NEWS
Syensqo acquires Korean firm JinYoung Bio
Solvay spin-off Syensqo has completed the acquisition of JinYoung Bio, a speciality cosmetic ingredients supplier based in South Korea. Ceramides, the flagship
product line within JinYoung Bio’s portfolio, are produced through biotechnology via a fermentation process, which aligns with the focus of Syensqo’s Renewable Materials and Biotechnology Growth Platform. The addition of JinYoung Bio’s
technology will extend Syensqo’s product portfolio into biomimetic ceramides for skin care and hair care applications, as well as a range of biobased functional ingredients used in skin care and colour cosmetic applications. “Our aim is to provide our
customers with advanced skin care solutions that harness the natural power of specialty ingredients like ceramides,” said Michael
The company launched its first
product from the ceramides line and four functional ingredients at NYSCC Suppliers’ Day in New York, supporting the aim of Syensqo’s Home & Beauty Care business to grow twice as fast as the market. Syensqo CEO Ilham Kadri
Radossich, President of the Consumer and Resources division. “This investment puts Syensqo
at the forefront of leveraging the dynamic nature of ceramides, a hero ingredient in cosmetic products including the fast-growing dermocosmetics,” he added. Syensqo’s beauty care business aims to grow JinYoung Bio’s commercial and technical capabilities through its customer access, formulation and application expertise and marketing capabilities.
said the investment marks a significant step in expanding its portfolio toward more natural and high-value speciality skin care solutions with both functional and active ingredients. “This acquisition reflects our
deep commitment to innovation and our focus on sustainable solutions leveraging the power of biotechnology,” he added. “We are dedicated to making a meaningful impact in the beauty industry, addressing critical environmental and societal challenges with groundbreaking circular solutions.”
Lubrizol deepens Chinese partnership
US personal care ingredients maker Lubrizol has signed a memorandum of understanding with Chinese company Proya Cosmetics to accelerate the development of market-oriented beauty products. Building on a 20-year
relationship, both companies will leverage their respective strengths to innovate and market beauty products that meet local market needs and regulatory requirements, driving sustainable business and industry growth. Proya focuses on research
and development, manufacturing and commercialization of beauty products, including skincare, make- up, body & hair, and skin care, to
meet the needs of wide range of consumers. In combination with Lubrizol’s
expertise in formulation design, as well as focus on technology and application, the expanded strategic agreement is expected to bring mutual benefits to both organizations. “Proya has relied on Lubrizol’s
scientific expertise and quality ingredients since our inception and look forward to continuing to offer consumers leading solutions based on the expertise of both organizations,” said Proya deputy general manager Yameng Hou. “Proya is committed to
cooperating with global industry
leaders to remain at the forefront of innovation and provide customers with unparallelled experience” Henry Liu, APAC Vice President,
Lubrizol, said: “Since Proya’s inception 20 years ago, we have collaborated successfully to improve consumer beauty experiences and enabled new innovation that meets the trends and needs of China’s cosmetic industry.”
Brenntag acquires Mexican outfit Quimica Delta
Brenntag has acquired Quimica Delta, a distributor of essential chemicals operating a last mile service operation network in central Mexico. Founded in 1974, Quimica Deltas main site is located in
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Teoloyucan, close to Mexico City and major customers in Central Mexico. Quimica Delta has built up a
diverse portfolio of industrial chemical products and has established long- standing relationships in Mexico. The company also operates
several rail terminals and has access to maritime port infrastructure at Altamira, strategically located as a tollgate for chemicals mainly imported from the United States. In 2023, the company reported
annual sales of $368m. BGG establishes
Swiss global HQ BGG, a Chinese maker of ingredients for personal care and other industries, has established a global headquarters in Switzerland as part of a major restructuring plan for international expansion. Operating as BGG World, the HQ in Basel will be managed by newly appointed CEO Jürgen Nelis (pictured), supported by Thomas Adler, who joins as global commercial director to spearhead the company’s international corporate strategy. The company says the opening
of the BGG World HQ represents a significant leap forward for its global expansion efforts. The family-owned company, which is based in Beijing, is implementing a transformative plan to build on more than 25 years of continuous growth by fostering deeper relationships with its international customers and partners, while maintaining its strong production and R&D roots in China. Centralizing critical international functions in Switzerland will streamline the alignment of BGG’s offer with its customers’ own strategies, meeting their needs more efficiently and enhancing risk mitigation within the global supply chain.
The realignment will also
leverage the significant market opportunities that exist for BGG’s innovative technology platforms and diverse product portfolio. We are currently hiring several
sales managers in Europe and the US, and by doing so we will more than double our customer-facing resources in these key markets,” said Nelis. “At the same time, BGG will
continue to invest in its asset base and in human clinical trials for its core products,” he added. Established in 1995, BGG’s
speciality lies in harnessing the power of fruit extracts, marine botanicals, herbal essences, natural vitamins, and unique sweeteners and flavour enhancers.
June 2024 PERSONAL CARE
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