US poultry flavors expansion: Diana investment stresses animal welfare goals

18 Jul 2018 --- Diana Food (part of Symrise) has revealed its plans to set up a new facility in Banks Crossing, Georgia, US, dedicated to chicken-based solutions from humanely-raised birds. According to the company, the plant will meet high animal welfare standards and will include a range of chicken fat, broth and powder products. Diana Food plans to open this new plant in October 2018, with ambitions to serve US customers in early 2019 from the facility.

Private label sector continues to impress, gains evident across Europe

29 Jun 2018 --- Retailer brands keep gaining popularity and market share across Europe. The latest Nielsen data shows that market share for private label increased last year in 12 of the 19 countries tracked for the Private Label Manufacturer's Association’s (PLMA) 2018 International Private Label Yearbook, and now stands at 30 percent or above in 17 countries. Private label reached an all-time high in Europe’s largest retail market, Germany, with its market share there climbing to over 45 percent for the first time. Market share also increased to its highest levels ever in six other countries: The Netherlands, Belgium, Sweden, Norway, Hungary and Turkey.

Weekly Digest: Univar becomes a signatory of the UNGC, Mars Wrigley & Kellogg announce leadership shake-up

15 Jun 2018 --- This week in business, Univar became a signatory of the United Nations Global Compact (UNGC), the world's largest corporate sustainability initiative, DuPont Nutrition & Health is working to ensure its products are produced in ways that protect the ecosystems and communities in which the business operates. Mars Wrigley Confectionery has promoted its current Chief Marketing and Customer Officer, Andrew Clarke, to the role of Global President and Kellogg has announced two leadership changes to help drive the company's growth strategy in the North American and European regions. Also this week, Symrise subsidiary Cobell has unveiled an upgraded Beverage Centre of Excellence in Exeter, UK.

Firmenich launches Natural and Clean Label platform as traceability evolution at major flavor houses accelerates

11 Jun 2018 --- Firmenich, the largest privately held flavor and fragrance company in the world, has launched its Natural and Clean Label platform to create “great tasting, natural and traceable food and beverage experiences.” Combining its mastery of taste and naturals, with its world-class science and consumer understanding, Firmenich is focused on creating the most authentic flavors. Committed to full traceability, Firmenich is going far beyond today’s labeling requirements to provide its customers and their consumers with information they can understand and trust.

Spice exploration: Symrise tempts with ethnic flavors

08 Jun 2018 --- Major flavor supplier Symrise claims to have created “previously unexplored ethnic spices and seasonings” that have their roots in Latin America, North Africa and Southeast Asia. Growing consumer trends toward exciting exotic and ethnic spices and seasoning flavors are driving new product development.

Givaudan completes acquisition of 40.5 percent stake in Naturex, confirms intention to go for outstanding shares

05 Jun 2018 --- Global flavors and fragrance company, Givaudan, has completed the acquisition of 40.5 percent of the share capital of Naturex at a price of €135 per share as announced on March 26, 2018 for a total consideration of €522 million. As a result, Givaudan has confirmed its intention to file a mandatory cash tender offer with the Autorité des Marchés Financiers for all remaining outstanding shares of Naturex.

Private label taste innovation: Symrise targets natural and sustainability platforms

30 May 2018 --- Flavor supplier Symrise is eyeing new opportunity in the rapidly diversifying private label sector as it looks to address consumer demands and evolve towards a taste rather than mere flavor approach under the “code of nature” platform. This strategy builds on four pillars: transparency, best natural, technology, and consumer value.

IFF CEO on Frutarom buy: Access to a broader middle market minimizes supplier exposure

22 May 2018 --- Andreas Fibig, CEO of International Flavors & Fragrances (IFF), has identified the broad base of small and medium-sized customers as a key benefit in acquiring Frutarom in a “transformational move” for the company. A base of 30,000 customers from the legacy Frutarom business compared to just 3,000 for the much larger New York-headquartered company, could provide an opportunity to replicate IFF’s Tastepoint model that has proved to be successful in meeting the needs of small and medium businesses in the US since its inception last summer.

Symrise compiles top trends for beverages, savory and sweet food

15 May 2018 --- Symrise has surveyed a wide-ranging group of chefs, pastry specialists and mixologists to compile its 2018+ Trends Report which includes the top 10 trends of the beverage, savory, and sweet food categories.

Symrise study reveals millennial interest in fermented foods

11 May 2018 --- Symrise has conducted an in-depth study of fermented ingredients and how they are making a comeback, especially amongst Millennial consumers.

Symrise reports strong organic growth of 7.5 percent in Q1

08 May 2018 --- Symrise AG remains on track for strong growth in the fiscal year 2018 and achieved a healthy 7.5 percent organic increase in sales in Q1. Taking into account portfolio and exchange rate effects, sales in the first quarter were up 1.5 percent to €776.9 million (US$925.4 million) (Q1 2017: €765.2 million (US$911 million)). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to €155.8 million (US$185.5 million). Due to negative currency effects and higher raw material costs, the EBITDA came in lower than in the prior-year period (Q1 2017: €165.5 million (US$197 million)). The EBITDA margin reached 20.1 percent and was within the medium-term target corridor of 19–22 percent.

Climate goals: Symrise named as SBT-certified company

30 Apr 2018 --- The number of companies with scientifically recognized climate targets has exceeded 100 for the first time in April 2018. The global Science-Based Targets initiative (SBT) certifies the climate targets of interested market participants according to whether they are in line with current research and are working to reduce CO2 emissions on par with the standards of the Paris Climate Agreement. Symrise is one of twelve German companies that have participated so far. The Holzminden-based company says it is ahead of its schedule when it comes to implementation.

Weekly Digest: Symrise obtains sustainability recognition, Nestlé invests in Chilean pet food facility

27 Apr 2018 --- This week in business, Symrise successfully obtained the FSC Chain of Custody (CoC) certification for ingredients derived from forest products and the European Dairy Association (EDA) has welcomed the conclusion of a political agreement on trade between the EU and Mexico. Plans for a new Dairygold facility are underway, in Cork, Ireland, which will significantly increase production capacity of Jarlsberg cheese up to 20,000 tons annually. Meanwhile, Nestlé UK and Ireland have taken the wrapping off a £3 million (US$4.1 million) upgrade to its head office site in York and Nestlé has also inaugurated a US$120 million pet food factory in Teno, Chile.

Symrise study: Nostalgia and comfort are key drivers in premium soup

26 Apr 2018 --- Symrise’s Marketing and Consumer Insights Group has conducted an in-depth research study to garner a better understanding of super premium soups. The company's expertise in the soup category leads them to be on the forefront of what is happening in this space and identify the key drivers of premium and high-quality soups.

Grill flavors banned in EU: Red Arrow and Symrise respond with alternatives as clock runs out

23 Apr 2018 --- Two commonly used grill flavors [Grillin’ 5078 and Grillin’ CB-200SF] are no longer allowed in the EU as of yesterday [April 22, 2018]. Despite efforts from the supplier Red Arrow Products [a Kerry business since the end of 2015] for a last minute reprieve for the flavorings, this has not been successful. 

Grill flavoring alternatives: Regulatory discussion spurs Symrise launch

13 Apr 2018 --- There is speculation that the European Commission may take action over the sale of certain grill flavorings later this month (April 22). There has been an ongoing discussion about the safety of “grill flavorings” due in part to their production process. While the regulatory fate of two of these flavorings will be clear later this month, Symrise is already jumping into this space with new solutions. The new solutions, which the Germany-headquartered flavor supplier presents as “Flavor Type Grill” as opposed to “Grill Flavors,” to avoid confusion, can be labeled as “natural flavorings.”

Weekly Digest: Symrise reaffirmed as a sustainable company, Givaudan launches digital campaign which “engages the senses”

13 Apr 2018 --- This week in business, the Ethibel Sustainability Index (ESI) Europe has reaffirmed Symrise as a sustainable company and IFF announced its newly published 2017 sustainability report that it has already surpassed its 2020 goals for water and greenhouse gas emissions amongst other achievements. Olam International has launched the Olam Living Landscapes Policy (OLLP) which supports a Net-Positive approach to agricultural supply chains and landscape management.

Symrise: Securing a strong community across the vanilla supply chain

03 Apr 2018 --- The demand for natural vanilla is rising continuously and with the price of the world’s most popular spice increasing, the vanilla market can be very complex. In 2007, Symrise took an important step in ensuring secure sourcing and quality across its vanilla supply chain and the company decided on a long-term oriented, intensive and holistic engagement in Madagascar.

Discover Beef: Symrise launches authentic profiles for savory applications

29 Mar 2018 --- Symrise Flavors has searched the kitchens of the world to identify and replicate the rich depths of beef for their Discover Beef line of flavors. Authentic profiles – including marrowbone, boiled, seared, roasted, grilled, pan dripping, braised, pot roast, broiled, and smoke beef flavors – are now available for a full range of savory applications.

Weekly Digest: Givaudan reaches 2020 goal for water reduction, Fonterra CEO resigns

23 Mar 2018 --- This week, flavor house Givaudan, announced that it has reached its 2020 target for reducing water consumption three years ahead of schedule, Nestlé Waters North America has announced that its Cabazon and Los Angeles, California factories achieved an AWS Gold certification and Arla has scooped first prize of best butter brand at the biannual World Championship Cheese Contest for its product Lurpak butter. Elsewhere, Fonterra has announced that CEO Theo Spierings will leave his role at the company later this year and CEO of GEA, Jürg Oleas is not seeking to extend his term of office beyond December 31, 2019. Also this week, FrieslandCampina introduced a range of organic dairy and Symrise is looking to boost its operations in the West African market.

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