Chr. Hansen will expand and strengthen its research and development facilities in Denmark to meet the increasing demand for natural and sustainable products, the global bioscience company announced.
Chr. Hansen has entered into a cooperation agreement with PensionDanmark on a significant expansion of its main office campus and R&D facilities in Hoersholm, north of Copenhagen, while Catella Corporate Finance A/S will be its financial advisor.
The project includes the establishment of a modern innovation campus with laboratories for an additional 250 scientists.
The aim is to create future-proof facilities for research and development which will sustain Chr. Hansen's strong position as a preferred supplier of natural ingredients and microbial solutions to the global food, health and agricultural industries.
In addition to the labs, a major new application center will be established where Chr. Hansen, together with customers from all over the world, can test and tailor-make new and innovative products in a realistic production environment.
"This is truly an exciting project for Chr. Hansen, who has been growing steadily over the past years" said Chr. Hansen's CFO, Soeren Westh Lonning. "With this investment, we will ensure room for growth and innovation gearing ourselves for the future, which looks promising for a company that offers natural and sustainable solutions to some of world's most important challenges such as reducing food waste, feeding a growing world population and reducing the use of chemicals.
"A modern, flexible workplace with state-of-the-art labs in inspiring surroundings will help attract the talents we need to stay at the forefront and proceed on the sustainability journey. Moreover, it will contribute to strengthening our long-term position as a leading bioscience company."
Given the magnitude and strategic importance of the expansion to Chr. Hansen, it is critical to have a strong partner for the execution of the construction project, the company said.
PensionDanmark, one of the 50 largest pension funds in Europe, was found to be the best match.
"At Chr. Hansen, we direct our efforts to what we do best, which is developing, producing and selling natural ingredients and microbial solutions. We have a constructive dialogue with PensionDanmark and feel confident about leaving the construction project to them," said Lonning.
"We are proud that Chr. Hansen, who has been ranked as the world's most sustainable company, has chosen us as their partner on this project. Over the past decades, PensionDanmark has gathered solid experience as professional construction investor and co-developer on many large sustainable construction projects. This experience has given us the knowledge and competencies to execute special building projects together with our clients that meet their every demand," said Torben Möger Pedersen, CEO of PensionDanmark.
"We are a financially strong partner and we have a mutual interest in always keeping agreements on quality, on time and on budget. At the same time, it is important for us to demonstrate social responsibility and put demands on sub-contractors when it comes to ethics and sustainability in all processes, materials and working conditions. In this way, we share the same values as Chr. Hansen," Pedersen added.
The first ground will be broken next year, and the new buildings are expected to be finished late 2022.
The project focuses on making Chr. Hansen's campus a modern and future-proof center for innovation, knowledge sharing and customer support, and an efficient workplace for employees, with better opportunity for cross functional teamwork, the company explained.
Chr. Hansen moved its location to Hoersholm in 1988 after more than 90 years being based in downtown Copenhagen. The company was established in 1874 and has more than 3,700 employees in over 30 countries.
Visit Chr. Hansen at: www.chr-hansen.com