EANS-News: Symrise AG
Symrise doubles capacities and strengthens market
leadership in the synthetic menthol segment
Holzminden (euro adhoc) -
- Capacity expansion in important growth market - Intensification of alliance with Lanxess AG
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Company Information
Subtitle: - Capacity expansion in important growth market - Intensification of alliance with Lanxess AG
Symrise AG is strengthening its global market leadership in the manufacture of synthetic menthol by significantly expanding production capacities. The company plans to double its existing capacity by the middle of 2012. With this project which aims at a strategically important growth market, Symrise is intensifying its alliance with Lanxess AG, which supplies Symrise with intermediate products in this segment.
Symrise, which manufactures synthetic L-menthol at its plants in Holzminden and Bushy Park (USA), has achieved global market leadership in this market segment. Menthol is an important ingredient in flavors for oral hygiene products, chewing gum and candy and one of the most important products of Symrise worldwide. The demand for menthol has been growing at a double-digit rate for years.
The capacity expansion is part of Symrise´s strategy to secure its own raw material base for important core products. The additional capacities are scheduled to be available in the middle of 2012.
Dr. Heinz-Jürgen Bertram, Chief Executive Officer of Symrise AG, said: "Symrise is already the global market leader in menthol production. The doubling of capacities sends a strong signal to our customers as we are further strengthening our competitiveness in this strategically important segment and we will further grow with menthols. Our customers will benefit from a secure supply of menthol and menthol-based flavors as well as an expanded product portfolio with new menthol properties."
"Our capacity extension represents a consequent step, given the continued strong growth in demand for menthol," added Dr. Norbert Richter, Senior Vice President of the business unit Aroma Molecules. "We move in lock-step with Lanxess, our partner of many years, which recently announced plans to also significantly expand production capacity for menthol intermediate products. This guarantees supply security along the entire value added chain." Dr. Hans-Georg Schmitt, head of the business unit Basic Chemicals at Lanxess AG, said: "With this step we are further expanding the cooperative relations between Symrise and Lanxess."
About Symrise Symrise is a global supplier of fragrances, flavorings and raw materials as well as active ingredients for the perfume, cosmetics and food industry. Its sales of EUR 1.36 billion in 2009 place the Company among the top four in the international flavor and fragrance market. Headquartered in Holzminden, Germany, Symrise is represented in more than 35 countries in Europe, Asia, the United States and South America. Used by manufacturers of perfumes, cosmetics and foods, our innovative products are an inseparable part of daily life. At Symrise we combine an awareness of consumer trends with cutting-edge technologies, focusing on developing innovative fashion and lifestyle products that have additional practical value for the consumer. Symrise - always inspiring more
www.symrise.com
end of announcement euro adhoc
Further inquiry note:
For press queries, contact: For investor queries, contact:
Bernhard Kott Dr. Andrea Rolvering
Tel. +49 (0)5531 90-1721 Tel. +49 (0)5531 90-1879
bernhard.kott@symrise.com andrea.rolvering@symrise.com
Branche: Chemicals
ISIN: DE000SYM9999
WKN: SYM999
Index: MDAX
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade