MG International Fragrance Company Joins TEİD Membership

Since 1961, MG International Fragrance Company has been producing essences and raw materials under the motto "passion for fragrance." The company has now joined the Ethics and Reputation Association (TEID), which brings together over 150 members from Turkey's leading institutions and organizations. Founded in 2010 with the objective of ensuring that principles and values of business ethics are adopted by all administrative and commercial functions of companies and become a way of conducting business, TEID comprises leading institutions and organizations that account for 15% of GDP and employ over 250,000 people. The new member of this prestigious association is MG International Fragrance Company, which ranks among Turkey's top 750 industrial enterprises and has received the "Outstanding Sectoral Performance" Award for the second time in the Chemistry Sector "Large-Scale Enterprise" category from the Kocaeli Chamber of Industry. [caption id="attachment_122784" align="aligncenter"] Zeynep Derya Mazıcı[/caption] Regarding TEID membership, MG INTERNATIONAL Legal Compliance Manager Zeynep Derya Mazıcı stated: "Within the framework of our commitment to ethical values over 60 years, our principles regarding sustainability and diversity, we have become members of the Ethics and Reputation Association (TEID), which includes Turkey's leading institutions and organizations. We are very proud to be part of such a valuable organization. We are aware of our responsibility to align our corporate vision with a structure that will pass it on to future generations under the TEID umbrella in line with our strategic objectives. We wish to express our satisfaction at being a member of this prestigious association and formally declaring that business ethics and values are part of our corporate policies as MG International Fragrance Company."

ABOUT MG INTERNATIONAL FRAGRANCE COMPANY

MG International Fragrance Company operates as a manufacturer in the cosmetics, personal care, hygiene, household cleaning and paper products sectors. It supplies essence compositions and raw materials to approximately 4,000 global manufacturers in over 72 countries and domestically, and ranks among Turkey's largest top 750 industrial companies. The Gebze facility, which MG International Fragrance Company commissioned in 2015, is the first integrated essence facility with the highest production volume under a single roof in the world, built on a 50,000 square meter area in GOSB. In the integrated facility employing nearly 300 personnel and featuring robotic systems with 28 kilometers of piping, production of over 200,000 essence formulas and 280 different raw materials is carried out simultaneously across eight different production lines, utilizing over 4,500 raw materials. MG International meticulously prioritizes environmentally conscious production, an "employee and customer first" approach, and efficient use of advanced technology to ensure healthy and safe working conditions. www.gulcicek.com

ABOUT TEID

TEID – The Ethics and Reputation Association was founded in 2010 with the objective of effective management of ethics and compliance risks, raising awareness levels regarding integrity, accountability and transparency, and making business ethics an integral part of the culture of companies operating in our country. Today, TEID continues its work with over 150 corporate members from sectors of great importance, which account for 15% of Turkey's GDP and employ over 250,000 people. Operating with the understanding that factors such as responsible citizenship, effectiveness of sustainable production policies, innovation policies, compliance with ethical rules and reputation are also important in defining a company's success alongside financial data, TEID continues to fulfill its role in private sector coordination in the implementation of anti-corruption agreements to which the Republic of Turkey is a party under the UN and OECD. Moreover, TEID plays an active role in transferring values existing worldwide in the field of ethics risk management to Turkey, and in this direction carries out the duties of TRACE International Turkey Representative, Global Ethics Network Regional Representative, European Business Ethics Network member, Basel Institute on Governance working group member, and OECD Anti-Corruption Working Group and Regional Advisory Board member.