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Symrise AG and Virchow Group Form Joint Venture for Personal Care Ingredient Manufacturing in India

2024-03-28 18:34:46.955000

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Symrise AG and Virchow Group have formed a joint venture called Vizag Care Ingredients Private Limited to manufacture personal care ingredients in India. Symrise owns the majority stake in the new entity, which will be based in Visakhapatnam, India. The joint venture combines Virchow's expertise in synthetic chemistry-based pharmaceutical actives manufacturing with Symrise's market-leading portfolio of beauty ingredients. Production is set to begin in the first half of 2024, with plans for substantial annual capacities in the coming years. Symrise's global sales organization will handle promotion and sales activities for the joint venture's products. The partnership aims to strengthen Symrise's position as a supplier of high-quality personal care solutions and drive innovation, safety, and efficacy for global customers. The joint venture also marks an important milestone for Symrise as its first chemical manufacturing site outside Europe and the Americas.

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