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dsm-firmenich continues to buy back shares

dsm-firmenich - share buyback

Flavors, fragrances and ingredients giant dsm-firmenich is currently finalizing its share buyback program involving a total of 1.5 million shares.

The company announced that it had bought back 500,000 ordinary shares during the period from April 8, 2024 to April 12, 2024 inclusive, at an average price of €103.29 (for a total amount of €51.6 million).

As part of its share buyback program to cover the share plans announced on April 8, 2024, it subsequently acquired 452,835 shares during the period from April 22, 2024 to April 26, 2024 inclusive. The shares were bought back at an average price of 104.66 euros for a total amount of 47.4 million euros.

The forward transaction is expected to be finalized in May 2024, and dsm-firmenich plans to take delivery of the shares in 2025.

Croda Beauty: products to cope with the consequences of climate change

Croda Beauty Heliamy

Phytessence Osmanthus is Croda Beauty's floral ingredient dedicated to geo-skincare. Derived from the Osmanthus flower, celebrated in Asia and popular in the perfumery sector, this ingredient is manufactured using a green, eco-designed process known as Eco-sound technology. Phytessence Osmanthus helps protect the skin from the harmful effects of the sun's rays and soothes sunburn by reducing redness and the production of PGE2.

Protecting yourself from the sun

While sunlight can stimulate the body and provide a sense of well-being, excessive exposure to sunlight can have irreversible consequences for the skin. In this age of climate change, it is essential for consumers to seek optimum protection for their skin.

Phytessence Osmanthus is an extract of Osmanthus flower, Osmanthus Fragrans, in glycerine and water. An extract of natural origin at 99.4 % according to ISO16128, approved by Cosmos, quantified in verbascoside (syn. Acteoside).

Save water

Climate change also threatens the natural water cycle. According to the United Nations, two-thirds of the world's population will be living in water-stressed conditions by 2025. In addition, population growth, accelerating consumption and economic development are increasing global demand for water by 1 % per year, Croda Beauty points out. Water scarcity is not confined to developing countries. With heatwaves on every continent and declining water quality, consumers are sensitive to water quality and scarcity, seeking to understand whether the methods used to create products limit or recycle water.

When it comes to beauty, solid formats, oily serums and plant waters are now in demand.

Water is an essential ingredient in cosmetics. Historically, water has been used as a filler in products, and is cited as the first ingredient in a formula because it acts as a base.

The beauty industry is increasingly aware of the need to reduce its dependence on water. In particular, water-free products are now being offered, with their marketing motivated by the need to preserve this resource.

"Replacing water with skin-friendly alternatives derived from plants or minerals is a winning strategy to deliver superior consumer benefits."says Croda Beauty, creators of Heliami, a range of oily extracts obtained by infusion at 30°C in French organic sunflower oil with a high oleic acid content.

According to Croda Beauty, this sunflower oil with its high oleic acid content provides a more heat- and time-stable extract. Its unsaturated fatty acid composition is superior to both conventional sunflower oil and olive oil.

The entire range is certified organic by Cosmos and 100 % of natural origin according to ISO16128.

Five oily extracts have been developed in line with current market trends:

  • Heliami Banana Flower EC, for tropical bohemian concepts,
  • Heliami Cornflower EC, for a bucolic, locally sourced world,
  • Heliami Ginseng EC, the adaptogenic plant for Ath-Beauty
  • Heliami Green Tea EC, "the wellness ingredient for urban living",
  • Heliami Sea Fennel EC, "the extremophile ingredient that blows an ocean breeze".

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The Cosmetic Victories competition unveils its winners

Winners of The Cosmetic Victories 2024

The jury for "The Cosmetic Victories", the 9th edition of the international innovation and research competition organized by the Cosmetic Valley endowment fund and its partner Essec, met on April 15, 2024, in Paris.

The jury, chaired by Marc-Antoine Jamet, President of Cosmetic Valley and General Secretary of LVMH, was able to evaluate three research projects for their future theoretical interest, and three industrial innovations for their practical capacity to transform the market, exploring through the candidates' presentations topics ranging from artificial intelligence to decarbonation, marine ingredients, organic components and innovative processes.

Established in 2015, The Cosmetics Victories is a competition that gives visibility to and rewards researchers, start-ups and SMEs working for the future of the perfumery-cosmetics sector. The competition attracted some 111 entries from 22 countries. Among these entries, three manufacturers and three researchers caught the eye of the jury's experts.

In the "Academic Research Prize" category, the winner was Matej Hladiš, from the Université Côte d'Azur (France), for his project "Deciphering the code of odors: a bio-inspired ia for accurate prediction of odor perception".

This innovative project is inspired by the biological mechanism by which our brain interprets olfactory percepts, to develop a bio-inspired AI capable of predicting the smell of molecules. The approach takes into account genetic information, enabling the creation of personalized scents. By opening the way to the modeling of complex mixtures, they aspire to offer future users the possibility of creating custom perfumes, while offering alternatives to raw materials in order to reduce their ecological impact.

Prateek Mahalwar from Bioweg (Germany) won in the "Industrial Prize" category. His project "revolutionizing the future of organic ingredients through the power of microbes and green chemistry" won over the jury.

MicBeads100 is a functional micropowder derived from bacterial cellulose that replaces solid microplastics such as PMMA in cosmetics and personal care products. Manufactured through the recycling of agri-food waste and the application of green chemistry, this innovative and sustainable ingredient is fully biodegradable in 60 days, giving it added value and enabling it to outperform synthetic polymers, while complying with new EU regulations on microplastics.

Participants in the competition had to aim for skincare product performance and efficacy, organic sourcing, digitalization for odor prediction, optimization of environmental impact and mastery of sustainable development.

Each of the winners received a prize of 10,000 euros and dedicated support from Cosmetic Valley.

Eurofragance receives EcoVadis platinum award and continues to grow

Eurofragance

Spanish perfume house Eurofragance has been awarded the EcoVadis Platinum Medal. The multinational has been awarded the highest distinction for sustainable development by EcoVadis, which evaluates organizations on the basis of sustainability criteria in four main areas: environment, labor and human rights, ethics and sustainable sourcing.

An evaluation in progress

Medalla Ecovadis Eurofrangance- Perfumes - Market info

The perfume company's overall score was 80 points out of a possible 100, placing it in the top percentile of all organizations assessed by EcoVadis. This score, which represents an improvement on last year's (77 points), testifies to the company's ongoing efforts towards greater sustainability.

"We are extremely pleased with this result, as this recognition by EcoVadis is not only proof of our unwavering dedication to sustainability and quality in everything we do, but also of how we are continually working to go further. While this is a significant achievement for us, we believe there is still room for improvement. We are truly grateful to our teams and partners for their ongoing support and collaboration, which contribute significantly to our success." said Diana March, Global Director of Sustainability and Technical Compliance at Eurofragance.

Eurofragance has been applying for the EcoVadis assessment process since 2019, when the company was awarded a silver medal. "This achievement assures our partners and customers that they can rely on us to contribute effectively to their sustainability objectives. EcoVadis' recognition is testament to our commitment to our business strategy, sustainability philosophy and quality in all aspects of our operations."emphasizes Laurent Mercier, Managing Director of Eurofragance.

Growing sales

The company, which closed 2023 with sales of 146 million euros, has published its ESG results locally and internationally in the fragrance house's annual sustainability report.

At the same time, the multinational company posted strong growth (over 20 % compared with the previous year's sales on a like-for-like basis). These results were made possible in part by key factors such as segmentation of markets with the best potential, maintaining priorities and appreciated customer service. Sustained growth in key countries such as the United Arab Emirates, Saudi Arabia and Europe enabled Eurofragance to achieve these sales figures. Sales in India and Indonesia also contributed to these positive results.

AI and cybersecurity for sustainable growth

Eurofragance continues to strengthen its alliances with strategic AI partners to support its processes, systems, fragrance technologies and new ways of working. In order to innovate in fragrance development, the company is currently implementing two AI initiatives, each of which requires a significant level of resources. The first, announced last year, is the collaboration with French green bio-deeptech company Alphanosos to develop proprietary technological innovations designed to combat unpleasant odors. The second major project will be revealed later in 2024.     

Eurofragance has been working with AI for several years. The perfume house has also strengthened its cybersecurity organization to reduce risks, and has developed a cybersecurity culture strategy to raise employee awareness.

Lipoid Kosmetik wins three BSB Innovation Awards 2024

LK_BSB Award 2024_BakuLipid_PhytoSolve Astaxanthin_Immortelle Oil Pro

Lipoid Kosmetik, a leading Swiss manufacturer of botanical extracts, actives and natural phospholipid products for the cosmetics and personal care industry, won three awards in three categories at the 22nd BSB Innovation Awards in 2024, despite the quality of the other products entered in the competition.

In the "Cosmetics/Raw Materials/Actives" category, its recently launched product, BakuLipid, won 3rd prize in its category. BakuLipid is a blend of the plant-derived alternative retinol bakuchiol and unsaturated phospholipids to improve skin penetration.

PhytoSolve Astaxanthin, a preformed emulsion containing the powerful antioxidant astaxanthin and natural phospholipids, won 3rd prize in the "Cosmetics/Raw Materials/Functionals and Recipients" category. 

In addition, Lipoid Kosmetik's Immortelle Oil Pro extract, renowned for its skin-firming and rejuvenating properties, was awarded 2nd prize in the "Natural Products/Raw Material/Actives" category, with the international jury praising its "convincing efficacy results, which respond to an ongoing challenge in body care".

"Being among the winners of this year's BSB Innovation Awards, alongside other industry leaders, underlines our unwavering commitment to developing innovative natural ingredients, underpinned by sound scientific research, appealing concepts and in tune with prevailing cosmetic trends."says the company.

Agrimer, a new wave 

Agrimer

To support its growth, Agrimer, a company specializing in the harvesting and processing of seaweed for three activities - ingredients, cosmetics and agriculture - is strengthening its signature with a new logo and a new slogan: "The ocean of possibilities".

Founded in 1986, Agrimer promotes a natural, concentrated seaweed industry. As a "harvester-manufacturer", the company is sensitive to the marine environment and promotes expert know-how that respects this resource. 

To reinforce its identity, the new logo combines simplicity and sobriety to gain in strength and modernity. Its blue color evokes the infinite expanse of the oceans, symbolizing the constant ambition to explore, evolve and expand. The green hue embodies naturalness. It represents a commitment to the preservation of marine biodiversity and the responsible use of resources.

Logo Agrimer- Perfumes - Market info

"This ocean blue-water green duo symbolizes the balance between the marine strength and naturalness of Agrimer products. We worked on a stylized E to give character and reinforce the company's Breton identity".says the company.

The new signature that accompanies this logo, "The ocean of possibilities", is intended to embody the spirit of exploration, innovation and discovery that characterizes Agrimer. It is based on a vision of the future in which opportunities are as vast as the oceans themselves. With a trump card: their resources, algae.

"The oceans are home to an unsuspected treasure: seaweed. We highlight their diversity and power. Super marine plants, these natural treasures offer a multitude of possibilities for mankind.says Agrimer. Seaweed is an infinite source of scientific discovery and technological innovation, offering solutions for health, nutrition, cosmetics and agriculture. By associating "The Ocean of Possibilities" with the powers of algae, we invite you to explore new horizons, push back the boundaries of knowledge and imagine innovative solutions inspired by nature."

By exploring the powers of algae, Agrimer aims to pave the way for a more sustainable, environmentally-friendly future. "L'océan des Possibles" embodies this vision of a world where natural resources are self-renewing. By respecting their reproduction cycles, fallowing areas and using non-invasive harvesting methods, Agrimer is acting responsibly.

This new identity is accompanied by a new website that highlights the brand's commitment while offering easy access to its catalog." 

Photo taken from Agrimer's Instagram account.

A film-forming biopolymer based on pineapple

Pineapple - Active Concepts

Active Concepts, an Italian company that creates cosmetic bioactives, points out that global warming, marked by record temperatures, directly affects the aging and quality of skin and hair. Cosmetic formulations use a variety of raw materials to protect these parts of the body, with polymers playing a key role. 

In response to the need to reduce petrochemical pollutants worldwide, the beauty industry is increasingly turning to environmentally-friendly, biodegradable solutions. Biobased materials are considered essential for sustainability, and advances in biotechnology offer new ways to improve their effectiveness. 

Among the solutions explored: upcycling, replacing traditional ingredients with sustainable alternatives derived from recycled food industry by-products, while maintaining high product performance standards.

Active Concepts was interested in reusing pineapple crown waste to extract cellulose, transforming this residue into a precursor for a new biopolymer. 

Pineapple generates around 3 billion tonnes of by-products per year, mainly from the crown leaves. Pineapple leaf fiber (PALF) is distinguished from other natural fibers by its high cellulose content, an important element for polymer reinforcement, biodegradable product additives, membrane reinforcement and the development of renewable biomaterials.

The Italian firm's expertise in biofermentation played a crucial role in the delicate elaboration of this active ingredient using a yeast-based cross-linking technology.

According to Active Concepts, AC Pina Colloida, the new biopolymer obtained by this process, improves the skin's protective barrier function, helping to retain moisture and prevent attacks from micro-pollution. By acting on the integrity of the dermo-epidermal junction, it could prevent the visible signs of ageing. In addition, AC Pina Colloida strengthens the structural integrity of hair by preventing the harmful effects of UV irradiation, resulting in healthier hair and demonstrating effective physical and sensory properties that improve overall skin coverage and product appearance.

NYSCC 2024 Suppliers' Day: "Inspire. Innovate. Celebrate.

NYSCC 2024 Suppliers' Day

Renowned for its trend-setting abilities and influence on product development and brand building, will be held the beauty and personal care industry's global forum for ingredients, formulation and product development, NYSCC 2024 Suppliers' Day. This 45th annual New York Society of Cosmetic Chemists (NYSCC) Suppliers' Day will take place on May 1 and 2 in New York City. According to its organizers, this year's event will be the largest since its inception.

The theme of this year's event: "Inspire. Innovate. Celebrate.

Inspiration will come from all sources to influence innovation in beauty and personal care. The 70-year legacy of the NYSCC chapter will be celebrated, along with all that the industry has created and accomplished.  

NYSCC 2024 Suppliers' Day will feature over 100 hours of scientific and marketing conferences, as well as tailored educational programs. More than 570 international exhibitors will present ingredients, formulas, treatments and advanced scientific testing equipment.  

Dedicated areas - the classic Future Chemists Workshop, the Innovations Theater, the Main Stage and the Indie 360 pavilion with 16 jury-selected brands, including a capsule of Latin brands, in particular - will provide attendees with an enhanced visitor experience. New this year is the Inspiration Zone, featuring innovations from around the world. 

The Technical Poster Showcase will be back, as will the University Alley. 

Three "educational" programs led by NYSCC's Scientific Advisory Board will be offered, on a variety of themes (scalp care, biotechnologies, nutricosmetics).

Partners will host two luncheon conferences on the future of the cosmetics industry. Topics covered: challenges and opportunities in perfumery, and the latest advances in the Chinese beauty industry.

Introduction to cosmetic chemistry and advanced skin science, sustainability, the digital age of beauty, the world of chemistry and the microbiome will also be on the program.

The focus will also be on raising awareness among young people and employment.

In particular, the NYSCC Supplier Day will continue its outreach to students and young professionals. In particular, science and communications influencer Jane Tsui (@janetheChemist) will be the keynote speaker at the Future Chemists Workshop, giving a wide range of students from all over the country a unique real-world laboratory experience on the show floor.  

Photo taken from the event website.

Cargill wins award for its BotaniDesign emollient

BotaniDesign Cargill

The Edison Awards, named after American inventor Thomas Edison, recognize innovative products and entrepreneurs. 

For the second year running, Cargill has won three Edison Awards for innovations in the fields of intelligent transport, social and cultural impact, and skincare and beauty solutions.

In the field of care and beauty, Cargill received the Bronze award for its BotaniDesign 105 product, a plant-based substitute for petrolatum. This 100 % naturally-occurring, plant-based and easily biodegradable solution is, according to Cargill, highly moisturizing and can be included in a range of personal care products.

This innovation, like the other two award-winning products, demonstrates Cargill's ability to draw on more than a century of experience in the food industry to innovate across a wide range of challenges facing its customers and consumers.

All entries were reviewed by the Edison Awards steering committee and an executive jury. The jury was made up of over 2,000 senior executives and academics from the fields of product development, design, engineering, science, marketing and education, as well as past winners.

A stunning collection of four hoods for Binaurale

TNT GROUP - Binaural - amazing caps

The young Binaurale brand offers new, original fragrances. Imagined by a husband-and-wife designer-perfumer duo, its fragrances are created in partnership with Robertet.

TNT Group collaborated with the founders of Binaurale, creating original globe-shaped caps for the brand's bottles. TNT Group's engineers worked from 3D files detailing the desired characteristics of the caps, such as the relief of continental surfaces and the contours of ribs. The initial files, supplied by Binaurale, were converted into the technical files required for industrialization, including tooling and production.

Engineering and innovation contributed to this amazing project. The three challenges were to find the right way to de-mold the caps, to remove the seams caused by the mold, and to create the 3D decoration, on an industrial scale. The collection includes four different fragrances, each with a unique cap that tells a story.

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