- In October 2024, Prigiv, a joint venture between Givaudan and Privi, commenced operations at its Mahad Fragrance Ingredients plant. Privi holds a 51% stake, while Givaudan owns the remaining 49%. The facility is designed to produce a diverse range of fragrance ingredients, with plans for gradual expansion over the next two to three years. The plant focuses on advanced chemical synthesis processes, reinforcing Givaudan and Privi’s commitment to innovation in the fragrance industry
- In August 2024, Symrise reported a 6.3% increase in half-year sales, reaching €2.57 billion, aligning with analysts' expectations. The company reaffirmed its annual organic sales growth target of 5%-7% and an EBITDA margin of approximately 20%. CEO Jean-Yves Parisot expressed optimism about Symrise’s new business model, which is expected to drive further improvements in the second half of the year. The Scent & Care division recorded the largest sales increase, rising 12.1% to €993 million, fueled by organic fine and consumer fragrances growth
- In March 2023, BASF announced its investment in a new citral plant at its Verbund site in Zhanjiang, China, set to become operational in 2026. This expansion aims to meet growing global demand for flavor and fragrance products while reinforcing BASF’s commitment to sustainability. The investment will increase BASF’s annual citral production capacity to 118,000 metric tons and support downstream aroma ingredient production. The Zhanjiang site is designed to be powered entirely by renewable electricity by 2025, aligning with BASF’s carbon footprint reduction goals
- In February 2023, Givaudan and Amyris expanded their long-term partnership, strengthening their collaboration in biotechnology-driven cosmetic ingredients. Under this agreement, Amyris continues to produce bio-fermented ingredients, while Givaudan takes the lead in commercializing sustainable beauty solutions. This partnership enhances Givaudan’s Active Beauty portfolio, leveraging Amyris’ innovation capabilities to accelerate the transition to clean, sustainable chemistry
- In November 2022, Mohawk Industries announced its acquisition of Elizabeth Revestimentos, a Brazilian-based ceramic tile manufacturer. This strategic move strengthens Mohawk’s presence in the South American market, enhancing production capabilities and distribution networks. Elizabeth, founded in 1984, operates four manufacturing units across Brazil, optimizing regional distribution. The acquisition, finalized in February 2023, positions Mohawk as the largest ceramic tile producer by revenue in Brazil
