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Algaetech launches astaxanthin-based skin care line

May 24, 2016
AlgaeIndustryMagazine.com

Algaetech launches its astaxanthin-based skin care range with Astatude.

Algaetech launches its astaxanthin-based skin care range with Astatude.

Malaysia-based Algaetech has announced the commercial launch of its astaxanthin-based skin care range, Astatude. The anti-aging and brightening skin care products, derived from Haematococcus pluvialis, will be made available through online and departmental channels.

Algaetech was established in 2006. It currently occupies a 150,000 sq ft facility on five acres of land in Technology Park Malaysia, Bukit Jalil. Speaking at the launch ceremony Dato’ Paduka Syed Isa Syed Alwi, Algaetech founder and CEO, dedicated this achievement to the BioNext program which was formed by the combined efforts of Malaysian Biotechnology Corporation Sdn. Bhd. (BiotechCorp) and SME Corporation Malaysia (SME Corp.) who he says were the reason Algaetech decided to venture into the locally-produced retail industry.

BioNext aims to catalyze the growth of 20 selected bio-based SMEs in Malaysia through a targeted approach in the areas of financing, market access and human capital development and ultimately nurture the homegrown companies into global champions.

In an interview with Bernama, Mr. Isa said that Algatech is looking to commence construction of its second astaxanthin production facility in Brunei by year-end. The facility will be built on a five-acre site leased from the Brunei Economic Development Board. “The new plant will cost slightly more than the RM27 million ($6.6 million US) Malaysian factory and will take a year to complete,” he said. “The new facility will double our production to seven tons of astaxanthin biomass per month, and will enable the Brunei government to explore new sectors, particularly in pharmaceuticals.”

Algaetech’s health supplement line, which is currently undergoing licensing reviews by the National Pharmaceutical Control Bureau, is expected to launch in September.

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