Weekly Roundup: Nestlé revives Zimbabwe's coffee industry, Corbion achieves sustainability rating from Ecovadis

07 Sep 2018 --- This week, Nespresso, an operating unit of the Nestlé Group, announced a long-term investment plan to help revive Zimbabwe’s coffee industry and stimulate the rural economy. DuPont Nutrition & Health has been recognized for clean label innovation in Brazil. Corbion has achieved a gold sustainability rating from Ecovadis and TIC Gums has added to their Non-GMO Project Verified Portfolio. Also this week, Nestlé completed the acquisition of a majority stake in Terrafertil and UK-based Finsbury Food Group acquired Ultrapharm for £17 million (US$21.9 million).

The flavors shake-up: Ethnic, rich and authentic options pushed to the fore

14 Aug 2018 --- The last few months have seen a real shake-up in the flavors space with International Flavors & Fragrances (IFF) beginning a new chapter with the combination of Frutarom. The news came as Swiss-headquartered market leader Givaudan completed the acquisition of 40.5 percent of the shares of Naturex for €135 per share, with plans underway to take complete control of the natural ingredients supplier. The acquisition of such a significant shareholding in Naturex fits with Givaudan’s 2020 strategy to expand its offering to deliver natural products to customers.

Symrise reports accelerated organic growth, expands business in all segments

14 Aug 2018 --- Symrise AG (Symrise) has accelerated its organic growth course in the second quarter. All segments and regions contributed to this positive development, according to the company. Group sales rose significantly by 9.0 percent in the first half of 2018 and earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to €317.1 million (H1 2017: €322.9 million). Against the background of this positive business performance, Symrise is refining its outlook for 2018. The group now expects an increase in annual sales above the medium-term target corridor of 5 to 7 percent, therefore growing significantly faster than the market.

Global flavors & fragrances market to reach US$36 billion in 2022

06 Aug 2018 --- The global flavors and fragrances market continues to show good rates of growth across the various regions, according to IAL Consultants. The company has published the 11th edition of its report on the global markets for Flavors & Fragrances. The total global market reached US$28.2 billion in 2017, an increase of 4.6 percent compared to the previous year and is expected to grow at an average annual rate of 4.9 percent p.a. to reach approximately US$36 billion in 2022. Of the total world market, flavors account for approximately 56 percent and fragrances for the remaining 44 percent.

Weekly Digest: Symrise nominated for Sustainability Award, innovation in cricket protein flours

20 Jul 2018 --- Symrise has been nominated for the German Sustainability Award. Cricket protein brand Seek, has launched a new line of high protein and sustainable baking flours. Michel Burla, Managing Director of the Cereals and Ingredients Division of the Hochdorf Group, is to step down at the end of this year and GEA has been working with Almarai Company in Saudi Arabia to build the nation’s largest and most modern dairy processing facility.

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.

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