Givaudan and Privi joint venture commences operations for fragrance

Givaudan, a global leader in fragrance and beauty, has announced the start of operations at its new Mahad Fragrance Ingredients facility. This is a key development of the joint venture with Privi Speciality Chemicals Limited (Privi), a manufacturer, supplier and exporter of aroma and fragrance chemicals in India.

Privi holds a 51% equity stake in the joint venture, while Givaudan retains the remaining 49%. The new facility will manufacture a diverse portfolio of value-added products, with a planned ramp-up of activities over the next two to three years.

Mr. Maurizio Volpi, President Fragrance & Beauty at Givaudan, stated: “We are thrilled to mark this important milestone in our joint venture with Privi. The opening of the Mahad facility is a testament to our collaborative spirit and commitment to innovation. This state-of-the-art facility will enhance our ability to deliver high-quality fragrance solutions, ensuring we meet our customers’ evolving needs while driving sustainable growth together.”

Mr. Mahesh Babani, Chairman & Managing Director of Privi, commented: “We are excited to mark this significant milestone with Givaudan. This facility is designed for the production of complex ingredients through advanced chemical synthesis processes. Our enduring partnership with Givaudan, bolstered by their investments, underscores our capability to deliver high-quality, complex products. This project not only fortifies our collaboration, but also highlights our commitment to the flavour and fragrance industry.”