In New York, Sourcing Journal reported that French bio-tech company Pili is using part of the $15.8 million in Series A funding it received earlier this year to build out an operations team.
The company recently announced that it has hired Alain Pinchart, ex-CEO of Noveal, a development and manufacturing subsidiary of L’Oreal group, as director of operations and Yves Combret, previously director of strategic projects at Adionics, a lithium extraction technology company, as production manager.
The newly formed department will be responsible for completing the industrialization of Pili processes and managing the production of the company’s product portfolio. This department will also be in charge of building a large-scale manufacturing site, according to the report.
Founded in 2015, Pili develops and produces bio–based dyes and pigments to help the color industry reduce its environmental footprint.
More on the story.
