PARIS — Swiss flavors and fragrance supplier Givaudan opened a new, $62 million U.S. creative center last week, which boasts state-of-the-art technology both inside and out.
This story first appeared in the January 22, 2009 issue of WWD. Subscribe Today.
According to the company, the 150,000-square-foot facility in East Hanover, N.J., was designed using the latest in environmentally friendly building techniques, and will create fragrances using odor booths and labs.
The center comprises three floors for scent creation and two floors for business development. Givaudan expects the facility to help it gain market share in all consumer product categories.
Meanwhile, Laborotoires Pierre Fabre is to invest 71 million euros, or $92.4 million at current exchange, to grow its dermocosmetics site in Soual, France.
Plans include adding 166,666-square-feet to the facility and upping its production capabilities to 60 million units. The addition should ultimately create 150 jobs. Construction is due to begin in the first half of 2010 and the new structure is meant to begin operations progressively beginning in mid-2011.
Pierre Fabre, France’s second-largest independent pharmaceutical company, registered 2007 total sales of 1.7 billion euros, or $2.3 billion. It employs approximately 10,000 people.