PARIS — Symrise AG said it inaugurated last week a creation and development center in Mumbai, India.
The unit includes a development laboratory for perfumes and cosmetic ingredients, consumer interaction centers and offices. The location is also to serve as the Indian hub for oral care and cosmetic ingredient development, the Holzminden, Germany-based fragrance and flavors supplier said in a statement on Tuesday.
Symrise already has a research and development, testing and production facility in Chennai, India.
“We have been a part of India’s growth story for more than two decades now, and we are delighted to further strengthen this relationship with the inauguration of the creative center,” said Heinz-Jürgen Bertram, Symrise chief executive officer, in a statement. “In 2016, we achieved growth of 15 percent in developing markets. Over the medium term, we want to secure a share of sales of over 50 percent. We’re working at full speed on innovation in these markets and on further developing our infrastructure on a continuous basis.”
“This investment will allow for even greater collaboration and stronger connectivity with our customers, consumers and our partners,” continued Jun Saplad, Symrise’s regional president of scent and care for the Asia-Pacific, Africa, Middle East and Turkey regions, who added it will also allow Symrise to co-develop fragrance, oral-care flavors and cosmetic ingredients.
You May Also Like
Ramesh Rajagopalan, vice president of scent and care for Symrise India, Sri Lanka and Nepal, highlighted that the opening comes as the Indian economy is entering a “productive growth phase” and that India’s consumer needs and experience touch points are ever evolving.
“The new setup is one among the many steps the organization is taking to get closer to the customers, with even better turnaround time from creation to contract,” he said.
As reported, Symrise posted first-quarter sales up 4.6 percent to 65.2 million euros, or $840.5 million at average exchange rates, driven by strong development in all of its business segments. On an organic basis, company sales advanced 5.3 percent.
More From WWD: