Page 167 - CW E-Magazine (14-11-2023)

News from Abroad

CONSUMER CARE

Croda breaks ground in China for new fragrances &

beauty ingredients facility

UK-based speciality ingredients
supplier, Croda, has broken ground at a
greenfield site in Guangzhou, that will
become its new multi-purpose produc-
tion facility for fragrances and beauty
active ingredients in China.
The new low-carbon facility will
significantly expand Croda’s fragrance
manufacturing capacity in China. It also
marks the inauguration of a production
capability for beauty actives within the
region. The investment underscores
Croda’s “Made in China for China”
initiative, while also facilitating exports
to other countries in the region.

“This investment triples our manu-
facturing capacity for fragrances and
establishes a production capability Mr. Tony Xu, General Manager, ket for botanicals in China is growing
for beauty actives for the first time,” Iberchem China, said, “The invest- strongly reflecting Chinese consumers’
Speaking at the ceremony, Mr. Steve ment underpins Croda’s ambitions for long-standing preference for natural
Foots, Croda’s CEO said. its F&F business, which has delivered extracts. “The new facility will provide
strong double-digit percentage per year local production for Croda’s globally re-
The Guangshou facility will be sales growth in China over the last 20 nowned beauty actives brands, increase
principally used to manufacture frag- years.” our responsiveness to customers and
rances, with existing fragrance pro- enable us to meet local market needs.”
duction in China consolidated on the The investment will also establish
new site. Croda’s Fragrances and Fla- Croda’s first production capacity in The Croda Guangzhou site is ex-
vours (F&F) business was initially esta- China for its Beauty Actives business, pected to be commissioned in 2025 and
blished through the 2020 acquisition of focused primarily on botanical extracts. will include application laboratories,
Iberchem, which has a 20-year track re- According to Mr. Jeffrey Wu, Manag- R&D facilities and offices, as well as
cord in China. ing Director, Croda China, the mar- manufacturing.

Ascend further increases prices on nylon polymers,

compounds and monomers

Ascend Performance Materials, the From November 1, the prices of neat
US-based integrated producer of nylon PA66 polymer and PA6 compounds
6,6, has announced another round of have increased by $0.20 per kg, PA66
global price increases on its polyamide compounds by $0.30 per kg and hexa-
polymers, compounds and monomers methylenediamine and adipic acid by
due to significant increases in input $0.15 per kg. The company had previously
costs. raised prices in October.

Chemical Weekly November 14, 2023 167

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