Symrise with successful Q1

Symrise AG started successfully into the fiscal year 2017. The Group seamlessly continued its performance from the previous year and again significantly increased sales and earnings in the first three months. Contributing to this development was strong demand in all segments. In the first quarter, Symrise increased its sales by 4.6 % to € 765.2…

Mondelēz International Reports Q1 Results

“We had a solid start to the year despite challenging market conditions,” said Irene Rosenfeld, Chairman and CEO. “We delivered both top-line organic growth and strong margin expansion in the quarter, while also making critical investments for our future. We remain confident in and committed to our balanced strategy for both top- and bottom-line growth, continuing to focus on…

Orkla Food Ingredients acquires Laan

Orkla Food Ingredients has published plans to acquire all of the shares of Laan Heiloo, producer of ingredients in the ice cream sector. Laan is a family-owned company in the Amsterdam area with a turnover of 5.8m Euro in 2016. Orkla Food Ingredients CEO said: “This acquisition is in line with Orkla’s desire to grow in selected…

ADM to buy Chamtor

Archer Daniels Midland (ADM) plans to acquire starch and sweeteners producer Chamtor, France. “After adding to our sweetener and starch capabilities in Eastern Europe, we are continuing to execute our strategy by expanding in Western Europe,” said ADM Europe, Middle East and Africa president Pierre Duprat. “70% of the European starch and derivatives market is…

DuPont to take on FMC’s health and nutrition business as part of swap deal

DuPont has entered into a definitive agreement with FMC Corporation to divest a portion of DuPont’s Crop Protection business, including certain research and development capabilities, and to acquire substantially all of FMC’s Health & Nutrition business. The transaction includes consideration to DuPont of $1.6 billion to reflect the difference in the value of the assets,…

Haribo cuts jobs in France

German confectioner Haribo restructures its plants in France in order to strengthen its workforce in the US. The company will reduce the number of workers in France by 100 to 650 by 2018. Haribo France and US chairman Jean-Philippe André mentioned if the agreement will not be implemented, one of the two plants in France…

Sustainable Delight: Initiative for Vanilla Farmers makes final round of GreenTec Awards

The “Vanilla – fair and sustainable” initiative is supporting vanilla farmers in Madagascar with education, fair prices and sustainable farming methods. Its purpose is to eliminate social and economic constraints that keep vanilla farmers trapped in a cycle of poverty and to thereby ensure better living conditions for 50,000 people in the grower communities of…

Symrise joins WBCSD

Symrise AG has joined nearly 200 forward-thinking companies as the newest member of the World Business Council for Sustainable Development (WBCSD). Symrise is a global supplier of fragrances, flavorings, cosmetic base materials and substances as well as functional ingredients. WBCSD is proud to welcome global flavor and fragrance supplier Symrise as its newest member. Symrise…

Symrise with strong sales

Symrise AG, Holzminden/Germany exceeded its targets for the fiscal year 2016. The Company benefited from strong demand across all segments and regions, increasing its sales by 12 % (local currency: 16 %) to € 2,903.2 million (2015: € 2,601.7 million). Normalized earnings before interest, taxes, depreciation and amortization (EBITDAN) grew by 9 % to € 625.2 million (2015: €…