month average share price target of $11, around 8% lower than today.

REV stock appears in 21 exchange-traded funds (ETFs).

Not all beauty brands are a good investment. Revlon is struggling under a pile of debt which makes it a riskier play.

Nevertheless, its Q2 revenues beat market expectations, and it does enjoy revenue of nearly £1.5bn.

Revlon has been subject to the ‘short squeeze’ treatment by meme stock traders this year.

THG

The Hut Group (LON: THG) in London has grown its hot beauty brands portfolio. THG operates a popular beauty box subscription business, and its latest acquisition is Cult Beauty.

THG has a £6.5bn market cap. It launched publicly via IPO last year and has an aggressive approach to scale.

Analyst consensus on this stock sees a potential 46% upside on the current share price.

THG stock appears in 27 exchange-traded funds (ETFs).

MAV Beauty Brands Inc

MAV Beauty Brands (TSX: MAV) is a small Canadian company operating in the global beauty industry.

MAV has a $143m market cap, total debt is $184m, while cash and equivalents are $22.8m.

MAV Beauty Brands has a forward P/E of 7.

MAV has an estimated long-term growth rate of 34%, and its 2021 consensus average EPS forecast is $0.37.

Analyst consensus on this stock is a 12-month average share price target of $4.55. That gives a potential 44% upside.

MAV stock appears in 1 ETF.

There are many more potential beauty industry investments to consider. Ulta Beauty (NASDAQ: ULTA), E.L.F Beauty Inc (NYSE: ELF), The Honest Company (NASDAQ: HNST), Edgewell Personal Care Company (NYSE: EPC), Kao Corporation (OTCMKTS: KAOOY), and The Procter and Gamble Company (NYSE: PG), to name a few.

Private Equity likes the beauty sector

The profitability of the beauty sector hasn’t gone unnoticed in Private Equity.

In April, Carlyle Group took a significant stake in US direct-to-consumer start-up Beautycounter. This deal gave the parent company of the clean cosmetics innovator a $1bn valuation and unicorn status.

Last year, Spanish firm Puig bought a majority stake in Britain’s iconic luxury makeup and skincare brand Charlotte Tilbury. It followed this by purchasing Derma in January 2021.

More recently, American PE firm KKR acquired a majority stake in Vini Cosmetics, a leading Indian beauty products company. It reported that KKR paid $625m for a 55% stake, thus giving Vini Cosmetics a $1.1bn valuation.

Meanwhile, AUA Private Equity Partners has established Profectus Beauty to invest in Hispanic beauty firms.

There are also side industries springing up. Finnish start-up Innomost raised €5m to expand its birch bark sustainable ingredient business to new markets. This is touted as an environmentally friendly alternative to palm oil, fossil fuels, and food-origin ingredients.

The beauty industry is vast but hugely competitive.

Specialty beauty faced challenges at the height of the pandemic but is bouncing back nicely as pent-up demand is strong.

According to research group NPD, Q2 2021 sales of US prestige beauty products almost reached $4.9bn, up 66% year-over-year and a 6% rise on Q2 2019. Makeup sales led the way, followed by Skincare, Fragrance, and Haircare.

Recent years have seen a trend shift in the beauty industry as climate change initiatives drive transparency and equality drives inclusivity. These USPs are tailor-made for influencers across social media, channeling the narratives.

Meanwhile, the big brands and savvy start-ups are pedaling an abundance of new lines complete with clearer product labeling and natural ingredients.

The pandemic accelerated the shift to e-commerce, and many mainstream beauty majors have seen their share prices soar. While this is great news for shareholders, analysts are divided on whether the party can last.

With beauty start-ups achieving outsized valuations in record time, it seems the trend may be heading for a steep fall.

Indeed, many of these companies sport exceptionally high price-to-earnings ratios, which could prove challenging to reduce. However, the top dogs are no strangers to M&A, and in a world where the strong get stronger, it seems betting on the leaders may prove the winning strategy.

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Health Officials: Man Dies From Bubonic Plague In New Mexico

Health Officials: Man Dies From Bubonic Plague In New Mexico

Authored by Jack Phillips via The Epoch Times (emphasis ours),

Officials in…

Published

6 hours ago

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March 13, 2024

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Health Officials: Man Dies From Bubonic Plague In New Mexico

Authored by Jack Phillips via The Epoch Times (emphasis ours),

Officials in New Mexico confirmed that a resident died from the plague in the United States’ first fatal case in several years.

A bubonic plague smear, prepared from a lymph removed from an adenopathic lymph node, or bubo, of a plague patient, demonstrates the presence of the Yersinia pestis bacteria that causes the plague in this undated photo. (Centers for Disease Control and Prevention/Getty Images)

The New Mexico Department of Health, in a statement, said that a man in Lincoln County “succumbed to the plague.” The man, who was not identified, was hospitalized before his death, officials said.

They further noted that it is the first human case of plague in New Mexico since 2021 and also the first death since 2020, according to the statement. No other details were provided, including how the disease spread to the man.

The agency is now doing outreach in Lincoln County, while “an environmental assessment will also be conducted in the community to look for ongoing risk,” the statement continued.

“This tragic incident serves as a clear reminder of the threat posed by this ancient disease and emphasizes the need for heightened community awareness and proactive measures to prevent its spread,” the agency said.

A bacterial disease that spreads via rodents, it is generally spread to people through the bites of infected fleas. The plague, known as the black death or the bubonic plague, can spread by contact with infected animals such as rodents, pets, or wildlife.

The New Mexico Health Department statement said that pets such as dogs and cats that roam and hunt can bring infected fleas back into homes and put residents at risk.

Officials warned people in the area to “avoid sick or dead rodents and rabbits, and their nests and burrows” and to “prevent pets from roaming and hunting.”

“Talk to your veterinarian about using an appropriate flea control product on your pets as not all products are safe for cats, dogs or your children” and “have sick pets examined promptly by a veterinarian,” it added.

“See your doctor about any unexplained illness involving a sudden and severe fever, the statement continued, adding that locals should clean areas around their home that could house rodents like wood piles, junk piles, old vehicles, and brush piles.

The plague, which is spread by the bacteria Yersinia pestis, famously caused the deaths of an estimated hundreds of millions of Europeans in the 14th and 15th centuries following the Mongol invasions. In that pandemic, the bacteria spread via fleas on black rats, which historians say was not known by the people at the time.

Other outbreaks of the plague, such as the Plague of Justinian in the 6th century, are also believed to have killed about one-fifth of the population of the Byzantine Empire, according to historical records and accounts. In 2013, researchers said the Justinian plague was also caused by the Yersinia pestis bacteria.

But in the United States, it is considered a rare disease and usually occurs only in several countries worldwide. Generally, according to the Mayo Clinic, the bacteria affects only a few people in U.S. rural areas in Western states.

Recent cases have occurred mainly in Africa, Asia, and Latin America. Countries with frequent plague cases include Madagascar, the Democratic Republic of Congo, and Peru, the clinic says. There were multiple cases of plague reported in Inner Mongolia, China, in recent years, too.

Symptoms

Symptoms of a bubonic plague infection include headache, chills, fever, and weakness. Health officials say it can usually cause a painful swelling of lymph nodes in the groin, armpit, or neck areas. The swelling usually occurs within about two to eight days.

The disease can generally be treated with antibiotics, but it is usually deadly when not treated, the Mayo Clinic website says.

“Plague is considered a potential bioweapon. The U.S. government has plans and treatments in place if the disease is used as a weapon,” the website also says.

According to data from the U.S. Centers for Disease Control and Prevention, the last time that plague deaths were reported in the United States was in 2020 when two people died.

Tyler Durden Wed, 03/13/2024 - 21:40

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I created a ‘cosy game’ – and learned how they can change players’ lives

Cosy, personal games, as I discovered, can change the lives of the people who make them and those who play them.

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15 hours ago

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March 13, 2024

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Cosy games exploded in popularity during the pandemic. Takoyaki Tech/Shutterstock

The COVID pandemic transformed our lives in ways many of us are still experiencing, four years later. One of these changes was the significant uptake in gaming as a hobby, chief among them being “cosy games” like Animal Crossing: New Horizons (2020).

Players sought comfort in these wholesome virtual worlds, many of which allowed them to socialise from the safety of their homes. Cosy games, with their comforting atmospheres, absence of winning or losing, simple gameplay, and often heartwarming storylines provided a perfect entry point for a new hobby. They also offered predictability and certainty at a time when there wasn’t much to go around.

Cosy games are often made by small, independent developers. “Indie games” have long been evangelised as the purest form of game development – something anyone can do, given enough perseverance. This means they can provide an entry point for creators who hadn’t made games before, but were nevertheless interested in it, enabling a new array of diverse voices and stories to be heard.

In May 2020, near the start of the pandemic, the small poetry game A Solitary Spacecraft, which was about its developer’s experience of their first few months in lockdown, was lauded as particularly poignant. Such games showcase a potential angle for effective cosy game development: a personal one.

Personal themes are often explored through cosy games. For instance, Chicory and Venba (both released in 2023) tackle difficult topics like depression and immigration, despite their gorgeous aesthetics. This showcases the diversity of experiences on display within the medium.

However, as the world emerges from the pandemic’s shadow, the games industry is facing significant challenges. Economic downturns and acquisitions have caused large layoffs across the sector.

Historically, restructurings like these, or discontent with working conditions, have led talented laid-off developers to create their own companies and explore indie development. In the wake of the pandemic and the cosy game boom, these developers may have more personal stories to tell.

Making my own cosy game

I developed my own cosy and personal game during the pandemic and quickly discovered that creating these games in a post-lockdown landscape is no mean feat.

What We Take With Us (2023) merges reality and gameplay across various digital formats: a website, a Discord server that housed an online alternate reality game and a physical escape room. I created the game during the pandemic as a way to reflect on my journey through it, told through the videos of game character Ana Kirlitz.

The trailer for my game, What We Take With Us.

Players would follow in Ana’s footsteps by completing a series of ten tasks in their real-world space, all centred on improving wellbeing – something I and many others desperately needed during the pandemic.

But creating What We Take With Us was far from straightforward. There were pandemic hurdles like creating a physical space for an escape room amid social distancing guidelines. And, of course, the emotional difficulties of wrestling with my pandemic journey through the game’s narrative.

The release fared poorly, and the game only garnered a small player base – a problem emblematic of the modern games industry.

These struggles were starkly contrasted by the feedback I received from players who played the game, however.

This is a crucial lesson for indie developers: the creator’s journey and the player’s experience are often worlds apart. Cosy, personal games, as I discovered, can change the lives of those who play them, no matter how few they reach. They can fundamentally change the way we think about games, allow us to reconnect with old friends, or even inspire us to change careers – all real player stories.

Lessons in cosy game development

I learned so much about how cosy game development can be made more sustainable for creators navigating the precarious post-lockdown landscape. This is my advice for other creators.

First, collaboration is key. Even though many cosy or personal games (like Stardew Valley) are made by solo creators, having a team can help share the often emotional load. Making games can be taxing, so practising self-care and establishing team-wide support protocols is crucial. Share your successes and failures with other developers and players. Fostering a supportive community is key to success in the indie game landscape.

Second, remember that your game, however personal, is a product – not a reflection of you or your team. Making this distinction will help you manage expectations and cope with feedback.

Third, while deeply considering your audience may seem antithetical to personal projects, your game will ultimately be played by others. Understanding them will help you make better games.

The pandemic reignited the interest in cosy games, but subsequent industry-wide troubles may change games, and the way we make them, forever. Understanding how we make game creation more sustainable in a post-lockdown, post-layoff world is critical for developers and players alike.

For developers, it’s a reminder that their stories, no matter how harrowing, can still meaningfully connect with people. For players, it’s an invitation to embrace the potential for games to tell such stories, fostering empathy and understanding in a world that greatly needs it.

Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.

Adam Jerrett does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

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KIMM finds solution to medical waste problem, which has become a major national issue

A medical waste treatment system, which is capable of 99.9999 percent sterilization by using high-temperature and high-pressure steam, has been developed…

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19 hours ago

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March 13, 2024

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A medical waste treatment system, which is capable of 99.9999 percent sterilization by using high-temperature and high-pressure steam, has been developed for the first time in the country.

Credit: Korea Institute of Machinery and Materials (KIMM)

A medical waste treatment system, which is capable of 99.9999 percent sterilization by using high-temperature and high-pressure steam, has been developed for the first time in the country.

The Korea Institute of Machinery and Materials (President Seog-Hyeon Ryu, hereinafter referred to as KIMM), an institute under the jurisdiction of the Ministry of Science and ICT, has succeeded in developing an on-site-disposal type medical waste sterilization system that can help to resolve the problem caused by medical waste, which has become a national and social issue as the volume of medical waste continues to increase every year. This project was launched as a basic business support program of the KIMM and was expanded into a demonstration project of Daejeon Metropolitan City. Then, in collaboration with VITALS Co., Ltd., a technology transfer corporation, the medical waste treatment system was developed as a finished product capable of processing more than 100 kilograms of medical waste per hour, and was demonstrated at the Chungnam National University Hospital.

Moreover, the installation and use of this product have been approved by the Geumgang Basin Environmental Office of the Ministry of Environment. All certification-related work for the installation and operation of this product at the Chungnam National University Hospital has been completed, including the passage of an installation test for efficiency and stability conducted by the Korea Testing Laboratory.

Through collaboration with VITALS Co., Ltd., a corporation specializing in inhalation toxicity systems, the research team led by Principal Researcher Bangwoo Han of the Department of Urban Environment Research of the KIMM’s Eco-Friendly Energy Research Division developed a high-temperature, high-pressure steam sterilization-type medical waste treatment system by using a high-temperature antimicrobial technology capable of processing biologically hazardous substances such as virus and bacteria with high efficiency. After pulverizing medical waste into small pieces so that high-temperature steam can penetrate deep into the interior of the medical waste, steam was then compressed in order to raise the boiling point of the saturated steam to over 100 degrees Celsius, thereby further improving the sterilization effect of the steam.

Meanwhile, in the case of the high-pressure steam sterilization method, it is vitally important to allow the airtight, high-temperature and high-pressure steam to penetrate deep into the medical waste. Therefore, the research team aimed to improve the sterilization effect of medical waste by increasing the contact efficiency between the pulverized medical waste and the aerosolized steam.

By using this technology, the research team succeeded in processing medical waste at a temperature of 138 degrees Celsius for 10 minutes or at 145 degrees Celsius for more than five (5) minutes, which is the world’s highest level. By doing so, the research team achieved a sterilization performance of 99.9999 percent targeting biological indicator bacteria at five (5) different locations within the sterilization chamber. This technology received certification as an NET (New Excellent Technology) in 2023.

Until now, medical waste has been sterilized by heating the exposed moisture using microwaves. However, this method requires caution because workers are likely to be exposed to electromagnetic waves and the entrance of foreign substances such as metals may lead to accidents.

In Korea, medical waste is mostly processed at exclusive medical waste incinerators and must be discharged in strict isolation from general waste. Hence, professional efforts are required to prevent the risk of infection during the transportation and incineration of medical waste, which requires a loss of cost and manpower.

If medical waste is processed directly at hospitals and converted into general waste by applying the newly developed technology, this can help to eliminate the risk of infection during the loading and transportation processes and significantly reduce waste disposal costs. By processing 30 percent of medical waste generated annually, hospitals can save costs worth KRW 71.8 billion. Moreover, it can significantly contribute to the ESG (environmental, social, and governance) management of hospitals by reducing the amount of incinerated waste and shortening the transportation distance of medical waste.

[*Allbaro System (statistical data from 2021): Unit cost of treatment for each type of waste for the calculation of performance guarantee insurance money for abandoned wastes (Ministry of Environment Public Notification No. 2021-259, amended on December 3, 2021). Amount of medical waste generated on an annual basis: 217,915 tons; Medical waste: KRW 1,397 per ton; General waste from business sites subject to incineration: KRW 299 per ton]

As the size and structure of the installation space varies for each hospital, installing a standardized commercial equipment can be a challenge. However, during the demonstration process at the Chungnam National University Hospital, the new system was developed in a way that allows the size and arrangement thereof to be easily adjusted depending on the installation site. Therefore, it can be highly advantageous in terms of on-site applicability.

Principal Researcher Bangwoo Han of the KIMM was quoted as saying, “The high-temperature, high-pressure steam sterilization technology for medical waste involves the eradication of almost all infectious bacteria in a completely sealed environment. Therefore, close cooperation with participating companies that have the capacity to develop airtight chamber technology is very important in materializing this technology.” He added, “We will make all-out efforts to expand this technology to the sterilization treatment of infected animal carcasses in the future.”

 

President Seog-Hyeon Ryu of the KIMM was quoted as saying, “The latest research outcome is significantly meaningful in that it shows the important role played by government-contributed research institutes in resolving national challenges. The latest technology, which has been developed through the KIMM’s business support program, has been expanded to a demonstration project through cooperation among the industry, academia, research institutes, and the government of Daejeon Metropolitan City.” President Ryu added, “We will continue to proactively support these regional projects and strive to develop technologies that contribute to the health and safety of the public.”

 

Meanwhile, this research was conducted with the support of the project for the “development of ultra-high performance infectious waste treatment system capable of eliminating 99.9999 percent of viruses in response to the post-coronavirus era,” one of the basic business support programs of the KIMM, as well as the project for the “demonstration and development of a safety design convergence-type high-pressure steam sterilization system for on-site treatment of medical waste,” part of Daejeon Metropolitan City’s “Daejeon-type New Convergence Industry Creation Special Zone Technology Demonstration Project.”

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The Korea Institute of Machinery and Materials (KIMM) is a non-profit government-funded research institute under the Ministry of Science and ICT. Since its foundation in 1976, KIMM is contributing to economic growth of the nation by performing R&D on key technologies in machinery and materials, conducting reliability test evaluation, and commercializing the developed products and technologies.

 

This research was conducted with the support of the project for the “development of ultra-high performance infectious waste treatment system capable of eliminating 99.9999 percent of viruses in response to the post-coronavirus era,” one of the basic business support programs of the KIMM, as well as the project for the “demonstration and development of a safety design convergence-type high-pressure steam sterilization system for on-site treatment of medical waste,” part of Daejeon Metropolitan City’s “Daejeon-type New Convergence Industry Creation Special Zone Technology Demonstration Project.”

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