DSM-Firmenich has signed a sun care technology development memorandum of understanding (MOU) with ASTech, a Korean company specializing in UV filter ingredients.
Signed in Seoul, the agreement will see the duo collaborate on UV filter ingredient technology and establish a foundation for expanding global market share.
Through this agreement, the two companies will pursue: a stable supply chain for high-performance UV filter ingredients; the development of new UV filter components and promoting technical exchange; and collaborating on marketing to expand in global markets.
“By combining ASTech’s advanced ingredient manufacturing capabilities with DSM-Firmenich’s extensive global network and R&D strengths, the companies expect to create unique synergies in the increasingly sophisticated global sun care market,” said a DSM-Firmenich spokeswoman.
An ‘Investment Closing’, conducted alongside the MOU signing, signifies that the partnership has progressed beyond simple cooperation into a stage of stronger capital commitment and strategic alignment.
Jongbae Yoon, CEO of ASTech, said: “We find it deeply meaningful to become partners with DSM-Firmenich, a global leading company, on the basis of strong mutual trust.
“Through this cooperation, we will showcase ASTech’s UV filter technology to the world and together with DSM-Firmenich, lead the standards of the global UV filter ingredients market.”
Parand Salmassinia, President Beauty & Care, DSM-Firmenich added: “Sun care is a highly strategic growth pillar for DSM-Firmenich.
“This partnership reinforces our leadership in delivering advanced UV filter solutions backed by deep science, global scale, and a strong commitment to innovation.
“By combining ASTech’s world-class expertise with our R&D capabilities and global market reach, we are accelerating the development of future-forward sun care solutions that meet the evolving needs of brands and consumers worldwide.”
