Emami announces it’s foray in natural & organic personal care products
Senate takes up bill to lower suicide rate among veterans
Emami Limited, one of the leading personal and healthcare FMCG companies in India has acquired controlling stake (66.67%) in Fravin Pty Ltd., along with it’s 3 subsidiaries through Emami International FZE, a subsidiary of Emami Ltd. Fravin Pty Ltd., based in Australia has major strengths in R&D and manufacturing of natural and organic personal care products. This international acquisition marks Emami’s entry into the fast growing natural and organic Personal Care segment and is in line with the company’s strategy to be present in sectors with high growth potential.
“The Fravin acquisition is in sync with the Company’s strategy to grow aggressively through both organic and inorganic routes in India and overseas. This is a significant step for the organisation as the acquisition marks Emami’s entry into organic personal care products, where we were WASHINGTON: A bill aimed at reducing a suicide epidemic among military veterans appears headed for the president’s desk. The Senate is expected to take up a bill today named for Clay Hunt, a 26-year-old veteran who killed himself in 2011. The bill is in response to suicides that on average claim the lives of 22 military veterans every day.
The measure, which passed the House last month, would require the Pentagon and Veterans Affairs Department to submit to independent reviews of their suicide prevention programs and make information on suicide prevention more easily available to veterans. It also would offer financial incentives to psychiatrists and other mental health professionals who agree to work for the VA and help military members as they transition from active duty to veteran status. Sen Johnny Isakson, R-Ga., chairman of the Senate Veterans’ Affairs Committee, said he expects overwhelming not present earlier. The market for organic personal care products is growing at rapid pace across the world. The global market for organic products which was over $7.6 billion in 2013, is expected to double in six years.” said Harsh Agarwal, Director, Emami Ltd.
Agarwal further added, “Rising concerns for health safety, increasing green consciousness and growing awareness of the consumers about the hazards of using products with synthetic chemicals have fuelled the demand for organic personal care products. The acquisition of the Fravin Group specialising in formulations of organic products with many international certifications emphasises our core belief in usage of safe and natural products.
Prashant Goenka, Director, Emami Ltd said, “We plan to expand our export portfolio in developed countries through approval of the bill, which passed the House unanimously and has the support of major veterans groups.
“When you have 8,000 veterans a year committing suicide, then you have a serious problem,” Isakson said, noting that more veterans have died by suicide in recent years than have died in battlefields in Iraq and Afghanistan. John Madigan, vice president of public policy at the American Foundation for Suicide Prevention, said passage of the bill would be a major victory not just for veterans but for the larger fight against suicide. Veterans account for 1 out of every 5 suicides in the United States.
The group has set a goal of reducing the nation’s suicide rate by 20 percent by 2025, “and it is legislation like the Clay Hunt Act that will make it happen,” Madigan said. Supporters of the bill were frustrated late last year when the measure was blocked by thenSen. Tom Coburn, R-Okla.—AP Fravin’s formulations of natural & organic personal care products, where demands for such products are high and future prospects exciting”.
Promoted by the leading Trichologist and a World Master Hairdresser Peter Francis, the Fravin Group manufactures a full range of hair care and skin care products that are certified organic by various certification bodies in Australia and United States such as Australian Certified Organic (ACO), the United States Department of Agriculture (USDA) and many more. The Group has major strength in R&D of various advanced technology like Trans follicular Anti-Ageing serums, etc. Fravin Group has been the proud recipient of many international prestigious awards as recognition of the high standard and quality of its products. The Company’s leading brand; “Abache Organics” was awarded the 1st place in the “Green Formulations” category at the “Sustainable Beauty Awards 2014” held in Paris, France.
Peter Francis, Managing Director, Fravin Pty Ltd said “We are very enthusiastic to be associated with a global company like Emami. There are strong synergies between the two companies. With Emami’s strong marketing network and our R&D capabilities and advanced technologies, we expect to take Abache brands to new heights.”
The Group has its R&D and manufacturing facility in Adelaide, Australia. The Group also manufactures a range of organic personal care products ‘eco.kid’especially developed & formulated for children. Fravin will be a part of Emami’s International business division, which contributes around 14% to the total FMCG business. Emami has presence in over 60 countries across the world.