There would be massive job opportunities for Nigerians, as a German producer of flavours and fragrances, Symrise is set to open a laboratory in Lagos.
Having sustained a strong presence in the country for about three decades, the German company designed and built the laboratory between 2017 and 2018.
The new laboratory is part of Symrise’s expansion commitment, as it now has Africa as the centreof its growth ambition.
Speaking on the development, the Director of Symrise Nigeria, Rudy McLean said,“The new facility will allow for local development, by local application technologists, with local sourcing wherever possible.”
What you should know:While the new facility will provide labs for beverage, sweet and culinary applications, as well as labs for fragrance and cosmetic ingredients applications, it is pertinent to note that the new lab facility will focus on developing solutions using locally sourced materials.
Why this matters: Symrise’s opening of a laboratory in the country is coming in the heat of controversy about Nigerians at the global stage. Just recently, a technology company, Dynamics Intelligence announced its exit from Nigeria over ‘mistrust and extortion’.
While the reasons given by Dynamics Intelligence for exiting Nigeria remain unclear as the company had commended Nigerians and rated them above Americans and Canadians before the shutdown, Nairametricsunderstands that the Symrise lab will have a good effect on the Nigerian supply chains, which will address the unemployment rate in the country.
About the company: Symrise is a major producer of flavours and fragrances with sales up to €3.154 billion in 2018.
The company was founded in 2003 through the merger of Haarmann & Reimer (H&R) and Dragoco, both based in Holzminden, Germany. In 2002, private equity firm EQT Northern Private Equity and Bayer reached an agreement on the acquisition of Haarmann & Reimer while acquiring the shares of minority holders of DRAGOCO.
Horst-Otto Gerberding, majority holder and Chairman of the Executive Board at DRAGOCO, placed all his shares into the new corporation and the merger was completed on May 23, 2003.