There’s no truer saying than ‘money makes the world go round’, and that’s certainly the case for the cosmetics world this week as a slew of new investments take place.

It seems R&D is the investment of choice for AkzoNobel, which has inaugurated a new €6.5 million technology center in Songjiang, Shanghai. No mean feat seeing as it’s the company’s largest facility in China and is equipped with a full array of state-of-the-art material analysis and performance testing facilities. The centre is said to help the company push forward with its innovation strategy to create a portfolio of more sustainable products.

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