BASF in Chinese alliance
BASF has signed a partnership, including a strategic equity investment, in Chinese firm Ingredi. Precise details were not disclosed but BASF said that this will enable Ingredi to extend its production facilities and that the two companies will work together to “identify new solutions and commercialise these to the global personal care market”.
Ingredi was established in 2017 and focuses on new personal care active ingredients from the natural plants found in the Himalaya region and used in traditional Chinese medicine. It has both in vitro and in vivo testing facilities, as well as its R&D platform.