Swiss fragrance and flavour maker Givaudan reported first-quarter sales growth exceeding forecasts, driven by strong perfume demand despite a decline in food ingredients. The company plans price incre
Givaudan plans to invest CHF 55 million to build a new natural ingredients center in France. The facility will house both development and production capabilities at Campus 52.
Givaudan plans to invest $110 million in a new fragrance compounding facility in Mexico with a production capacity of 20,000 to 25,000 metric tons.
Givaudan missed earnings estimates due to currency headwinds, though sales rose and exceeded its 4%-5% five-year growth target.
ChemBrief