Dec 23, 2008
China-based ingredients maker Fenchem says it will continue its expansion into cosmetics ingredients, having announced a 35 per cent increase in its annual revenue.
The industry-leading growth comes off the back of its expansion into the cosmetics field this year, when the company statedt it was building on cross-over ingredients for its food and nutritional division.
The company said that, in contrast with many companies in the manufacturing supply segment, it is currently in the process of expanding its production and personnel to help meet increased demand, which is also being fed by an expansion of its pet food ingredients.
Increased workforce by 30 per cent
The workforce has increased by about 30 per cent at both its Nanjing headquarters and its US branch, which it opened in California last year, according to the company.
The new positions have been mainly created in the areas of research and development, quality control and sales.
As well as China and the US, the company also has a European representative branch in Norway, which forms part of plans to maximise its geographical representation.
Building on its cosmetics platform
The company says that, building on its cosmetics ingredients platform, it is developing a series of new products, which will include Arbutin, Magnesium, ascorbyl phosphate and reduced L-Glutathione.
In September of this year the company announced that it would expand into cosmetics with the launch of the cosmetic grade HyaMax Sodium Hyaluronate.
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