2 April, 2024 16:38:36 IST 
German fragrances & flavours firm, Symrise AG, has announced an agreement to form a joint venture, Vizag Care Ingredients Pvt. Ltd., with the Hyderabad-headquartered, Virchow Group, for the manufacture of personal care ingredients from the Symrise portfolio. Symrise owns majority stake in the new entity.
The new company “combines Virchow's longstanding presence in the Indian market and expertise in synthetic chemistry based pharmaceutical actives manufacturing with the market-leading portfolio of beauty ingredients of Symrise,” a statement by Symrise said.
The manufacturing operations are to be based in Visakhapatnam (Vizag), and production is to begin in H1 2024. Products planned for the site include multi-functional product protection ingredients, high-performance actives & botanicals, and next-generation UV filters.
“The expansion plans over the coming years are anticipating substantial annual capacities to deliver the ambitious growth trajectory of Symrise in cosmetic ingredients. Symrise’s global sales organisation will carry out promotion and sales activities of the products manufactured by the joint venture,” the statement added.
“With the Vizag Care Ingredients joint venture, Symrise is creating and controlling additional capacity for fast-growing, high-value cosmetic ingredients,” said Dr. Joern Andreas, President Scent & Care, Symrise AG. “Underpinned by a strategic commitment to backward integration, this new facility serves as a critical enabler of our ambitious growth plans.”
“Our entire customer base will benefit from the proximity, efficiency, and sustainability advantages that come with a supply of our market-leading cosmetic ingredients portfolio out of India,” he added.
First chemical manufacturing site outside Europe and Americas
As the first chemical manufacturing site of Symrise outside Europe and the Americas, the Vizag facility forms an important milestone in the company’s history. It also marks the next step in realising Symrise’s strategic ambition of building a resilient global value chain.
“The joint venture serves as a diversification of Virchow Group into specialty chemicals,” said Mr. Prasanth Nandigala, Director at the Board of Virchow Group companies.
