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The fragrance and flavor sector is concentrated

2020-06-18T00:09:57.410Z


Despite the health crisis, the Swiss Firmenich bought the French DRT.Its products are present in perfumes, beauty creams, soaps, shampoos, cleaning products, and even in food. However, Firmenich, a Geneva company more than a century old, is unknown to the general public. Because it is not on the front line but manufactures ingredients, which then flavor and give their flavors to products from Danone, L'Oréal, Procter & Gamble, LVMH… As a supplier to the food and h...


Its products are present in perfumes, beauty creams, soaps, shampoos, cleaning products, and even in food. However, Firmenich, a Geneva company more than a century old, is unknown to the general public. Because it is not on the front line but manufactures ingredients, which then flavor and give their flavors to products from Danone, L'Oréal, Procter & Gamble, LVMH…

As a supplier to the food and hygiene industries, Firmenich continued to produce during the health crisis. “We have 48 industrial sites (including DRT), on all continents, including six in France. All of them turned during the Covid-19 crisis, protecting employees thanks to strict health protocols , explains Boet Brinkgreve, president of ingredients at Firmenich. Pandemic and economic crisis oblige, the Swiss group does not make any more forecasts, whereas it was in growth until now (+ 6% in 2019, with a turnover of 3,9

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Source: lefigaro

All business articles on 2020-06-18

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