Symrise AG announced a joint venture with Virchow Group, a group of pharmaceutical companies based in India that will manufacture personal care ingredients from the Symrise portfolio, multifunctional product protection ingredients, high-performance actives and botanicals, and next-generation UV filters. This is Symrise's first chemical manufacturing site outside of Europe and the Americas. Per the company, it is an important milestone in the company's history and marks the next step in realizing Symrise's ambition of building a resilient global value chain.
See related: Symrise's Latest Ingredient: Savelite HB, Biodegradable Multifunctional
The new company will operate under the name Vizag Care Ingredients Private Limited. It reportedly combines Virchow's longstanding presence in the Indian market and expertise in synthetic chemistry-based pharmaceutical actives manufacturing with Symrise's renowned portfolio of beauty ingredients. Symrise's global sales organization will carry out promotion and sales activities of the products manufactured by the joint venture.
“With the Vizag Care Ingredients joint venture, Symrise is creating and controlling additional capacity for fast-growing, high-value cosmetic ingredients," said Joern Andreas, Ph.D., president of scent and care for Symrise AG. “Our entire customer base will benefit from the proximity, efficiency and sustainability advantages that come with a supply of our market-leading cosmetic ingredients portfolio out of India.""
Andreas adds that the Virchow Group and Symrise share the same values; will manufacture modern ingredients in India that drive innovation, safety and efficacy; and will seek to make an impact in the local community of Visakhapatnam by continuously investing and creating jobs.
