on Symrise AG (ETR:SY1)
Symrise Expands Production for Sustainable Musk Fragrance Ingredient
Symrise AG, the fragrance and flavor supplier, announced the expansion of its global production capacity specifically for Globalide®, a sustainable macrocyclic musk fragrance ingredient. The move involves significant investment in India, enhancing its capacity to provide this strategic component and positioning the company closer to burgeoning customer markets.
This initiative aligns with Symrise’s ONE Symrise strategy, focusing on strategic capital allocation, durable value creation, and profitable growth through specialized ingredients. Michael Friede, President of Scent & Care at Symrise, emphasized the expansion's role in enhancing their Scent & Care portfolio and stimulating growth.
Globalide® aims to support sustainable fragrance concepts with its biodegradable nature and strong olfactory performance. The additional capacity emphasizes Symrise's commitment to flexibly meet the rising market demand for high-quality and versatile fragrance ingredients, as stated by Dr. Keke Hiller, Global President of Aroma Molecules at Symrise.
R. P.
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