Benzinga | Dec 29, 2020 06:05AM EST

Yatsen Enters Into Collaboration With Sensient Technologies To 'jointly establish Innovative Color Laboratories with operations in Shanghai, Guangzhou, and Singapore.'

GUANGZHOU, China, Dec. 29, 2020 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE:YSG), a leader in the rapidly evolving China beauty market, announced that it has entered into a strategic collaboration with Sensient Technologies Corporation and Sensient Technologies Corporation (China) Limited ("Sensient") to jointly establish Innovative Color Laboratories with operations in Shanghai, Guangzhou, and Singapore.

Through this collaboration, Sensient will channel its global laboratory experience to create new formulated solutions that match cosmetic trends in China and worldwide. Yatsen will contribute its vast experience in cosmetics and skincare to deliver innovative beauty products.

Sensient's experience in developing safe and innovative ingredients will undoubtedly be an advantage for Yatsen's rapidly expanding brands, as use of proper raw materials is critical for the quality of cosmetic products.

These Innovative Color Laboratories will focus on research and development of innovative colors and new materials for cosmetics, as well as the use of quality control for raw materials and the use of advanced technologies to solve recurring technical challenges in the cosmetics industry.

Sensient Technologies, with a 120-year history, is one of the world's largest food, cosmetics and colorants suppliers, and a leader in cosmetic product safety. Through its four innovation laboratories and six raw material-supporting factories around the world, it provides quality ingredients and colorants to the largest cosmetics manufactures worldwide.