CPL Aromas results boosted by growth in developing markets worldwide
Turnover for the financial year 2013 grew by approximately 3.8% to reach £62.3m – the first time the company has exceeded the crucial $100m barrier.
The company, which specialises in aromas for both the fine fragrance, personal care and household and air care categories, is now looking to build on this growth in the course of 2014.
Surpassing the crucial $100m barrier
“Surpassing sales of $100m is a great achievement for CPL Aromas and I am proud of the progress we have made in the last year,” said Group CEO Chris Pickthall.
“These results show that CPL is an important player in the Fragrance Industry; however we maintain our Spirit of Independence that makes our company unique in the market place.”
Although sales increased in target markets across the globe, the company pointed to the fact that it has made significant in-roads into its key developing markets, which are also expected to be the driving force behind projected growth for 2014.
Significant investments during the course of 2013
During 2013 the company made a number of significant investments, including a significant investment in its research and development facilities in a bid to help it stay ahead of the completion.
In April of 2013 the company launched its Aromacore concept, which promotes the company’s unique encapsulation technology, which served to deliver longer-lasting fragrance solutions for a number of categories.
Likewise, the company also invested in the fast-growing Asia market with the completion of its purpose - built facility in Mumbai, India, which is a Creative Perfumery Centre, incorporating sales, marketing and evaluation capabilities.
Additionally, the company also invested in its infrastructure, with the commissioning of new automated compounding facilities at its UK, Brixworth site.
