October 12, 2022
(press release)
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By understanding the needs of consumers and putting customers first, Evonik is moving further towards systems-oriented solution development. The Service Solutions unit provides small and medium-sized companies with access to Evonik’s expertise on high-end ingredients including actives, delivery systems, preservation technologies, and textures. Companies benefit from support creating sustainable and scalable brands. “Our turnkey Service Solutions unit shows that speed, performance and sustainability are compatible. By having one partner from ideation to finished product, our clients can bring new, differentiated personal care products to market faster,” said Yann d'Hervé, head of Evonik’s Care Solutions business line. The new Service Solutions unit is part of Evonik’s Care Solutions business line, which is a cornerstone of the company’s life sciences division Nutrition & Care. By drawing on technology platforms and joint competencies, the division aims to increase its share of System Solutions from 20 percent today to more than 50 percent by 2030. System Solutions are multi-component offerings across products, technologies and services that are tailored to a unique customer need and often have proven sustainability benefits. The Care Solutions portfolio for cosmetics and personal care is based on a deep understanding of complex systems, enabling the creation of scientifically substantiated solutions. The portfolio includes sensorial ingredients that enable the design of exciting textures, active ingredients and delivery systems that support efficacy claims, as well as preservatives to prevent the degradation of products. As an ingredient producer, Evonik is backward integrated with decades of formulation expertise and know-how on sustainability, regulatory and scale up. Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries around the world and generated sales of €15 billion and an operating profit (adjusted EBITDA) of €2.38 billion in 2021. Evonik goes far beyond chemistry to create innovative, profitable and sustainable solutions for customers. About 33,000 employees work together for a common purpose: We want to improve life today and tomorrow. The focus of the business of the Nutrition & Care division is on health and quality of life. It develops differentiated solutions for active pharmaceutical ingredients, medical devices, nutrition for humans and animals, personal care, cosmetics, and household cleaning. In these resilient end markets, the division generated sales of €3.56 billion in 2021 with about 5,300 employees. In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release.
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