Symrise has reported good sales growth in local currencies the first half of 2008 driven by flavours and emerging markets, although fragrance growth was hit by the drop-off in consumer spending on luxury goods.
Travel consumer goods provider Travelon has launched a new range of personal care products based on simple single dose sheets of paper for a range of products.
Taking a minority stake in Forest Essentials will provide Estee Lauder with improved access to a small but fast-growing market brimming with opportunity, says a Kline analyst.
CSM has announced plans to sell its Purac gluconates production
plant in The Netherlands to Avebe, as part of a broader
restructuring of manufacturing and focus on core competencies.
Cosmetics retailer L'Occitane is planning a flotation on the Hong
Kong stock exchange to raise $300m and fuel its expansion in Asia,
according to newspaper reports.
Low costs, a large consumer base and a thriving economy look set to
ensure that the Brazil cosmetics market will continue its strong
growth, analysts believe.
Estée Lauder will be extending the reach of its Jo Malone luxury
skin care and fragrance brand in Asia in partnership with the Lane
Crawford Joyce Group.
The Latin American market offers plenty of opportunities for
international beauty firms but entrants must appreciate its
diversity in order to succeed, according to Euromonitor.
Industrial spray and aerosol manufacturer Valois says that strong
sales in both its pharmaceutical and beauty and home divisions
helped it off-set a hike in raw materials costs and have a
successful 2007.
Companies that want to source ingredients ethically should consider
investing in less-stable parts of the world, according to Treatt,
which has major organic operations in Kenya and India.
Israeli firm Algatechnologies has won European Union Novel Foods approval for its patented version of the antioxidant astaxanthin, and plans to take the ingredient into new European markets.
Swelling domestic stocks for Malaysian palm oil, widely used by
bakers, left crude palm oil futures closing lower on Monday,
offering a slight relief for prices.
Latest research shows that there has been a significant rise
in the market for premium facial care products in China as the
country's booming economy continues to fuel consumer spend.
International cosmetics giant Estee Lauder is aiming to increase
its presence in the fast growing market of India by targeting the
country's biggest cities.
Sun Chemical is blaming a 'dramatic spike' in raw material, energy
and transportation costs for significant price hikes for its
Performance Pigments Division.
Unilever has announced that it is selling its edible oils business
and palm oil plantation interests in the Ivory Coast, and will
instead invest in a soap business in the country.
Canada-based packaging supplier CCL is looking to significantly
expand its presence in Asia in an attempt to capitalize on the
opportunities presented by emerging markets.
Global cosmetics companies operating in China should be aware of
increasingly strict enforcement of the country's advertising
standards, according to a consumer goods lawyer.
The Colombian fragrance association has become a full member of the
International Fragrance Association taking its industry
representation even closer to one hundred percent.
Nanoparticles used in cosmetics and sunscreens pose no human health risk, and even help improve health by protecting consumers against skin cancer, according to a recent report.
The EU will not compromise on the safety of Chinese exports and
will continue to monitor the market even though the country is
making efforts to combat the problem, according to an EU official.
Scientists in South Korea claim to have uncovered a fat molecule
with strong anti-aging potential from tests on the ability of
lipids to fight skin aging.
The European Commission has imposed anti-dumping tariffs of almost
40 per cent on monosodium glutamate (MSG) imported to the EU from
China, following an investigation into the effects of lower-priced
imports on EU industry.
Having acquired Kanebo Cosmetics in 2005, the logistics operations
for the two businesses are now in the throes of a massive
integration operation as part of aims to fully synthesize the
business.
Flavours and fragrance company Symrise will open a creative centre
in Shanghai, China in an attempt to capitalise on the potential of
this growing market.
Lavender oil is a frequently used fragrance for personal care
products but as it has been linked to contact dermatitis
formulators have been known to steer clear of the ingredient.
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