Home / Knowledge / News / Textiles / Novozymes to set up new R&D centre in Denmark
Novozymes to set up new R&D centre in Denmark
05
Jun '15
Novozymes has acquired a 140,000 square metre site in Lyngby, located 13 kilometers north of Copenhagen to build a new campus dedicated to research and business development.

“This is an investment in the future, where the new innovation campus will be a cornerstone for our global research,” Per Falholt, executive vice president for R&D at Novozymes said.

“Novozymes is driven by innovation and this center will help strengthen our growth through developing ground-breaking biotechnology,” he added.

Approximately 14 per cent of Novozymes’ revenue is reinvested into research annually, leading to the development of over 100 new products since the company went public 15 years ago.

“These products are used globally and enable energy-efficient production, replacement of fossil fuels, more sustainable food production and other benefits,” it said in a press release.

“Our new campus will be important in creating the ultimate conditions for product development while simultaneously offering our employees a great workplace,” Per Falholt informed.

As part of the campus construction, Novozymes will also establish a learning centre where students and visitors alike are invited to discover and learn about the magic of nature and biology.

The learning centre will include teaching laboratories, a small cinema and a cafe, and will function as a link to the research environment in Lyngby.

More than 20 per cent of Novozymes’ 6,500 employees work within research and development an in Denmark alone, Novozymes employs 2,700 people.

“Novozymes’ project is ambitious and fits perfectly into our goal of developing as a knowledge and University city,” said Sofia Osmani, mayor of Lyngby-Taarbæk, where Novozymes is setting up the centre.

“The new innovation campus will strengthen education, research and business in the municipality and Novozymes also shares our aim to maintain and develop the area as a green recreational oasis,” she added.

The inauguration of the new innovation campus is expected to take place in 2018 upon the approval of the district plan.

Novozymes’ investment in the new innovation campus is included in the company’s previously announced long-term capex guidance.

Capex is expected at around 8 per cent of turnover on average in the period up to and including 2020.

With the new campus, Novozymes will have room for the expected growth in the number of employees in Denmark until after 2020, and units from Bagsværd will move to the new site in Lyngby once it is established.

In accordance with the 2015 financial outlook, Novozymes still expects net investments of around DKK 1 billion in 2015.

Novozymes will run the learning centre which will beopen for pupils, students and other visitors to learn about biology and nature. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Pressure on  Indian textiles exporters to ease by Q3: ICRA

Textiles | On 17th Oct 2017

Pressure on Indian textiles exporters to ease by Q3: ICRA

Pressures on the profit and debt levels of textiles exporters is...

S Korean fashion brands expand overseas amid slump at home

Fashion | On 17th Oct 2017

S Korean fashion brands expand overseas amid slump at home

South Korean fashion firms are keen on tapping into overseas markets...

GMAC urges Cambodia to push fabric-forward rule in RCEP

Apparel/Garments | On 17th Oct 2017

GMAC urges Cambodia to push fabric-forward rule in RCEP

Representatives from the Garment Manufacturers Association of...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search