- Givaudan invests CHF 11 million in active cosmetic ingredients (ACI) production line expansion in France
- Givaudan continues to build ACI business following Soliance and Induchem acquisitions
Givaudan announced the inauguration of its new active cosmetic ingredients fermentation line in Pomacle, France. The CHF 11 million investment in the extension of the production capacity is Givaudan’s most important infrastructure investment in active cosmetic ingredients (ACI) to date.
This investment is aligned with Givaudan’s 2020 ambition to become a significant player in the ACI space. The new production line will support the Company in meeting the fast growing demand of its customers for innovative and sustainably sourced products used in cosmetic application.
Givaudan CEO Gilles Andrier, present in Pomacle for the inauguration said:
“Givaudan acquired Soliance in June 2014 to grow its ACI business and followed this with the acquisition of Induchem in August 2015. The extension of this production line is another example of our commitment to ACI and to our local and global customers who have a growing interest in cosmetics.”
Givaudan is the global leader in the creation of fragrances and flavours. In close collaboration with food, beverage, consumer product and fragrance partners, Givaudan develops tastes and scents that delight consumers the world over. With a passion to understand consumers’ preferences and a relentless drive to innovate, Givaudan is at the forefront of creating fragrances and flavours that ‘engage your senses’. The company achieved sales of CHF 4.4 billion in 2014. Headquartered in Switzerland with a local presence in over 80 locations, the company has more than 9,500 employees worldwide. Givaudan invites you to discover more at www.givaudan.com.
About Givaudan Fragrances
Givaudan is passionate about perfumery and is dedicated to combining creativity and innovation to design beautiful fragrances. With the industry’s largest perfumery team, Givaudan contributes to making life delightful and memorable through unique scent experiences for customers around the world. Currently present in all major markets, Givaudan strives to deliver fragrances for personal, home and laundry care, as well as prestige perfumes. Our customers benefit from Givaudan’s expertise in three business areas: Fine Fragrances, Consumer Products, and Fragrance and Cosmetic Ingredients. We invite you to ‘engage your senses’ and learn more about Fragrances at www.givaudan.com/fragrances and www.soliance.com.
For further information, please contact:
Peter Wullschleger, Givaudan Media and Investor Relations
Chemin de la Parfumerie 5
T +41 22 780 90 93