Nigerian subsidiary of global flavours, fragrance, cosmetic and nutritional ingredients manufacturer, Symrise, has unveiled its newly upgraded application laboratories in Ikeja, Lagos. According to the group, Nigeria is central to their growth in the region.
Speaking about the company’s activities in Nigeria, Lilian Regnier – President, Symrise Europe, Africa, Middle East said, “Symrise Nigeria has operated in the country for over 30 years. We have invested in building, maintaining, and running our operations in the country. Nigeria represents a pathway to growth for us in the Central, East, and West African regions and we feel confident that the economic trajectory of the country will serve as a net positive to global manufacturers and organisations who believe in the country’s future.”
The size of the personal care segment in Nigeria covers an estimated USD 1 billion market, with SMEs gaining an incremental market share as it accounts for over 94% of businesses in the country. Symrise forecasts the new state-of-the-art application labs to unlock numerous market opportunities in the sector. “This new facility enables us to serve the market, and also to understand the market better and to serve it more effectively,” said Sofiane Berrahmoune, Symrise Vice President for the region in the Taste, Nutrition & Health Division.
