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Robertet plans to invest €6 million in the construction of a new plant in Grasse and double its powdered flavorings production.
Team Côte d'Azur, the promotion and economic development agency of the Côte d'Azur Nice Sophia Antipolis region, recently reiterated the announcement. Robertet Group CEO, Philippe Maubert, confirmed the company's intention announced last February to invest €6 million in the construction of a new building in Grasse. This plant, which adds to €27 million plant opened in November 2011, will double the manufacturer's powdered flavorings production.
The Robertet Group had a 2012 turnover of almost €396 million (+6%), 85% of which came from the international business. According to the Chamber of Commerce and Industry, the city of Grasse in 2012 experienced an increase in its profits of more than 5 points due to the good health of the perfumery sector. Grasse's economy is based primarily on its cosmetic industry with the production of perfumes, pharmaceutical products and flavorings. The sector employs over 10,000 people across 250 local companies. In 2012, the industry experienced record profits of almost €2.6 billion, the highest for 12 years.