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Novarex Co.,Ltd. (South Korea)

Main Activities: Other Food Manufacturing | All Other Miscellaneous Food Manufacturing
Full name: Novarex Co.,Ltd. Profile Updated: July 08, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Novarex Co., Ltd. is a R&D-based Health & Functional Food manufacturing company located in Cheongju, South Korea. The company was established on February 17, 1995. Novarex specializes in OEM/ODM services, providing a range of services from product planning to production and delivery in the health & functional food industry. They have invested in top-notch facilities and technology to ensure high-quality services. Novarex focuses on the development of functional ingredients for health functional foods. They have a Life Science Research Center where they conduct thorough verification and human research to develop and produce new products and functional ingredients. The company holds the largest number of individually recognized ingredients in Korea. With over 26 years of continuous effort and investment, Novarex has built a global-level production infrastructure to cater to the diverse needs of domestic and international customers. In 2018, they were listed on the KOSDAQ, solidifying their position as the leading OEM/ODM company specializing in health functional food in Korea. Novarex maintains strict quality control measures to supply excellent products to major domestic companies. They have also signed exclusive manufacturing contracts with renowned global health functional food companies such as GNC (U.S), Blackmores (Australia), and TCI (Taiwan) to provide the best products and services. In May 2021, Novarex completed the Osong Smart Factory, their fourth factory, and relocated their headquarters. They are continuously strengthening their R&D capabilities and development pipeline for individually recognized ingredients. Novarex aims to be a trusted company that creates value beyond technology, prioritizing customer trust and satisfaction.

Headquarters
94, Gakri1-Gil, Ochang-Eup, Cheongwon-Gu, Cheongju-Si, Chungcheongbuk-Do
Cheongju; Chungcheongbuk;

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Website: http://www.novarex.co.kr

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
November 27, 2008
Key Executives
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Chairman
Ownership Details
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20.7%
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5.6%
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3.8%
Subsidiaries
주식회사 노바케이메드
66.31%
주식회사 노바케이헬스
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency KRW. Absolute financial data is included in the purchased report.
Net sales revenue
-18.35%
Total operating revenue
-16.46%
Operating profit (EBIT)
-11.68%
EBITDA
0.92%
Net Profit (Loss) for the Period
-8.88%
Total assets
-7.31%
Total equity
9.72%
Operating Profit Margin (ROS)
0.6%
Net Profit Margin
0.72%
Return on Equity (ROE)
-0.39%
Debt to Equity Ratio
-14.69%
Quick Ratio
0.28%
Cash Ratio
0.18%

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