Unilever And Italy's Bio-on Partner On Line Of Ultra-Green Sun Creams

LONDRA (Alliance News) - Bio-on, an Italian intellectual property firm listed on the AIM segment ...

Alliance News 28 January, 2019 | 9:27AM
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LONDRA (Alliance News) - Bio-on, an Italian intellectual property firm listed on the AIM segment of Borsa Italiana, announced on Monday a partnership with Anglo-Dutch consumer goods giant Unilever PLC for a new range of environmentally responsible sun creams.

The two companies have created a line of sun protection products made from Bion-on's 100% natural and biodegradable bioplastic. The new products have been developed by Bio-on, and will be sold by Unilever under the brand name My Kai.

They are the first ones made using minerv bio cosmetics, the bioplastic micro powders first presented by Bio-on in spring 2017 and designed for cosmetics that respect the environment and human health. The innovation in this line is a series of ultra-green, high-performing SPF Boosters designed to improve sun protection products.

"This new product line is a concrete example of how Unilever sees sustainability and proposes innovative solutions for consumers, pursuing the goals stated in its Unilever Sustainable Living Plan business model," commented Fulvio Guarnieri, chairman & chief executive officer of Unilever Italia.

"With My Kai, Unilever is simultaneously fulfilling two objectives of the USLP: to help more than a billion people to improve their health and wellbeing by 2020 and to halve the environmental impact of its products by 2030", said Guarnieri.

Marco Astorri, Bio-on chairman & CEO, added: "We began industrial production of micro powders on schedule in autumn 2018 and, thanks to our ingredients and Unilever's help in organising distribution and sale, our My Kai creams will be on store shelves in March 2019, offering consumers a more eco-friendly alternative".

Unilever shares were trading 0.5% lower on Monday at 3,957.00 pence each in London. Bio-on shares were trading 2.1% higher at EUR62.60 each in Milan.

Di Ottavia Zanetta; ottaviazanetta@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Unilever PLC 4,763.00 GBX 0.74
Bio-on SpA

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