Natural speciality fine ingredients business, Frutarom, has agreed to acquire Vietnamese Western Flavors and plans to build a new flavours plant in Ho Chi Minh City, Vietnam to help expand the business throughout the country and the wider APAC region.
Multinational and foreign cosmetic and personal care companies are fast taking control of the growing number of opportunities in the country’s expanding industry.
Growing demand for herbal and medicinal-based cosmetics has prompted the government’s Ministry of Health to clamp down on the use of ingredients made from rare or endangered wildlife.
Direct seller Amway has continued to flex its financial muscle and invest further in manufacturing and R&D by injecting a further $20 million to build its second manufacturing site in Vietnam.
As part of ongoing efforts to expand operations in South East Asia and to target demand for its skin care products in Vietnam, Beiersdorf has founded a new affiliate, ‘Beiersdorf Vietnam Limited’.
Shiseido is opening a sales subsidiary in Vietnam in response to greater consumer demand and significant growth within the cosmetics market from the country’s rapid economic development.
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.
Continued expansion in Asia and a 12.4 per cent rise in
sales were the key highlights during the
first quarter 2007 for international packaging group Crown.
The organisers of Propak Asia expo, held in Bangkok last month,
claim that strong growth and an upward trend in investment in the
region's processing and packaging markets were reflected by record
attendance, with particular...
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