Cosmetics & Personal Care
Family-owned LUZI hands management to third generation 7th June 2018
The Swiss family-owned company LUZI fragrance compounds, producer of fragrance compounds for perfumes, cosmetics, room care and home care is handing the management of the Swiss business to the third generation.
After 20 years, a member of the owner family is returning to the Executive Management in the person of Roland Altenburger. Jürg Koller, former CEO for Switzerland, will be responsible for the company’s future growth strategy and internationalization in his position as Group CEO.
LUZI fragrance compounds already has an international structure. In addition to its own sales offices in Europe, Latin America, Africa and Asia, a branch office was opened in Malaysia in 2016, which boasts an ultra-modern production facility and a development and sales unit. Due to the company’s growth and rising demand for its services, the number of employees increased in the past few years from 43 (1999) to more than 140. Thanks to its investments in additional staff and modern production facilities, LUZI successfully tripled its sales from almost CHF 17 million in 1999 to more than CHF 50 million in 2018.
LUZI is fully committed to Switzerland as a business location. It is currently planning a new building to replace the company’s almost 50-year old headquarters. To this end, LUZI acquired 11,000 square metres of land close to the current production facility. “Of course personnel costs are high in Switzerland. But this is becoming increasingly less important in a world of advancing digital automation and further productivity increases. The focus is shifting to the infrastructure, tax burden and quality and flexibility of the labour market,” says Roland Altenburger.