CHINO, Calif.—Fenchem reported a 30-percent sales increase for the second quarter of 2010 compared to the same period of last year. According to the company the sales increase is primarily due to three reasons: (1) Fenchem expanded into two new fields of cosmetic ingredients and feed ingredients with new products, (2) its new Europe office was established in Czech Republic early this year, and (3) the overall economic recovery. Fenchem noted the U.S. market has a growth rate of 10-percent compared to the 2009 figure.
Nutrition and food ingredient was the strongest growing division with some traditional products, including TOCOVET® Vitamin E and HyaMax® Sodium Hyaluronate, and the new product, NeuVia™ Stevia extract. Besides theses traditional products, some new products launched by its cosmetic sector New cosmetics ingredients include silicone oils, Polyquaternium series and Mild surfactants.
The company expects future growth within the feed-ingredient division with the upcoming launch Fenti-O2™ Antioxidant System and Micro-encapsulated Vitamin Series.
In the full financial year 2010, it predicts the company will achieve a record full-year result.
