October 1, 2003, LaGrange, IL – Cognis Nutrition & Health, a global leader in concept-driven customer solutions and natural ingredients for the dietary supplement and food industries, is proud to be the official sponsor of the SupplySide West educational program.
“This sponsorship allows Cognis to bring together some of the top minds in science and government to help our industry better do our jobs, and to explore new opportunities for innovation,” said Paul Allen, Group Vice President, Cognis Nutrition and Health. “The various sessions and events also give those in influential positions insights into the science and business behind our products, fostering better understanding. Our goal was to work with Virgo in raising the bar on the level of science presented at this show and we are delighted with the results,” he said.
The educational sessions include presentations by scientists from each of the six Dietary Supplement Research Centers funded by the National Institutes of Health. Dietary supplement ingredients being studied at these centers include soy isoflavones, tea catechins, grape seed extract, ginger, turmeric, St. John's wort, black cohosh and echinacea. Christine Swanson, Ph.D., program director of the Dietary Supplement Research Centers for the Office of Dietary Supplements, will also participate in the seminar program.
"This precedent-setting event provides invaluable opportunities for industry to learn what our government is doing to support research in many areas they may not be aware of,” Mr. Allen said.
A new addition to the education program was a featured presentation delivered by C. Lee Peeler, Deputy Director, Bureau of Consumer Protection, Federal Trade Commission. He discussed,” The Science of Compliance: What Supplement Marketers and Manufacturers Need to Know About FTC Enforcement". In this session, Mr. Peeler explored recent FTC actions of interest to the dietary supplement and functional food industries and the steps marketers should take to comply with federal truth-in-advertising standards. With the FTC since 1973, Mr. Peeler assists the director of the Bureau of Consumer Protection on a wide range of consumer protection policy and law enforcement issues, as well as in management of the Bureau.
Mr. Allen explained that the use of credible, science-based claims is critical to the success of the dietary supplement industry, and said “Cognis is very pleased to bring this important presentation to our colleagues."
A new Scientific Advisory Board also was created to review seminar proposals and determine which presentations to feature at SupplySide West.
Cognis (www.cognis.com) is a worldwide supplier of innovative specialty chemicals and nutritional ingredients with almost 9,000 employees in close to 50 countries. The company has dedicated its activities to a high level of sustainability and delivers natural-source raw materials and ingredients for food, nutrition and healthcare markets, and the cosmetics, detergents and cleaners industries. Additionally, Cognis provides solutions for a number of other industries, such as coatings and inks, lubricants, textiles and plastics, as well as agriculture and mining.
Cognis is owned by private equity funds advised by Permira, GS Capital Partners, and Schroder Ventures Life Sciences. In 2002, Cognis recorded sales of 3.1 billion euros and an operating profit before depreciation, amortization and exceptional items (EBITDA recurring) of 393 million euros. A turnover of 748.6 million euros was achieved in the first three months of 2003.
Cognis Nutrition & Health, a business unit of Cognis Group, provides antioxidant (including natural vegetable sterol esters), botanical and nature-based ingredients for dietary supplements; pharmaceuticals and healthcare; functional foods and medical nutrition; and animal nutrition. As a leader in food technology, Cognis manufactures emulsifiers, emulsifier-based compounds, and numerous other specialty products for the food industry worldwide.