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Symrise AG (OJ:SY1) Corporate news announcement processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- --------------
Symrise is continuing to expand its expertise in the field of natural citrus flavorings: On November 14, 2008, the fragrance and flavoring manufacturer is opening a global citrus center in Sorocaba, Brazil. This marks a new and decisive phase in the international citrus campaign that began in March 2007.
The new Global Citrus Center is located in the Brazilian citrus belt in direct proximity to the world's most important regions where high-quality citrus fruits are grown. By having immediate access to such excellent raw materials and developing innovative proprietary technologies, Symrise will continue to solidify its market position in the field of citrus flavorings.
To make this happen, in Sorocaba the production capacities for spray-drying were tripled, and an environmentally friendly thermal oxidation facility was installed. With the help of optimized distillation equipment, citrus specialties can be made on a production scale. The Global Citrus Competence Center will develop and manufacture citrus flavorings and products such as terpenes, washings & extracts of citrus oils, folding of citrus oils, specialty oils and fractions via isolation and distillation, SBD dry emulsions, fruit juices and extracts.
Another addition is a pilot plant and a production plant for proprietary Symrise technologies such as SymTrap®, an energy-conserving technology for recapturing top-quality natural flavoring components that are usually lost when citrus fruits are industrially processed. A specially designed "Citrus Room" will offer inspiration to clients and employees alike.
Dr. Heinz-Jürgen Bertram, Global President, Flavor & Nutrition, explains the role that the site expansion has in the company's business strategy: "For quite some time, we have been pursuing a strategy of securing paths of direct access to high-quality raw materials in our central product categories. This allows us to guarantee optimal and dependable supply lines. Our clients can count on absolute reliability and transparency in tracking the origins of our raw materials. The long-term partnerships we have had with important citrus processing sites in South America give us control over every aspect of the supply chain, so we can vouch for sustainability. In Brazil we are actively working with and seeking new cooperative endeavors with citrus processors, growers, research institutes and NGOs. These projects are designed to focus our green technologies on strategically developing the Citrus business. Along with our decades of experience, our creative competence and our knowledge of the market, this makes us an indispensible partner in the field of citrus flavorings."
Hans Holger Gliewe, President of the Latin American region, Flavor & Nutrition, adds, "Brazil and Argentina have become the most important citrus-producing region. In the meantime, Brazil yields over twice as many fruits as Florida; over 50% of all of the world's oranges come from here. In Sorocaba, we not only benefit from good weather all year round and our network of reliable business partners, but from our energy supply there, which will remain price-stable in the long run. Having direct proximity to Argentina, the most important lemon processor, is a major issue for us as well."
"The goals for expanding the site are to keep enhancing the authenticity, sensory properties and quality levels of the natural citrus flavorings in the Symrise portfolio, to guarantee our clients a reliable long-term supply, to intensify client support on site, and to optimize the value-added chain for citrus with a special emphasis on environmental sustainability. In our effort to create products which are inspired by the research we do about prospective mega trends, our NATURALLY CITRUS! brand reflects a blend of nature and technology. Our wide range of next-generation citrus flavors and ingredients allows our customers to reinvent their brands by adding the emotional and sensorial values that arise from trends," says Erlon Pereira, Global Director, Citrus Business Development.
By the year 2012, two additional construction phases will be complete, and the size of the facility Sorocaba will have been expanded by a total of 30,000m².
About Symrise
Symrise is a global supplier of fragrances, flavorings and raw materials and active ingredients for the perfume, cosmetics and food industry.
Its sales of €1.27 billion in 2007 place the company among the top four in the international flavors and fragrances market. Headquartered in Holzminden, Germany, Symrise is represented in more than 30 countries in Europe, Asia, the United States and South America.
With more than 40 first patent applications per year, Symrise is one of the most innovative manufacturers on the market. Used by manufacturers of perfumes, cosmetics and foods, our products are an inseparable part of daily life. At Symrise we combine an awareness of consumer trends with cutting-edge technologies, focusing on innovative fashion and lifestyle products that have additional practical value for the consumer. Symrise - always inspiring more...
WKN: SYM999; ISIN: DE000SYM9999; Index: MDAX, TecDAX; Listed: Amtlicher Markt in Frankfurter Wertpapierbörse, Freiverkehr in Bayerische Börse München, Freiverkehr in Hanseatische Wertpapierbörse zu Hamburg, Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf, Freiverkehr in Börse Stuttgart, Prime Standard in Frankfurter Wertpapierbörse;
