Personal care momentum helps boost Elementis Q1 revenue
Personal care sales have helped to increase global specialty chemicals outfit Elementis to register a 7% year-on-year increase in revenue for Q1 2022.
The British company said the increase for the three months ended 31 March 2022 was driven by pricing actions, new business wins and continued demand recovery in personal care.
“Personal Care performance improved materially as social restrictions eased further and our growth initiatives continued to gain momentum,” the company added in a statement.
“Margins were strong due to successful pricing actions. The ramp-up of our new plant in India continues to progress at pace.”
Elementis CEO Paul Waterman added: "We have made a good start to the year and will continue to maintain our focus on self-help actions and effectively managing the challenging external supply chain environment, demand uncertainties and rising inflation.”
“We remain on-track to deliver $50m of new business opportunities, over 20 new products and progress towards $10m of additional efficiency savings by 2023,” he added.
Other News
Featured Supplier
who dreams of a better
beauty?
_____
we do.
Health and wellness. Natural and organic products. Simplification with multi-functional benefits. These are a few growing trends changing the personal care market. Ashland's solvers are passionate about creating more alluring and transformational textures that incorporate...
Upcoming Events
in-cosmetics Korea 2022
Hall C, Coex, Seoul, South Korea
13 - 15 July 2022
PCHi China 2022
Shanghai World Expo Exhibition & Convention Center
18 - 20 July 2022
32nd IFSCC Congress
Park Plaza Hotel, Westminster
19-22 September 2022
in-cosmetics Latin America 2022
Expo Center Norte, Sao Paulo
21 - 22 September
Cosmetorium 2022
Palau de Congressos de Barcelona
28 - 29 September
SEPAWA 2022
Estrel Congress Center, Berlin
26 - 28 October
Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.
Download the FREE Personal Care Magazine app from your device's App store