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Agreement with Chinese firm is part of a plan to deliver innovative solutions and build a support ecosystem for customers.
August 31, 2022
By: TOM BRANNA
Editor
BASF formed a partnership with Ingredi, a China-based supplier of natural actives and solutions for the personal care industry. The move includes a strategic equity investment into Ingredi by BASF. Ingredi, established in 2017, identifies new personal care active ingredients from the natural plants found in the Himalaya area of China. BASF contributes its expertise in demonstrating how to successfully add these ingredients into personal care formulations and will market these products globally to its customers, according to the companies. Ingredi has a proven track record and gained a reputation by bringing new actives from this traditional background, both with local Chinese and international personal care formulators. While the Traditional Chinese Medicine (TCM) market is known by many consumers, the use of plant-based actives with a TCM background is a new trend in the personal care industry and continues to grow, according to BASF. Based on a strong R&D platform and in-house testing facilities (in-vitro and in-vivo), Ingredi has expanded its business rapidly. Through the equity investment from BASF, Ingredi will be able to extend its production facilities. In addition, BASF will jointly work with Ingredi to identify new solutions and commercialize them for the global personal care market. “It is a great honor for us to be recognized by BASF as such a valuable partner for the industry,” said Dr. Ji Zhou, chairman and founder of Ingredi, China. “The partnership with BASF will enable us to benefit from BASF’s experience in the industry and profit from each other’s knowhow.” “We are committed to deliver new innovative solutions to the personal care market, and to build an ecosystem of partners that can support our customers,” said Dr. Robert Parker, director of new business development & digital officer, Care Chemicals at BASF. “We are proud to collaborate with Ingredi developing their business with mutual benefits together.” According to BASF this partnership is another example of how BASF’s Care Chemicals Division is addressing future challenges. Sustainability, digitalization, innovation, and new approaches to working together are the key cornerstones to the company's Care 360° – Solutions for Sustainable Life program.
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