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Joint venture will enhance the production of fragrance ingredients.
March 13, 2014
By: Jamie Matusow
Givaudan has signed an agreement with Zhejiang Xinhua Chemical Co., Ltd for the production of fragrance ingredients in China. According to Givaudan, Xinhua is a leader in aroma chemical manufacture, with an established history of quality production. Gilles Andrier, CEO, Givaudan said, “This joint venture is another step forward in our global strategy to get closer to customers in developing markets; Xinhua is perfectly positioned to partner with Givaudan in Asia Pacific.” Some ingredients currently produced at existing Givaudan sites will be transferred to the joint venture. Transfers will be done progressively over the coming years alongside continued investment in the long-term competitiveness and continuous improvement of existing sites.
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