Evonik invests €16.6m in new cosmetics innovation centre

Published: 22-Sep-2011
Ingredients Finance

Future-focused site will open in 2013


Evonik has announced it is to invest €16.6m in a new innovation centre for its Consumer Specialities Business Unit, based in Essen. The centre, which will open in 2013 and will cover 5,000 sqm, has been pitched as a headquarters for developing future orientated cosmetics products.

The investment is part of a wider €31m plan by the German supplier to upgrade its innovation business and also includes new research facilities for the paints and coatings industry.

“Both the paints & coatings and cosmetics industry are strong market segments, “ commented Evonik chairman, Klaus Engel. “We want to be in a position to offer our customers future-ready solutions. The two innovation centres will not only offer us scope for research and development, they shall also strengthen our competitiveness and our position in the market.”

  • Companies:
  • Evonik
See more

You may also like

Ingredients

Evonik establishes new naturals business segment

Read more
The Botanicals & Natural Actives segment falls under the German specialty chemicals giant’s life sciences division

Trending Articles

  1. Nivea helps push Beiersdorf sales to €4.9 billion in H1 Sun protection was pinpointed as a strong performance segment for the German giant's Nivea, Eucerin and Aquaphor brands
  2. The Body Shop in Denmark files for bankruptcy with 15 stores to close Anders Hoffmann Køningsfeldt, a lawyer at Danish legal services firm Bech-Bruun, has been appointed as administrator
  3. Lawsuits mount against Givaudan, Firmenich, IFF and Symrise amid fragrance antitrust investigation Texan business Crimson Candle Supplies leads US-based scented products companies in the latest class action filed against the fragrance giants
  4. Coty closes historic acquisition of 41 P&G beauty brands Landmark deal completes, catapulting Coty to the position of third-largest beauty company in the world
  5. Cosmetics Business reveals the top 5 skin care trends of 2024 in new report From the great peptide revival to Gen Alpha's hyper-engagement, this report opens the lid on latest trends to sizzle in skin care

Upcoming event

Cosmetic Product Safety Assessment E-Training: Starting the Assessment

19 April 2024 | Virtual See all

You may also like

Ingredients

Evonik establishes new naturals business segment

The Botanicals & Natural Actives segment falls under the German specialty chemicals giant’s life sciences division
Manufacturing

Evonik boosts active ingredients portfolio with Novachem acquisition

Novachem specialises in creating eco-certified actives from live microorganisms
You need to be a subscriber to read this article.
Click here to find out more.
Ingredients

in-cosmetics Global: 2023’s top beauty ingredient trends

Senescence busters, mood hacking beauty and naturally-derived, high-performance materials lead this year’s batch of cosmetic ingredient launches
Ingredients

Beiersdorf and WWF extend sustainable palm oil cooperation until 2026

Ingredients supplier Evonik will also be onboarded as a new partner for the project
Manufacturing

Evonik kickstarts full commercial-scale ceramides production

Evonik’s decision to upscale its ceramides production follows on from a strong Q3 2022 sales
Ingredients

Cosmetic ingredients boost Evonik’s Q3 Nutrition & Care sales

The division’s sales increased 14% due to price increases, but its EBITDA fell by 23%
Manufacturing

Evonik preps for Russian gas stop with 40% reduction in natural gas use at German sites

Alternative energy sources can reduce the specialty chemicals company’s dependency without significantly curtailing production
Subscribe now