EANS-News: Symrise AG
Twice the Amount of Freshness from Symrise: Production
Start for Expanded Menthol Capacities in Holzminden
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Plant Openings Subtitle: Expansion of market leadership through investment of 16 million Raw materials supply secured for strategically important products Partnership with Lanxess expanded Holzminden (euro adhoc) - On June 7, 2012, after just 560 days, the time had come: Symrise brought its expanded menthol capacities into operation, thereby doubling the production volume of this highly coveted raw material. At 2:00 p.m. on the dot, the first menthol left the production line from the new plant. Also there was partner, Lanxess, who delivers the preliminary product and has also invested extensively. Menthol is literally in every mouth, it cools the skin and offers a range of other desired characteristics. Demand is increasing both in industrialized nations and emerging markets. Symrise capitalizes on this dynamic trend and has invested EUR 16 million in its headquarters in Holzminden in order to double its menthol capacities. With this key milestone, the company aims at further expanding its leading market position. It is working closely in this field with its Leverkusen-based partner Lanxess, which is also expanding its capacities. In addition, Symrise is investing in the facility in Bushy Park in the United States in order to process greater volume flows around the world. Dr. Heinz-Jürgen Bertram, CEO of Symrise AG, spoke about the importance of this investment: "We are delighted to launch our new menthol capacities today after a construction time of just a little over 18 months. With this step, we are extending our leading position in this strategically important segment and investing in a key growth segment. The demand for menthol is experiencing double-digit percentage growth - primarily in the emerging markets. Their economic strength will have a significant effect on the global markets in the future." Symrise has been producing synthetic menthol since 1973 and offers its customers consistently high quality together with a wide range of different menthol products. The new plant was set up without interrupting operations - a particular challenge both technically and logistically. But Symrise mastered this major project with just 560 days of construction time. Dr. Norbert Richter, Senior Vice President of the Global Business Unit Aroma Molecules at Symrise, said: "Symrise has been producing synthetic menthol for more than 40 years and has long been established as the market leader. With this new plant, we have extended our product base and we are able to deliver consistently high quality to our customers - regardless of harvest and price volatility. We would like to thank all those who have helped us to realize this project in the shortest time possible." Dr. Hubert Fink, Head of the Basic Chemicals business unit at Lanxess AG, concurred: "Today, a new chapter has begun for menthol production. In order to cement our partnership, we have also expanded our capacities and look forward to the continued close and successful partnership." About Symrise Symrise is a global supplier of fragrances, flavorings, cosmetic active ingredients, and raw materials as well as functional ingredients. Its clients include manufacturers of perfumes, cosmetics, and foods, the pharmaceutical industry and producers of nutritional supplements. Its sales of EUR 1.584 billion in 2011 place Symrise among the top four in the global flavors and fragrances market. Headquartered in Holzminden, Germany, the company is represented in over 35 countries in Europe, Asia, the United States and Latin America. Symrise works with its clients to develop new ideas and market-ready concepts for products that form an indispensable part of everyday life. In doing so, Symrise combines its insights into consumer trends with cutting-edge technologies, focusing on innovative trend and lifestyle products that have additional practical value for the consumer. Symrise - always inspiring more www.symrise.com Further inquiry note: Media contact Bernhard Kott Phone +49 (0)5531 90-1721 bernhard.kott@symrise.com Investor contact Tobias Erfurth Phone +49 (0)5531 90-1879 tobias.erfurth@symrise.com end of announcement euro adhoc -------------------------------------------------------------------------------- company: Symrise AG Mühlenfeldstraße 1 D-37603 Holzminden phone: +49 (0) 5531/90-0 FAX: +49 (0) 5531/90-1649 mail: ir@symrise.com WWW: http://www.symrise.com sector: Chemicals ISIN: DE000SYM9999 indexes: MDAX stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English
Original-Content von: Symrise AG, übermittelt durch news aktuell