News & Analysis on Cosmetics Innovation
Evonik has developed the first vegetable-based nylon powder, Tegolon Eco, derived from castor oil (Ricinus communis) which helps to improve the tactile properties in cosmetic formulations, according to a company spokesperson.
The fine chemicals player’s results showed that the biggest gains came from its consumer care division, where double digit sales increases were seen during the course of the financial year.
The unstable economic environment, particularly in Europe, has taken its toll on the consumer packaging business, with beauty packaging being one of the worst hit, according to global packaging supplier MWV.
Privately-owned Swiss ingredients company Givaudan has revealed full year results that underline the impact of a strong Swiss franc on its business operations.