Croda Cuts Profit Amid Slump
Croda, a significant supplier for cosmetics brands including Estee Lauder, has decreased its annual profit predictions due to declining demand, especially in its North American beauty care business.
BASF cuts ribbon on offshore wind farm
BASF, Vattenfall and Allianz have inaugurated a jointly-owned 1.5 gigawatts wind farm in the North Sea. One of the largest in the world, the new offshore facility will supply renewable power to support BASF’s chemical production in sites across Europe.
Symrise H12023: Sales up 6.8 percent despite ‘tense global economic environment’
Symrise has announced its results for the first half of fiscal 2023. The German ingredients supplier reported sales of €2,414 million, up 6.8 percent on the same period a year ago. EBITDA was down on last year’s figures at €446 million due to a one-time effect relating to the shutdown of the Colonel Island site.
EU Commission’s Partial Phase-Out of Animal Testing
The European Commission has begun a process to end animal testing for chemicals across Europe gradually.
Givaudan’s Half-Year 2023: Resilience Amid Challenges
Givaudan has reported solid performance for the first half of 2023.
BASF Cuts Forecast Amid Slowdown
Chemical giant BASF SE has lowered its annual earnings forecast, attributing this decision to weak global industrial output and lagging consumer product demand.
LVMH announces water conservation plan
LVMH has announced a water conservation plan which aims to manage the precious natural resource more efficiently on a global scale, reducing the luxury conglomerate’s consumption by 30 percent by 2030.
L’Oréal unveils new research on hormonal variations’ impact on skin
At the World Congress of Dermatology in Singapore, L’Oréal has unveiled new research into hormonal variations’ impact on skin and pigmentation conducted by its Vichy and La Roche Posay brands respectively.
Symrise seeks annulment of anti-trust commission raids
Symrise is petitioning the European Union’s General Court to annul the European Commission’s decision to raid fragrance companies in the pursuit of information that would inform any anti-trust case brought against the industry, according to a report published by Reuters.
Evonik one step closer to becoming actives leader with acquisition of Novachem
Evonik has announced the acquisition of Novachem. The Buenos Aires-based sustainable cosmetic actives producer will strengthen the German ingredients supplier’s System Solutions portfolio in the Americas and beyond.
LATEST NEWS
