International strategy drives growth at Naturex
The buoyant US supplements market has helped French plant extracts
firm Naturex grow revenue further in the third quarter.
firm Naturex grow revenue further in the third quarter.
The company reported sales of €17.5 million during the third quarter, up 24 per cent on the prior year's same period, while net profits reached €1.32 million, a surge of 47 per cent on 2003.
The firm, which supplies many of the best-selling US herbals such as citrus aurantium, green tea and grape seed, has also raised its profit forecast, which had been set at between €2.4 and €2.7 million for the year.
The US has been a major target for growth for Naturex, which recently bought a rosemary extracts business from RFI. Its international focus looks set to continue, with plans to set up a new office in Asia in the first half of 2005.
