Givaudan has signed a joint venture agreement with India’s Privi Speciality Chemicals, a maker of aroma chemicals for flavour and fragrance applications
Givaudan has signed a joint venture agreement with India’s Privi Speciality Chemicals, a maker of aroma chemicals for flavour and fragrance applications. Under this, a greenfield plant will be built at Mahad, south of Mumbai, to manufacture small-volume fragrance ingredients of medium to high complexity, or speciality ingredients.
“Privi is not only perfectly positioned to support the region, but also highly skilled in managing the complexity of producing fragrance ingredients of different ranges of volumes,” said Maurizio Volpi, president of Givaudan Fragrance & Beauty.
Speciality ingredients are a key element of Givaudan’s Fragrance & Beauty business. Manufacture of some of them will be transferred from Givaudan’s own facility at Vernier, Switzerland, over the next five years, enabling Vernier to focus its resources on strategic ingredients.
The company said that the JV with Privi supports its “ambition to enhance fragrance capabilities in high-growth markets and its commitment to advance manufacturing capabilities as a core part of its long-term strategic vision”. Privi has existing facilities at Mahad and Jhagadia in Gujarat
