CSB to expand share of Asian cosmetics market
Ciba Specialty Chemicals has signed a joint venture agreement with
Virchow Group, a leading Indian pharmaceutical company based in
Hyderabad. Under the joint venture agreement, the Triclosan
manufacturing of Virchow Drugs Private Ltd. in Hyderabad, India, is
being further upgraded using technology from Ciba Specialty Chemicals.
This will create a production facility fully enabled to make Triclosan
with purity equivalent to United States Pharmacopoeia (USP)
With this joint venture, Ciba Specialty Chemicals wants to expand
its share of the growing cosmetic markets in Asia and further improve
its position in the region. Together, Ciba and Virchow will safeguard
that the Asian cosmetic category is served only with high purity
ingredients to guarantee consistent product quality, and to meet
international environmental standards.
Leonardo Harsch, Global Head of Ciba Specialty Chemicals' Detergent
& Hygiene Business Line, says, "This cooperation allows Ciba to
further increase its position by expanding the offer of quality
antimicrobial products in the Asian region where Ciba has a well
established presence. The high quality production facilities of Virchow
and Ciba's leading position in the Triclosan business fit together very
Ciba Specialty Chemicals is the inventor and market leader in
pharma-grade Triclosan, a highly efficacious, long-lasting
antimicrobial ingredient. Triclosan is currently used in a variety of
products, including toothpaste, soap, deodorants and non-cosmetic
articles such as shower curtains and technical textiles. Triclosan
helps to prevent the occurrence of oral infections, germ transfer, body
odour, and material decay.
Ciba Specialty Chemicals (SWX: CIBN, NYSE: CSB) is a leading global
company dedicated to producing high-value effects for its customers'
products. We strive to be the partner of choice for our customers,
offering them innovative products and one-stop expert service. We
create effects that improve the quality of life - adding performance,
protection, color and strength to textiles, plastics, paper,
automobiles, buildings, home and personal care products and much more.
Ciba Specialty Chemicals is active in more than 120 countries around
the world and is committed to be a leader in its chosen markets. In
2005, the Company generated sales of CHF 7.4 billion and invested over
CHF 300 million in R&D.