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News Archives
Symrise
Full Year 2010 Sales
- Holzminden, March 9, 2011 - Symrise increased sales
in 2010 by 15.4 % to € 1.571.9 million (+11% in local
currency) and exceeded its target to achieve sales growth of
at least 8 %. Scent & Care sales increased 17.9% to €
804.5 million while Flavor & Nutrition sales increased
12.9% to € 804.5 million.
Mane
- 2010 Sales increase of 27.6% - February 15, 2011 -
Mane achieved a consolidated turnover of 480.1 million euros
in 2010, up 26.7% from 376.2 million euros in 2009 (personal
communication).
IFF
4th Qtr & Full Year 2011
Sales
- Feb. 10, 2011 - IFF full
year 2010 sales were $2,622.9 million, an increase of ~13%
in reported sales as well as local currencies. For the 4th
Qtr 2010, sales were $629.9 million, an increase of 7.6%.
Fragrance sales for the full year were $1,419.6 million
(+14.0%) while 4th Qtr sales were $331.6 million (+5.1%).
Flavor sales for the full year were $1,203.3 million
(+11.3%) while 4th Qtr sales were $298.2 million (+10.4%).
Net income for the full year increased 34.8% to $263.6
million.
Givaudan
Full Year 2010 Sales
- Geneva, 8 February 2011 – In 2010, Givaudan
Group sales totalled CHF 4,239 million, an increase of 8.9%
in local currencies and 7.1% in Swiss francs compared to the
previous year. Sales of the Fragrance Division were CHF
1,988 million, an increase of 10.5% in local currencies and
9.0% in Swiss francs. Sales of the Flavour Division were CHF
2,251 million, an increase of 7.5% in local currencies and
5.4% in Swiss francs compared to the previous year.
Sensient
F&F 2010 Sales
- Milwaukee, Feb 04,
2011 - The Flavors & Fragrances
Group reported full year 2010 sales of $809.1 million, an
increase of 4.7% vs. 2009. Operating income for the same
period declined 2.0%. For the 4th Qtr, F&F sales were
$206.1 million, up 5.2% while operating income declined
0.5%. As these figures include dehydrated products such as
dehydrated vegetables that are about 28% of sales, we
estimate that the sales of conventional flavors &
fragrances in 2010 were about $582.6 million.
FEMA GRAS
List 25 -
January 25, 2011 - This list of substances will appear in
the 25th publication authored by the Expert Panel of the
Flavor and Extract Manufacturers Association on recent
progress in the consideration of flavoring ingredients
“generally recognized as safe” (GRAS) under
conditions of their intended use in food flavorings in
accordance with the 1958 Food Additives Amendment to the
Federal Food, Drug and Cosmetic Act.
Robertet
Full Year 2010 Sales
- 17 January 2011 - Robertet has reported sales for
2010 of 362.25 million euros, an increase of 18.7% over
2009. Fragrance sales increased 15.7% to 130.6 million
euros. Flavour sales increased 17.3% to 143.5 million euros
and Ingredient sales increased 26.1% to 85.8 million
euros.
Pinova Acquires
LyondellBasell Flavors & Fragrances - December
23, 2010 - BRUNSWICK, GA and JACKSONVILLE, - Pinova
Holdings, Inc. ("Pinova Holdings"), the parent company of
Pinova, Inc. ("Pinova"), today announced that it has
acquired LyondellBasell Flavors & Fragrances, LLC
("LBFF") from LyondellBasell. LBFF is now renamed
Renessenz.
Renessenz will continue to be led by its current management
team. LBFF has more than 400 customers in 48 countries and
is one of the world's largest producers of terpene flavor
and fragrance ingredients derived from natural and renewable
raw materials. Pinova is a leading global supplier of wood
and gum rosin and polyterpene resin specialty chemicals
derived from natural and renewable raw materials. Together,
the combined companies will have sales of more than US$250
million and about 450 employees. "We are very pleased to
welcome LBFF into the Pinova family," said David Bookbinder,
Executive Chairman of Pinova Holdings. "This is an excellent
business with a long history of successful innovation,
industry leading customers, a broad array of products, and
experienced and dedicated employees. We plan to invest in
LBFF and its people, just as we have done with Pinova, with
the aim of generating growth by delighting our customers
through innovation and outstanding service. We believe that
LBFF is a great strategic fit including a similar natural
and renewable raw material platform. Pinova Holdings is a
portfolio company of TorQuest Partners, a leading Canadian
private equity firm.
T.
Hasegawa 2009-2010 Sales Results - December 13,
2010 - for the full year ending September 30, 2010
consolidated net sales were ¥ 45,167 million, up 4.4%.
For the same period, net income increased 58.5% to ¥
2,840 million.
Takasago
Half Year 2010-2011 Sales
- November 22, 2010 - Sales for the half fiscal year
ending September 30, 2010 were ¥ 60,547 million, up
2.9% from the prior year while net income increased 85.1% to
¥ 3,325 million.
Frutarom
3d Qtr 2010 Sales
- Haifa, Israel – November 16, 2010 - Frutarom's
revenues in the first 9 months of the year totaled US$ 338.7
M, an increase of ~ 8.2% in local currency terms compared to
the first nine months of 2009 which totaled US$ 316.7. In
US$ terms, Frutarom's sales increased by ~ 6.9% compared to
the first nine months of 2009. Frutarom's revenues in 3d Qtr
2010 totaled US$ 111.0 M, an increase of 4.8% vs 2009. The
weakening of the Euro and the Pound Sterling against the
US$, which was slightly offset by the strengthening of the
Swiss Franc and the NIS against the US$, resulted in a 0.6%
decrease in sales in US$ terms compared to 3d Qtr 2009.
Amyris
Enters Into Collaboration and Joint Development Agreement
with Firmenich
-
November 10, 2010 - Amyris, Inc. announced today that
it has entered into a collaboration and joint development
agreement with Firmenich. This is the first agreement for
Amyris in the fragrance and flavor industry and provides an
opportunity to add higher-value ingredients to their
expanding product portfolio. Under the agreement, Firmenich
will fund technical development at Amyris to produce a
sustainable, cost-effective and reliable source of a key
ingredient for the fragrance and flavor market. Under the
agreement, Amyris will manufacture and supply product to
Firmenich, Firmenich will market and distribute the product,
and the parties will share in the economic value derived.
The agreement between the parties also grants worldwide
exclusive commercialization rights in fragrance and flavor
to Firmenich for the ingredient, which will be manufactured
by Amyris. In addition, Firmenich has an option to
collaborate with Amyris to develop a second ingredient.
Symrise
9 Month 2010 Sales
- Holzminden, November 9, 2010 - In the first three
quarters of 2010 Symrise increased Group sales by 16.4 %
(12.4 % at local currency) from €1,037.5 million to €1,207.7
million. The Group enjoyed strong demand in established as
well as in emerging markets, with th latter being 46 % of
sales. Scent & Care sales rose 19.9 % to €621.8 million
while Flavor & Nutrition rose 12.9% to €586.0
million.
IFF 3d
Qtr 2010 Sales
- New York, 4 November 2010 - IFF reported 3d Qtr
2010 revenue of $673.3 million, 9.9 % higher than the prior
year quarter. For the 9 months, sales increased 14.5% to
$1,993 million. Flavor sales increased 9.1% in the 3d Qtr to
$300.5 million and for the 9 months were up 11.6% to $905
million. Fragrance sales were up 10.5% in the 3d Qtr to
$337.2 million and for the 9 months increased 17.1% to
$1,088 million.
Sensient
F&F 3d Qtr 2010 Sales
- Milwaukee, October 27,
2010 - The Flavors & Fragrances
Group reported 3d Qtr sales of $207.2 million, an increase
of 6.4% vs. 2009. For the 9 monrth period F&F sales were
$603 million, up 4.5%.
Firmenich
2009-2010 Sales
- Oct. 13, 2010 - For the financial year ended June
30, 2010, Firmenich posted record sales of CHF 2873 million,
an increase of 12.1% in local currencies and 8.7% in Swiss
Francs, regaining its position as growth leader in the
fragrance and flavor industry. This performance was driven
by double-digit growth in Perfumery and Flavor segments,
with a particularly strong rebound in Fine Fragrance during
the second half of the year. The perfume and flavor
ingredients business followed the trend, recording a healthy
high single-digit growth performance.
Leffingwell estimates that Firmenich increased market share
by about 1.7% in the period.
Givaudan
3d Qtr 2010 Sales
- Geneva, 8 October 2010 – In the first 9 months
of 2010, Givaudan recorded sales of CHF 3,283 million, an
increase of 9.8% in local currencies and 8.5% in Swiss
francs with both divisions contributing to this good result.
In the first 9 months of 2010, the Fragrance Division
recorded sales of CHF 1,539 million, a growth of 12.0% in
local currencies and 10.9% in Swiss francs. In the 3d Qtr,
Fragance division sales increased 12% in local currencies
and 10.9% in Swiss francs. In the first nine months of 2010,
the Flavour Division recorded sales of CHF 1,744 million, an
increase of 7.9% in local currencies and 6.5% in Swiss
francs. In the 3d Qtr, Flavour division sales increased 7.5%
in local currencies and 3.8% in Swiss francs.
Symrise
Half Year 2010 Sales
- Holzminden, August 10, 2010 - Group sales were up
16.4 % to to €797.5 million with 46 % of sales generated in
emerging markets - Scent & Care sales rise 20 % while
Flavor & Nutrition rose 12.8%.
Givaudan
Half Year 2010 Sales
- Geneva, 5 August 2010 - Group sales for the first
six months of the year totalled CHF 2,199 million, an
increase of 10.5% in local currencies and 10.2% in Swiss
francs compared to the previous year. Fragrance Division
sales were CHF 1,017 million, an increase of 13.3% in local
currencies and 13.1% in Swiss francs versus the same period
in 2009. Flavour Division sales were CHF 1,182 million, an
increase of 8.1% in local currencies and 7.8% in Swiss
francs compared to the previous year. Operating income
increased to CHF 330 million from CHF 245 million last year.
On a comparable basis, excluding CHF 47 million of
integration costs and impairments, the operating income
increased to CHF 377 million in 2010 from CHF 282 million
for the same period in 2009.
IFF Half
Year 2010 Sales
- New York, 5 August 2010 - IFF reported second
quarter 2010 revenue of $666 million, 17 % higher than the
prior year quarter. For the Half year, sales also increased
17% to $1,319.7 million. Flavor sales increased 12.8% in the
2d Qtr to $304.3 million and for the half year were also up
12.8% to $604.5 million. Fragrance sales were up 21.1% in
the 2d Qtr to $361.5 million and for the half year increased
20.8% to $715.2 million.
Mane’s
Monomenthyl Succinate Patents
Affirmed - LE
BAR-SUR-LOUP, FRANCE, August 4, 2010 – Mane is pleased
to announce that the U.S. Patent Office has recently
confirmed the validity of all claims of its U.S. Patents
Nos. 5,725,865 and 5,843,466 which cover the use of
Monomenthyl Succinate (MMS) as a cooling additive in food
and beverage products. This confirmation rejects a petition
for reexamination filed by International Flavors and
Fragrances, Inc.
Mans
Boelens Passes
- It is with great sadness
that we report Mans Boelens passed away on July 22, 2010. He
was 79. He will be missed by all in the F&F industry. A
pioneer in many areas - GC-MS, synthesis, structure-odor
relationships, Chirality & odour as well as a foremost
expert in essential oils. For those of us at Leffingwell
& Associates, he was a partner and collaborator that
developed the ESO, VCF, FRM, PMP and PFC databases that are
so widely used in our industry. But most of all we will miss
a very good friend.
Sensient
F&F 2d Qtr 2010 Sales
- Milwaukee, July 23,
2010 - The Flavors & Fragrances
Group reported 2 Qtr sales of $205.0 million, an increase of
3.8% vs. 2009. For the first half of 2010 F&F sales were
$ 395.7 million, also up 3.8%.
Robertet
2d Qtr 2010 Sales
- 20 July 2010 - Robertet has announced that its Q2
2010 turnover increased by 30.1%, to 98.9 million euro. For
the half year 2010, sales were up 21.8% to 183.6 million
euros. For the half year "natural" raw materials were up
31.9%, fragrance was up 21.4% and flavor up 16.8%.
Firmenich
- New Head of Perfumery
- June 30, 2010 - Firmenich has appointed Armand de
Villoutreys President Perfumery Division and a member of its
Executive Committee, effective July 1, 2010. He succeeds
Michel Bongi, who retires after 39 years with the company,
eight of which as Head of Perfumery on the Group’s
executive team.
Redpoint
Bio and IFF sign deal
- June 30, 2010 - IFF has been granted a 5 year
exclusivity period to commercialize Redpoint's natural
sweetness enhancer RP44 (Rebaudioside C).
Symrise
to double L-menthol
production -
Holzminden, June 10, 2010 - The company plans to double its
existing capacity by the middle of 2012.
BASF
adds L-menthol to product
range - June
2, 2010 - BASF is constructing a new production plant for
the aroma chemical L-menthol at the company's Ludwigshafen
site. The new plant is expected to come on stream in 2012.
L-Menthol is another important addition to BASF's citral
value chain.
BASF
Menthol Process
- June 1, 2010 - a mini-review of recent
developments
World
Perfumery Congress
- June 1 - June 4, 2010 in Cannes, France - BASF
to introduce Lysmeral® Extra (Improved
lily-of-the-valley scent), Pyranol - a mild, harmonious
floralcy resembling muguet (lily of the valley) and Prenyl
acetate.
Takasago
Full Year 2009-2010 Sales
- May 14, 2010 - Sales for the full fiscal year
ending March 31, 2010 were ¥114,347 million, down 7.8%
from the prior year.
A.M.
Todd Organization Changes
- Kalamazoo, MI - May 12, 2010 - Henry Todd, Sr. has
decided to retire after serving for more than 10 years as
Chairman & CEO of the A.M. Todd Group. Mr. Todd spent
his entire 41 year career at the company, including his role
as President of Zink & Triest from 1993 through 2002. He
will remain on the Board of Directors. Succeeding Mr. Todd
in the role of President & CEO is Raymond J. Hughes.
Prior to joining A.M. Todd as President of the
Ingredients„ Flavors Division in 2006, Mr. Hughes
spent more than 25 years in the flavor and fragrance
industry, leading the North American Flavor Division at
Symrise as President following the Dragoco/ H&R merger
in 2002. Before that he was President & CEO of Dragoco
North America. Mr. Hughes is currently the President of the
Flavor and Extract Manufacturers Association of the United
States as well as a Board member of the International
Organization of Flavor Industries based in Brussels
Belgium.
IFF
1st Qtr 2010
-
May 6, 2010 -
International Flavors & Fragrances Inc. has
reported 1st Qtr 2010 revenue of $653.9 million, 16.8%
higher than the prior year quarter. Total revenue in local
currency increased 13 percent. Flavor sales increased 12.8%
(+8% in local currency) to $300.2 million. Fragrance sales
increased 20.1% (+18% in local currency) to $353.7
million.
Symrise
1st Qtr 2010
-
May 4, 2010 -
Symrise significantly increased sales and earnings in
the first quarter of 2010. In an improving market
environment the company saw sales al local currency grow
13.2 %, or 12.8 % (to € 392.5 million) at actual rates.
Scent & Care posted sales of € 204.8 million (13.9 %)
& 14.1 % in local currency. Flavor & Nutrition saw
sales rise 12 % (12 % at local currency) to € 186.2
million.
Senomyx
1st Qtr 2010 Highlights
-
April 29, 2010 - “The beginning of 2010 has been
very eventful for Senomyx,” stated Kent Snyder, CEO of
the Company. “We strengthened our balance sheet through
our February financing and the receipt of nearly $10 million
in milestone and license fee payments from collaborators. In
addition, for the first time in Senomyx’s history,
three of our collaborators, Nestlé SA, Ajinomoto Co.,
Inc., and Firmenich SA, are conducting new market
introductions of products that contain Senomyx flavor
ingredients. Revenues were $7.7 million for the first
quarter of 2010, compared to $3.5 million for the first
quarter of 2009, an increase of 120%. The increase was
primarily due to the recognition of $4.7 million in license
fee, milestone, cost reimbursement and R&D funding
revenue related to the Company’s August 2009 Sweet
Enhancer collaboration with Firmenich. First quarter 2010
revenues include a total of $2.4 million in non-recurring
milestone payments and cost reimbursements from
collaborators.
Sensient
F&F 1st Qtr 2010 Sales
- Millwaukee, April 19,
2010 - The Flavors & Fragrances
Group reported 1st Qtr sales of $190.7 million, an increase
of 3.3% compared to 1st Qtr 2009 revenue of $184.5 million.
Revenue and operating profit, as reported, were up in the
traditional flavor product lines, but this growth was offset
by lower revenue and profits from the dehydrated flavors
product lines. Revenue and profits from dehydrated flavors
were down as a result of price adjustments in advance of
lower raw material costs. Group operating profit was $27.2
million, compared to $30.0 million in the comparable period
in 2009. Favorable foreign currency translation increased
Flavors & Fragrances Group revenue and operating income
by approximately 5% and 4%, respectively.
CPL
Aromas - April 19, 2010 -
CPL Aromas has relauched its website with highlights of
perfumer inspirations and the company's new EcoBoost and
Aromaguard technologies..
Givaudan
1st Qtr 2010 Sales
- Geneva, Switzerland
– 9 April 2010 – In the first quarter 2010,
Givaudan recorded sales of CHF 1,066.4 million, a strong
increase of 10.6% in local currencies and 9.2% in Swiss
francs. Both Fragrances and Flavours, contributed to the
strong result. The Fragrance Division recorded sales of CHF
495.7 million, a growth of 14.3% in local currencies and
13.1% in Swiss francs. Fine Fragrance sales grew by 26.9% in
local currencies. The Consumer Products business unit grew
by 10.5% in local currencies. Sales for Fragrance
Ingredients grew 18.0% versus the 1st Qtr of 2009. The
Flavour Division reported sales of CHF 570.7 million,
representing a growth of 7.6% in local currencies and 6.1%
in Swiss francs.
Frutarom
4th Qtr & Full Year 2009
Sales -
Haifa, Israel – March 16, 2010 - Frutarom's full year
sales fell 10.2% (in US $) vs. 2008, totaling $425.2
million. 4th Qtr sales increased 9.9% to $108.5 million.
Symrise
Full Year 2009 Sales
- Holzminden, March 3, 2010 - In 2009, Symrise had a
3.2 % increase in Group sales from € 1,319.9 mil-lion to €
1,362.0 million. Sales at local currency rose by 2.7 %. The
Flavor & Nutrition division increased revenues from €
648.1 million to € 679.7 million in the 2009. The Scent
& Care division benefited from an increase in business
during the second half of the year. Sales for the division
rose by 1.6 % to € 682.3 million (previous year: € 671.8
million).
Molecular
mechanism of the sweet taste
enhancers -
Insight on Senomyx's Sucralose & Sucrose enhancers.
Includes
4-Amino-5,6-dimethylthieno[2,3-d]pyrimidin-2(1H)-one
(FEMA# 4669, which appears on the Interim
FEMA list of substances that will appear in the 25th
GRAS List) FEMA# 4669 is included in Synomyx's United
States Patent Application 20080306093. A related sweetness
enhancer
(3-[(4-Amino-2,2-dioxido-1H-2,1,3-benzothiadiazin-5-yl)oxy]-2,2-dimethyl-N-propylpropanamide)
assigned FEMA# 4701 is included in Synomyx's WIPO Patent
Application WO/2008/154221.
Givaudan
4th Qtr & Full Year 2009
Sales
- Geneva - Feb. 16, 2010 -
In 2009, Givaudan group sales totalled CHF 3,959 million, an
increase of 1.4% in local currencies and a decrease of 3.1%
in Swiss francs compared to 2008. On a comparable basis (in
local currencies and excluding the impact of divestments),
sales increased by 1.6% versus 2008. The Fragrance Division
recorded full year sales of CHF 1,824 million, an increase
of 0.9% in local currencies and a decrease of 3.9% in Swiss
Francs. After a challenging first quarter, business momentum
recovered, improving consistently during the three
consecutive quarters. The Division achieved sales growth of
5.3% in local currencies during the 4th Qtr 2009. The
Flavour Division reported full year sales of CHF 2,135
million, representing a growth of 1.9 % in local currencies
and a decline of 2.5 % in Swiss francs. Excluding the
effects of the divested business, sales performance in local
currencies increased 2.2%. During the fourth quarter of this
year, the Division achieved sales growth of 4.3% in local
currencies.
Robertet
2009 Sales
- Feb. 15, 2010 - Robertet
has announced that its 2009 turnover increased by 0.6% to
305.1 million euro. The company's flavor division
(accounting for about 40% of the company's total turnover),
reported a 5.3% growth to 122.3 million euro.
Takasago
3 Qtrs 2009-2010 Sales Results - Feb. 12, 2010 -
For the 3 Qtrs period, April 1, 2009 - December 31, 2009,
sales declined 9.5% to ¥ 87,576,000. The company
projects a Consolidated Financial Sales Forecast for the
fiscal year (April 1, 2009 - March 31, 2010) of ¥
117,000,000, a decline year over year of 5.6%.
IFF
4th Qtr & Full Year 2009
Sales
- Feb. 09, 2010 - IFF full
year 2009 sales decreased 2.6% to $2,326.2 million vs 2008.
4th Qtr sales increased 8.6% to $585.6 million. Flavor sales
for the full year were down 1% to $1,081.5 million while
flavor sales in the 4th Qtr increased 7.8% to $270.2
million. For the full year 2009 Fragrances were down 4% to
1,244.7 million while 4th Qtr sales increased 9.4% to $315.4
million.
Mane
2009 Sales increase 13% - February 08, 2010 - Mane
achieved a turnover of 376.2 million euros in 2009, up 13.1%
from 332.5 million euros in 2008.
Sensient
F&F 4th Qtr & Full Year 2009
Sales -
February 05, 2010 - The Flavors & Fragrances Group of
Sensient reported revenue for the 4th Qtr. of $195.96
million, an increase of 2.3% compared to to the same period
in 2008. For the full year, sales declined 3.5% to $772.87
million vs the same 2008 period. As these figures include
dehydrated products such as dehydrated vegetables that are
about 29% of sales, we estimate that the sales of
conventional flavors & fragrances in 2009 were about
$548.7 million.
Senomyx’s
4th Qtr and Full Year 2009 Financials –
February 4, 2010 – Senomyx revenues were $4.9 million
for the 4th Qtr of 2009, compared to $3.5 million for the
4th Qtr of 2008. The increase was primarily due to the
recognition of revenue related to the Company’s 2009
Sweet Enhancer collaboration with Firmenich. In 2009, the
Company received $12 million in license fee payments related
to this collaboration, of which $1.4 million was recognized
as revenue in the fourth quarter of 2009. Revenues were
$15.5 million for the year ended December 31, 2009, compared
to $17.2 million for the year 2008. Annual revenue in 2008
included $3.6 million of revenue related to an $8.0 million
upfront payment associated with the expansion of the
Company’s collaboration with Ajinomoto in August 2007.
The upfront payment was recognized as revenue ratably over
the nine month period from August 2007 through April 2008.
This was partially offset by the recognition of revenue in
2009 related to the Company’s 2009 collaboration with
Firmenich. As noted above, in 2009, the Company received $12
million in license fee payments related to this
collaboration, of which $2.3 million was recognized as
revenue in 2009.
Firmenich
- New Flavors Head -
Geneva, Switzerland, January 13, 2010 –
Firmenich has appointed Aldo Uva Corporate Vice President
Flavors and a member of its Executive Committee, effective
January 2010. He replaces Don Hartman, who retired at the
end of 2009 after 38 years with the company, 12 as Head of
Flavors on the Group’s Executive Committee. Don Hartman
was instrumental in taking Firmenich from a small player in
the Flavors market to the number two position it enjoys
today.
Frutarom
3rd Qtr & 9 Month 2009
Sales -
Haifa, Israel – November 24, 2009 - Frutarom's 3rd Qtr
2009 sales totaled US $111.6 million, a decrease of
approximately 1.6% in local currency terms (-7.0% in US $)
compared to 3rd Qtr 2008. Frutarom's 9 month sales were US $
316.7 miliom, a decrease of approximately 4.3% in local
currency terms (-15.5% in US $) as compared to the first
nine months of 2008. The company's acquisitions of Oxford,
FSI and Chr. Hansen's savory business contributed an
estimated $8.1 million to 3rd Qtr and $17.2 million to its 9
month sales.
T.
Hasegawa 2008-2009 Sales Results - November 13,
2009 - for the full year ending September 30, 2009
consolidated net sales were ¥ 43,244 million, down
4.8%. For the same period, earnings declined 19.9% to ¥
1,792 million. For the fiscal year ending September 30, 2010
the company projects that consolidated net sales will
increase 2.3% to ¥ 44,260 million.
Takasago
Half Year 2009-2010 Sales Results - November 12,
2009 - for the fiscal half year (April 1, 2009 - September
30, 2009), Takasago has reported sales of ¥ 58,841,000,
a decline of 10.6%. In the same period, net income declined
45.6% to ¥ 1,796,000.
Symrise
3rd Qtr & 9 Month 2009
Sales -
Holzminden, November 5, 2009 - 3rd Qtr sales increased by
5.6% to €352.4 million compared to the 2008 period. 9 month
sales were €1,037.5 million, an increase of 2.8% (1.3% in
local currencies) vs 2008. Third Qtr sales for the Scent
& Care division were up 4.9% to € 175.0 million vs
€166.9 million in 2008. For the 9 month period, Scent &
Care sales were up 1.75% to €518.6 million vs €509.7 million
in 2008. The Flavor & Nutrition division posted 3rd Qtr
sales of €177.4 million vs 2008 period sales of €166.4
million, an increase of 6.6%. For the 9 month period, Flavor
& Nutrition sales were €518.9 million vs €499.8 million
in 2008, a 3.8% increase. Assuming that the company's
acquisitions had already belonged to Symrise at the
beginning of 2008, third-quarter sales rose substantially by
4%, while sales in the first nine months of 2009 lagged 2 %
behind the previous year’s nine-month figures due to
weaker sales in the preceding quarters of 2009.
IFF
3rd Qtr & 9 Month 2009
Sales
-
Nov. 4, 2009 - 3rd Qtr 2009 sales declined 1% to
$612.6 million from $617.5 million in 2008. On a local
currency basis sales increased 2%. For the 9 month period,
sales declined 6% to $1,740.5 million vs $1,850.3 million in
2008.
3rd Qtr Flavor sales were $275.4 million vs $278.2 million
in 2008 (a decline of 1%); however, on a local currency
basis, flavor sales were +2% for the Qtr. Nine month Flavor
sales were $1,740.5 million vs. $1,850.3 million in 2008 (a
decline of 5.9%).
3rd Qtr Fragrance sales were $337.2 million vs $339.3
million in 2008 (a decline of 0.6%); however, on a local
currency basis, fragrance sales were +3% for the Qtr. Nine
month fragrance sales were $929.2 million vs $1,008.4
million in 2008 (a decline of 7.9%)
Robertet
9 Month 2009 Sales
- October 30,
2009 - Robertet has reported 9
month sales of 229.8 million euros, a gain of 0.4% from the
2008 period. Flavor sales were 94 million (+7.3% vs. 2008)
and accounted for 41% of total sales.
Sensient
F&F 3rd Qtr & 9 Month 2009
Sales - Oct
16, 2009 - The Flavors
& Fragrances Group of Sensient reported revenue for the
3rd. Qtr. of $194.8 million, a decline of 4.8% compared to
to the same period in 2008. For the 9 month period, sales
declined 5.3% to $576.9 million vs the same 2008 period.
Givaudan
9 month 2009 Sales
- Geneva, 9 October 2009: Givaudan’s sales
momentum continues to improve with positive growth for the
last two quarters compared to the previous year. Sales
during the first nine months were CHF 3,025.5 million, an
increase of 0.4% in local currencies and a decrease of 3.9%
in Swiss francs. Excluding the effects of the divested
business in the Flavour Division, growth in local currencies
was 0.6%. The Fragrance Division recorded nine months
sales of CHF 1,387.6 million, a decrease of 0.4% in local
currencies and 5.1% in Swiss Francs. The sales recovery seen
in the second quarter continued into the third quarter, with
the division posting a growth of 3.1% in local currencies.
All businesses reported a positive growth in the third
quarter of 2009. The Flavour Division recorded sales
of CHF 1,637.9 million, representing an increase of 1.1% in
local currencies and a decline of 2.9% in Swiss francs.
Excluding the effects of the divested business, growth in
local currencies was 1.5%. The sales momentum for the
division continued to improve in the third quarter, with the
division posting a growth of 2.9% in local currencies.
Firmenich
2008-2009 Sales
- Oct. 7, 2009 - For the financial year ended June
30, 2009, Firmenich posted sales of CHF 2,641 million, a
decline of 4.3% in local currencies. Consumer products
linked to basic needs, like eating, drinking, washing and
cleaning, were the most resistant to economic crisis, while
discretionary Fine Fragrance suffered most. (It should be
noted , in contrast to most other companies who reported
full year sales as of December 31, Firmenich's reported
sales were from July 1, 2008 to June 30, 2009 - the full
period of one of the world's worst economic and financial
crisis).
IFF
Chairmen & CEO Amen
resigns -
Sept. 14, 2009 - International Flavors & Fragrances Inc.
said Monday that Chairman and CEO Robert Amen plans to step
down at the end September. It gave no explanation for the
departure of Amen, 59, who has been CEO for three years.
Board member Douglas Tough will become non-executive
chairman on Oct. 1 and take over as CEO no later than the
end of the 1st Qtr. 2010.. Tough, 59, currently is CEO and
managing director of Ansell Ltd. A temporary CEO office will
include Chief Financial Officer Kevin Berryman; Nicolas
Mirzayantz, who is group president of fragrances, and Hernan
Vaisman, group president of flavors.
Robertet
Half year 2009 Sales
- August 25, 2009 - Robertet's half year 2009 sales
were 150.72 million euros, down -2% from 153.85 million
euros in the same period 2008. Flavors increased +7.3% from
58.93 million euros to 63.25 million euros. Perfumery sales
declined 4.4% to 54 million euros compared to 56.5 million
euros in 2008. Raw materials declined 12% to 32.64 million
euros compared to 37.14 million euros in 2008.
Frutarom
2 Qtr & Half year 2009
Sales -
August 27, 2009 - In the first half of 2009, Frutarom's
sales totaled US$ 205.1 M, a decrease of approximately 5.5%
in local currency terms compared to the first half of 2008.
In dollar terms, sales in the first half of the year
decreased by 19.4% compared to the same period last year. In
the 2d Qtr of 2009, Frutarom's sales totaled US$ 106.7 M, a
decrease of approximately 5.5% in local currency compared to
the 2d Qtr 2008. In dollar terms, 2 Qtr sales decreased by
19.5% compared to 2d Qtr 2008. The three combined
acquisitions Frutarom made in 2009 - Oxford in the UK, FSI
in the USA and the savory activities of Chr. Hansen in
Germany, contributed approximately $5.6 million to the sales
in the 2d Qtr, and $9.1 million in the first half of
year.
Symrise
2d Qtr & Half year 2009
Sales -
Holzminden, August 6, 2009 - Half year sales rose from €
676.0 million to € 685.1 million in the first six months.
This represents an increase of 1% (at local currency: -1%)
vs. 2008. The Scent & Care division sales were stable in
the first half with € 343.6 million, compared to € 342.7
million in the previous year (at local currency: -2%). If
the effects of the acquisitions made in 2008 are taken into
account, sales in the division decreased by 3% (at local
currency: -6%). Flavor & Nutrition division sales rose
by 3% to € 341.5 million compared to € 333.3 million for the
1st half 2008. Adjusted for exchange rate effects, revenues
grew by 1%. In North America, the integration of Chr. Hansen
Flavors in 2008 had a positive effect on sales performance.
If the effect of the acquisition made in 2008 is taken into
account, sales in the division decreased by 2% (at local
currency: -4%). 2d Qtr sales in the Scent & Care
division were € 163.8 million vs. € 162.9 million in 2008.
2d Qtr sales for the Flavor & Nutrition division were €
174.7 million vs. € 175.1 million in 2008.
IFF
2d Qtr & Half year 2009
Sales - New
York, August 5, 2009 - 1st half 2009 sales were $1,127.9
million (-9%) vs. $1,232.7 million in 2008. 2d Qtr sales
were $568.3 million (-11%) vs. $636.1 million in 2008. Net
income for 2d Qtr 2009 was $95.3 million, down -23%. Net
income for 1st half 2009 was $48.1 million, down -28%.
Flavor sales for the 1st half were $535.9 million (-4.9%)
and for the 2d Qtr were $269.8 million (-6.9%) versus the
same periods in 2008. Fragrance sales for the 1st half were
$592.0 million (-11.5%) and for the 2d Qtr were $298.5
million (-13.8%) versus the same periods in 2008.
Givaudan
2d Qtr & Half year 2009
Sales -
Geneva, 4 August 2009 -
Sales for the half year totalled CHF 1,996 million, a
decrease of 0.9% in local currencies and 4.7% in Swiss
francs. Excluding the impact of the divested business in the
Flavours division, sales to June 2009 decreased by 0.6% in
local currencies versus the same period in 2008. During the
2d Qtr sales posted a slight growth of 0.9% in local
currencies compared to a decline of 2.1% in the 1st Qtr of
this year. The Fragrance Division recorded sales of CHF 899
million, a decrease of 2.3% in local currencies and 6.6% in
Swiss francs. During the 2d Qtr sales recovered and posted a
slight growth of 0.9% in local currencies compared to the
decline of 5.4% in the 1st Qtr of this year. The Flavour
Division recorded sales of CHF 1,097 million, an increase of
0.2% in local currencies and a decrease of 3.2% in Swiss
francs. Excluding the impact of the divested St Louis
business, sales in the first half year 2009 increased by
0.8% in local currencies versus the same period in 2008.
Senomyx
& Firmenich Collaboration - August 03, 2009 -
Senomyx & Firmenich have entered into a collaborative
research, development, commercialization and license
agreement for Senomyx’s novel flavor ingredients
intended to enhance the taste of sucrose (table sugar),
fructose, and Rebaudioside (stevia). During the
collaborative period, Firmenich will have exclusive rights
to commercialize selected Senomyx Sweet Enhancers worldwide
in virtually all food product categories not currently
licensed to other companies
Sensient
F&F 2d Qtr & Half year 2009
Sales - July
20, 2009 - The Flavors
& Fragrances Group of Sensient reported revenue for the
2d. Qtr. of 2009 of $197.6 million compared to 2d. Qtr 2008
revenue of $211.5 million (-6.6%). Group operating profit
increased 1.6%, to a record level of $34.2 million. Revenue
for the first six months of 2009 was $382.1 vs. 404.7
million in 2008 (-5.6%).
Symrise:
Dr. Heinz-Jürgen Bertram appointed as
CEO
- Holzminden,
June 4, 2009 - Dr. Bertram has been appointed to the
position of Chief Executive Officer of the flavors and
fragrances manufacturer Symrise AG effective July 1st, 2009
succeeding Gerold Linzbach. Dr. Bertram received his
doctorate in chemistry. He held a number of managerial
positions in the Research and Development area before taking
over responsibility for the Group’s global
manufacturing operations in 2005. He has been a member of
the Executive Board of Symrise AG since October 2006 when he
was appointed to head-up the Flavor & Nutrition
Division.
Alfred
Goossens honored
- the Society of Flavor Chemists honored Alfred
Goossens at their annual meeting on May 14th. Joan Harvey,
outgoing chairperson, presented Alfred with the Golden
Blotter Award in recognition of his outstanding
contributions to the society and the flavor industry. Prior
to retiring from IFF, he headed up the Far East (now Greater
Asia) division for the company. In recent years, he has been
active in establishing Flavorful Solutions and instrumental
in spearheading a viable "Library of the Flavor Chemists
Society".
Frutarom
1st Qtr 2009 Sales
- Sales in the 1st Qtr of 2009 were $98.4 million vs.
$122.0 million (-19.3%) vs. 2008; this was a decrease of
approximately 5.5% in local currency compared to the first
quarter of 2008. In the first quarter of 2009, net profit
was US$ 5.6 M (-42.3%) compared to US$ 9.7 M in 1st Qtr
2008.
Symrise
1st Qtr 2009 Sales
- Holzminden, May
7, 2009 - First quarter 2009 sales increased by 2.6% from €
338.0 million to € 346.7 million (-0.3% in local
currencies). Flavor & Nutrition generated sales of €
166.9 million. This corresponds to growth of 5.5% (3.1% at
local currency). Scent & Care sales were € 179.8, the
same as 1st Qtr 2008 (but -3.3% at local currency).
Takasago
2008-2009 Sales
- May 14, 2009 - Sales for the full fiscal year
ending March 31 were ¥123,973 million, down 0.2% from
the prior year - but beating the latest projection of
¥122,000 million issued in February. Flavor sales for
the year increased 2.5% while fragrance sales declined 3.4%.
Aroma chemical & Fine chemicals (combined) declined
4%.
IFF
1st Qtr 2009 Sales
- April 30, 2009 - Total sales were $560 million in
the current year quarter compared to $597 million in the
prior year period. The stronger U.S. dollar accounted for
$27 million of the decline in sales. Flavor sales in local
currencies were up 2 percent from the prior year period. The
growth was driven by higher volumes and wins in North
America as well as growth in Greater Asia. Fragrance sales
were down 5 percent in local currencies. This decline
reflects both a drop in consumption of Fine Fragrances and a
significant inventory correction by their Fine Fragrance
customers in EAME and North America.
Robertet
1st Qtr 2009 Sales
- April 29, 2009 - first quarter 2009 turnover of
74.7 million euros was down from 76.8 million euros in 2008.
Flavor sales increased from 28.7 million euros to 30.25
million euros. However, slight decines in both perfumery
sales and raw material sales resulted in the overall
decline
Sensient
F&F 1st Qtr 2009 Sales
- Apr. 20, 2009 -
Sensient's Flavors & Fragrances Group reported revenue
for the first quarter of 2009 of $184.5 million compared to
first quarter 2008 revenue of $193.2 million. Group
operating profit increased 4.0% to $30.0 million, a record
level for the first quarter. Operating income for the
comparable period in 2008 was $28.8 million. Unfavorable
foreign currency comparisons reduced Flavors &
Fragrances Group revenue and operating income by
approximately 9% and 8%, respectively. On a local currency
basis, quarterly revenue was up 4.2%, with solid growth in
all major markets. Local currency operating income increased
12.0% as price increases offset higher raw material and
energy costs. Group operating margins improved 130 basis
points in the first quarter to 16.2%.
Givaudan
- 1st Qtr 2009 Sales
- Geneva, Switzerland – 3 April 2009 – In
the first quarter 2009, Givaudan recorded sales of CHF 976.1
million, a decline of 2.6% in local currencies and 7.3% in
Swiss francs. Excluding the impact of the divested flavours
business in Saint Louis, sales declined by 2.1% in local
currencies.Strong destocking throughout the supply chain,
starting in the fourth quarter 2008, is the main driver of
this decline.
Takasago
CEO - March 25, 2009 - On March 24, 2009, Mr.
Hiroki Take, President and Chief Executive Officer of
Takasago International Corporation, died suddenly of heart
failure. He was 65. At an extraordinary meeting of the Board
of Directors held March 25th in Tokyo, Mr. Ritario Igaki was
elected as the new President and Chief Executive Officer of
Takasago International Corporation.
Frutarom
2008 Sales -
Haifa, Israel – March 19, 2008 - Frutarom reported
record sales of US$ 473.3 M for the year 2008 - a growth of
25% compared with 2007, excluding the effect of the
strengthening of European currencies and the Shekel against
the US dollar. Without excluding the aforementioned effect,
sales increased by 28.5%. At the same time, Frutarom
achieved an increase of 34.8% in the annual gross profit to
US$ 176.3 M, an improvement of gross margin to 37.2%
compared to 35.5% last year, a leap of 64% in operating
profit which totaled US$ 56.6 M. During the 4th Qtr of 2008,
Frutarom's sales totaled US$ 98.7 M, a decrease of 1%
compared to the same quarter last year, excluding the effect
of the weakening of the European currencies and the Shekel
(in which most of Frutarom's sales are made) against the US
dollar, at rates of up to 24%. Without excluding the
aforementioned effect, sales decreased by 9%. The
considerable trend of reducing inventory levels among
Frutarom's customers worldwide in the last few months, also
affected the decrease in sales during the fourth
quarter.
Givaudan
- sustainable supply of
benzoin -
Paris, France, 18 March 2009 – Givaudan has announced a
partnership focusing on the sustainable supply of benzoin
from Laos as part of its Innovative Naturals™
programme. The project involves economic and social
initiatives and aims to ensure a sustainable supply of
benzoin, a raw material used in Fine Fragrances and Consumer
Products and extracted as gum or 'tears' from Styrax
tonkinensis trees by villagers in northern Laos. It is the
third project in the Innovative Naturals™ programme to
be announced by Givaudan, joining those on the sustainable
supplies of sandalwood oil in Australia and tonka beans in
Venezuela.
Frutarom
to buy Flavor Specialties
Inc - March
4, 2009 - Frutarom Industries Ltd. announced that it has
signed an agreement to acquire Flavors
Specialties Inc. ("FSI") in consideration for a cash
payment of $17.2 million. The acquisition agreement
determines a future upwards or downwards earn-out mechanism,
based on the average EBITDA generated by FSI during the 24
months ending December 31, 2010, multiplied by 5.5. In
accordance with the earn-out mechanism, total consideration
could increase up to a maximum of $27 million or decrease to
$3.15 million. In 2007, FSI's sales totaled approximately
$11.2 million. The acquisition will be financed through bank
loans.
Symrise
Full Year 2008 Sales
Results -
Holzminden, March 4, 2009 - Overall sales for 2008 increased
to EUR 1,319.9 million (+6.5% in local currencies and +3.6%
in euros). Scent & Care increased to EUR 671.8 million
(+3% in local currencies and +0.1% in euros). Flavor &
Nutrition increased to EUR 648.1 million (+10.5% in local
currencies and +7.4% in euros). For the year, net income
dipped -7% in euros and - 2% in local currencies to € 90.4
million. "The sales performance of Scent & Care in
fiscal 2008 was mixed. While Life Essentials, Household,
Aroma Molecules and Mint performed according to plan, the
“luxury segments” Fine Fragrances and Personal
Care had to contend with demand problems caused by the
global economic situation. In 2008, Scent & Care
generated sales of € 671.8 million. As a result, including
the acquisitions Intercontinental Fragrances and Manheimer
Fragrances, sales reached the previous year’s mark. At
local exchange rates Scent & Care’s sales were up
by 3%. Excluding Intercontinental Fragrances and Manheimer
Fragrances, sales fell slightly by 0.7% to € 666.8 million
(+ 2.2% on a local currency basis). Including Chr. Hansen
Flavors, Flavor & Nutrition recorded sales of € 648.1
million in 2008, an increase of 7.4% (10.4% at local rates).
Excluding Chr. Hansen Flavors, sales rose by 2.4% to € 617.5
million (5.0% on a local currency basis). After the
acquisition in April, Chr. Hansen flavors posted sales of €
30.6 million."
Givaudan
Full Year 2008 Sales
Results -
Geneva, 17 February 2009. In 2008, Givaudan group sales
totaled CHF 4,087 million, an increase of 6.7% in local
currencies and a decrease of 1.1% in Swiss francs compared
to 2007. On a pro forma basis, excluding the impact of the
ongoing portfolio streamlining, sales increased by 2.5% in
local currencies. Including this effect, sales on pro forma
basis increased by 1.0% in local currencies and decreased by
6.4% in Swiss francs. Fragrance Division sales were CHF
1,898 million, an increase of 7.9% in local currencies and a
decrease of 0.1% in Swiss francs versus 2007. On a pro forma
basis, and, excluding the impact of discontinued
ingredients, sales grew by 1.7% in local currencies. Sales
of the Flavour Division were CHF 2,189 million, an increase
of 5.8% in local currencies and a decrease of 2.0% in Swiss
francs compared to the previous year. On a pro forma basis,
and, excluding the streamlining of commodity ingredients and
the St. Louis divestment, sales increased by 3.1% in local
currencies.
Takasago
Year 2008/9 Sales
Projections
- Feb. 12, 2009 - Takasago has
reduced its sales projections for the full fiscal year
2008/2009 ending March 31 to ¥122,000 million.
Robertet
Sales for 2008 - Jan 20, 2009 - For the full year
2008, sales increased 25.7% to 303.17 Million Euros,
reflecting the full year integration of the Charabot
sales.
Mane 2008 Sales -
Sales for the full year 2008 rose to 332.5 million Euros, an
increase of 8.2% year over year (personal
communication).
Frutarom
completes acquisition of
Oxford - Feb.
5, 2009 - Frutarom has finalized its acquisition of Oxford,
which brings it one step closer to its goal of being a $1bn
company by 2012.
IFF
Full Year 2008 Sales
Results -
Feb. 5, 2009 - Full year 2008 reported sales totaled $2,389
million, up 5% from 2007; Flavor and Fragrance sales
increased 9% and 2%, respectively. 2008 sales benefited from
the weaker U.S. dollar for most of the year. At comparable
exchange rates, sales would have increased 2% over the prior
year. Net Income was $230 million versus $247 million in
2007. The change is mainly attributable to $32 million of
higher interest expense in 2008, partially offset by higher
volume and favorable currency impacts. 4th Qtr. Sales in
local currency increased 2% versus the comparable period in
2007, whereas reported sales of $539 million were down 3%
due to the strengthening U.S. dollar. 4th Qtr. flavor sales
were up 3% in local currencies while reported sales
worldwide declined 1%, reflecting the stronger U.S. dollar.
Fragrance sales in local currency were flat versus the
comparable period last year, while reported sales were down
4%.
Sensient
F&F Full year 2008 Sales
Results -
Feb. 5, 2009 -Sensient Flavors & Fragrances reported
record revenue and operating income in 2008. Annual revenue
for the Group increased 5.4% to $809.6 million, compared to
$768.1 million in 2007. As these figures include dehydrated
products such as dehydrated vegetables that are about 27% of
sales, we estimate that the sales of conventional flavors
& fragrances in 2008 were about $591 million. Operating
income in 2008 was up 7.6% to $123.5 million, compared to
$114.7 million in 2007. For the 4th Qtr. F&F revenue was
$193.5 million, off 1.2% compared to 4th quarter 2007
revenue of $195.8 million. Quarterly operating profit of
$29.2 million was down 1.8% compared to prior year fourth
quarter operating income of $29.7 million. Quarterly revenue
and operating income on a local currency basis increased
5.8% and 5.4%, respectively. The stronger US dollar currency
translation reduced reported revenue and operating income
for the Flavors & Fragrances Group by approximately 7%
in the 4th quarter.
British
Society of Flavourists - will hold a Raw
Materials Exhibition in Geneva on the 25th February 2009 at
the Four Seasons Hotel, Geneva. Key suppliers of flavouring
ingredients will demonstrate their products to
delegates.
PureCircle
& Firmenich
- Jan. 6, 2009 - Geneva, Switzerland, PureCircle, the
world's leading developer, producer and marketer of
high-purity Rebaudioside A (Reb A), and Firmenich announced
today an exclusive global strategic collaboration to
accelerate the commercialisation of Reb A in the global food
and beverage industry. PureCircle, is the world's largest
supplier of high-purity Reb A, the first all-natural zero
calorie sweetener which can be used as a key ingredient in
mainstream food and beverages.
Frutarom
to acquire Oxford
- Jan. 6, 2009 - Frutarom has agreed to pay around US
$12m for Oxford, which has a production and development
plant in the north of England, not far from Frutarom’s
existing base. Oxford’s sales in 2007 were around US
$14m
Symrise
CEO to to leave in
2009 -
Holzminden/Frankfurt, Dec.16, 2008 - Gerold Linzbach
announces that he will not renew his contract as CEO of
Symrise AG in October 2009. The CEO of Symrise Dr. Gerold
Linzbach informed the Supervisory Board of Symrise that, for
personal reasons, he does not intend to extend his contract
beyond the end of October 2009.
Frutarom
3Q & 9 Mo. 2008 Sales
- Haifa, Israel – Nov. 20, 2008 - Frutarom sales
reached US$ 120 M for the third quarter of 2008 – a
growth of 36.9% compared to the same quarter in 2007, while
gross profit grew by 43.6% to US$ 45.3 M and operating
profit was US$ 15 M. During the first nine months of 2008,
Frutarom's revenues were US$ 374.6 M, a growth of 44.1%;
Gross profit grew by 48.5% to US$ 139.8 M and operating
profit increased 77% to US$ 48.2 M.
T.
Hasegawa 2008 Sales Results - for the full year
ending September 30, 2008 consolidated net sales were ¥
45,421,000, down 9.3%. For the same period, net profit
declined 46% to ¥ 2,238,000.
Senomyx
& Firmenich - Novel Sweetness
Enhancer -
November 6, 2008 – Senomyx & Firmenich have entered
into a collaborative commercialization and license agreement
for S2383, Senomyx’s novel enhancer of the
high-intensity sweetener sucralose. During the collaborative
period, Firmenich will be granted exclusive rights on a
worldwide basis to commercialize S2383 in virtually all
product categories. Upon commercialization, Firmenich has
agreed to pay Senomyx royalties on all sales of S2383 when
it is sold either on a stand-alone basis or within a flavor
system. On November 5, 2008 Senomyx announced receipt of a
GRAS (Generally Recognized As Safe) regulatory designation
for S2383. The GRAS status allows S2383 to be commercialized
in the U.S. and other countries. Senomyx has confirmed in
taste tests that the use of S2383 allows the sucralose in
simple product prototypes to be reduced by up to 75% while
maintaining the desired sweet taste.
Remembering Jean
Maubert - Nov. 4, 2008 - Jean Maubert, president of
the Robertet SA supervisory board, has passed away. He was
84.
IFF
3d Qtr. 2008 Sales Results
- Oct. 31, 2008 - IFF reported a third quarter sales
increase of 6 percent to $617.5 million vs 2007. Flavors
sales for the third quarter were $278.2 million, an increase
of 9 percent on a reported basis and 5 percent on a local
currency basis. Fragrances delivered sales of $339.3 million
in the 3d Qtr, an increase of 4 percent on a reported basis
and flat in local currency. For the nine months ending Sept.
30 total sales increased 7% to $1,850.3 million. Nine month
Flavor sales increased 11.9% to $841.8 million while
Fragrance sales increased 3.9% to $1,008.4 million. For the
3d quarter net income declined 2% to $57.7 million and 9
month net income declined 9.6% to $180.7 million.
Symrise
3d Qtr & 9 month 2008
Sales - Oct.
29, 2008 - 3d Qtr. sales were up 1.6 per cent at €333.5m in
actual terms. Over the first nine months of 2008 sales grew
2 per cent to €1,009.5m and in local currency terms they
were up 6.1 per cent. Symrise said it remains on target to
achieve sales growth for the year in the 6 to 7 per cent
range. The Flavor & Nutrition division showed good
growth in the first nine months. Excluding the acquisition
of Chr. Hansen Flavors, sales at local currency rose by
6.4%. Including Chr. Hansen Flavors sales rose by 11% in
local currency. The Scent & Care division grew in local
currencies by 1.7%.
Sensient
F&F 3d Qtr. 2008 Sales
Results -
Oct. 16, 2008 -The flavors and fragrances group
reported 3d quarter 2008 sales of $206.5 million (+7%) while
quarterly operating income was up 8.0% to $31.6 million.
Year-to-date revenue increased to $616.1 million and
operating income increased to $94.3 million.
Florachem
Acquires Citrus Oil Processing
Plant - Oct.
15, 2008 - Florachem Corporation announced that it has
acquired the Citrus Oil Processing Facility located in
Mission, Texas from Frutech International.
Firmenich
wins 2008 DuPont Safety
Award - Oct.
13, 2008 - Firmenich, the world’s largest
privately-owned fragrance and flavor company, has won the
DuPont Safety Award in the Felt Leadership category for its
innovative “Health, Safety & Environment Management
System”.
Firmenich
2007-2008 Sales
- Oct. 9, 2008 - Firmenich posted strong sales growth
for its fiscal year ended June 30, 2008, despite an economic
downturn during the second half of the year. Sales increased
18.4% in local currencies, 13.5% in Swiss Francs, to reach
an annual turnover of CHF 2,847 million. Firmenich Flavors
recorded high double-digit growth, benefiting from the
additional sales and momentum from the acquisition of
Danisco’s Flavor Division in July 2007 – the
beginning of the fiscal year. The Perfumery Division posted
double-digit growth in local currencies, while the
Ingredients business recorded double-digit growth for the
year, boosted by natural ingredients from the acquisition of
Danisco’s Flavor Division. In
other news, Firmenich Chairman Jean-Marc
Bruel confirmed his desire to retire from the Board of
Directors, after eight years in office. Mr. Vernon Sankey
has been elected as the new Chairman of Firmenich’s
Board of Directors, as of October, 2008.
Givaudan
9 Months 2008 Results - Geneva, 8 October 2008 -
In the first nine months of 2008, Givaudan achieved sales of
CHF 3,149 million, an increase of 9.8% in local currencies
and 1.4% in Swiss francs. On a pro forma basis, as if Quest
had already been consolidated since 1 January 2007 and
excluding the impact of the portfolio streamlining, sales
grew 3.4% in local currencies. The Fragrance Division
recorded nine months sales of CHF 1,463 million, which
represents a growth of 1.5% in local currencies and a
decline of 6.2% in Swiss Francs. Excluding the impact of the
portfolio streamlining, sales grew 2.1% in local currencies.
The Flavour Division recorded nine months sales of CHF 1,686
million, an increase of 2.6% in local currencies and a
decline of 5.3% in Swiss Francs. In the first nine months,
the discontinuation of commodity ingredients and the St.
Louis divestment impacted sales by CHF 33 million. Excluding
this effect, the Flavour Division would have reached a
growth of 4.5% in local currencies.
Furaneol®
and Mesifuran enantiomers - Sept. 26, 2008 -
Researchers at Takasago International Corporation &
Hokkaido University have unraveled the 40 year old mystery
of which enantiomers of Furaneol and mesifuran are primarily
responsible for the burnt sugar odor characteristics.
....
In both cases, it has been demonstrated that the 2R
enantiomers have the strong sugary character. Large
quantities of these and related furanones are utilized as
raw materials in the flavor and fragrance industry, with
worldwide annual consumption of up to almost 100 tons. See
Org.
Lett., 10 (21), 4883–4885, 2008, Web Release Date:
September 26, 2008 (Furaneol is a registered trademark of
Firmenich SA).
Symrise:
Two new acquisitions -
Sept. 26, 2008 - Symrise acquires Intercontinental
Fragrances and Manheimer Fragrances; plans for a global air
care center in the US.
Frutarom
Half Year 2008 Sales - Aug 19, 2008 - Frutarom's
sales in the first half of 2008 showed growth of 47.8% vs
2007 and totaled US$ 254.6 million. Gross profit rose 50.9%
to total US$ 94.5 million. Operating profit rose 75.9% to
total US$ 33.2 million.
Givaudan
Half Year 2008 Results - August 5, 2008
Givaudan's half year sales increased 13.5% in local
currencies and 4.5% in Swiss francs to CHF 2,095 million. On
a comparable pro forma basis sales were up 3.0% in local
currencies. Comparable pro forma EBITDA margin improved by
1.2 percentage points to 22.5% while Net profit increased by
13.3% to CHF 94 million. The integration of Quest is on
track: CHF 50 million of incremental synergies, CHF 35
million cost.
IFF
2d Qtr & Half Year 2008
Results - New
York, July 30th - IFF's 2d Qtr. sales increased 4% in local
currencies and 10.9% to $636.1 million at actual exchange
rates. Half year sales were up 8.2% at actual rates to
$1,232.7 million. Flavor sales increased 6% in local
currencies and 14.8% to $289.7 million in actual terms for
the 2d Qtr. and half year sales were up 13.6% to 563.6
million in actual terms. 2d Qtr. Fragrance sales increased
1% in local currencies and 7.8% in actual terms to $346.3
million while half year sales were up 3.9% to $669.1 million
in actual terms. Overall 2d Qtr. net income decreased 14.5%
to $67.0 million while half year net income was down 12.8%
to 123.0 million primarily due to increased interest expense
associated with borrowings incurred in connection with the
2007 accelerated share repurchase program, which was
completed in June 2008.
Making
Sense (Scents) of Chemistry Symposium - A
symposium from the KNVC and Givaudan on Nov. 28, 2008 at
Nijverheidsweg 60, 3771 ME Barneveld, NL. - See the program
HERE
Takasago
1st Qtr 2008/9 Sales
- August 12, 2008 - For the
1st Qtr (ending June 30th), Takasago gross sales increased
1.3% to ¥ 32,036 million while operating profit
declined 4.9% to ¥ 2,639 million.
Givaudan
Half Year 2008 Results - August 5, 2008
Givaudan's half year sales increased 13.5% in local
currencies and 4.5% in Swiss francs to CHF 2,095 million. On
a comparable pro forma basis sales were up 3.0% in local
currencies. Comparable pro forma EBITDA margin improved by
1.2 percentage points to 22.5% while Net profit increased by
13.3% to CHF 94 million. The integration of Quest is on
track: CHF 50 million of incremental synergies, CHF 35
million cost.
IFF
2d Qtr & Half Year 2008
Results - New
York, July 30th - IFF's 2d Qtr. sales increased 4% in local
currencies and 10.9% to $636.1 million at actual exchange
rates. Half year sales were up 8.2% at actual rates to
$1,232.7 million. Flavor sales increased 6% in local
currencies and 14.8% to $289.7 million in actual terms for
the 2d Qtr. and half year sales were up 13.6% to 563.6
million in actual terms. 2d Qtr. Fragrance sales increased
1% in local currencies and 7.8% in actual terms to $346.3
million while half year sales were up 3.9% to $669.1 million
in actual terms. Overall 2d Qtr. net income decreased 14.5%
to $67.0 million while half year net income was down 12.8%
to 123.0 million primarily due to increased interest expense
associated with borrowings incurred in connection with the
2007 accelerated share repurchase program, which was
completed in June 2008.
Symrise
Half Year 2008 Sales
- Holzminden/Frankfurt, July 29, 2008 - Symrise
increased its half year 2008 sales by 6.7 percent on a local
currency basis and 2.3 percent at actual rates from EUR
660.9 million to EUR 676 million. The earnings (EBITA) for
the first half of 2008 were up 6 percent in local currencies
(up slightly in actual rates), increasing from EUR 123.1
million to 123.6 million. Net profit increased by 16 percent
at actual rates from EUR 52.6 million to EUR 60.8 million.
Accordingly, earnings per share reached 51 cents compared to
44 cents in the respective period last year. The Flavor
& Nutrition division registered sales growth of 11
percent in local currencies, reaching EUR 333.3 million. At
actual rates, this represents an increase of 7 percent. Chr.
Hansen, which was acquired in the second quarter of 2008,
contributed sales of EUR 8.3 million. The Scent & Care
division showed moderate sales growth of 2.5 percent in
local currencies in the first half year, with sales at Euro
342.7million. While segments like Mint and Life Essentials
continued to show strong growth, “luxury segments”
like Fine Fragrances and parts of Personal Care had to
contend with lower demand. In order to compensate for the
increased raw material and energy costs and in order to
protect our margins going forward, the division announced
selective price increases of 10 percent and more in early
July.
Sensient
F&F 2d Qtr. 2008 Sales
Results - The
flavors and fragrances group reported 2d quarter 2008
revenue increased 7.8% to $214.4 million. and to 409.6
million for the first six months of this year, up 8.0% from
the prior year’s comparable term half year. This
includes non-flavor ingredients such as dehydrated spices
which has hisorically been about 23% of their F&F
sales,.
Olfactory
Theories - July
2, 2008 - In a follow-up by physicist Marshall Stoneham's
group to their 2006 paper entitled " Could
Humans Recognize Odor by Phonon Assisted Tunneling? ",
their new paper in J. Roy. Soc. Interface entitled
"Odour
character differences for enantiomers correlate with
molecular flexibility" addresses certain aspects of the
"steric" (or shape) theory of molecular olfaction relating
to enantiomers. Noting "In particular, for the fairly
extensive class of enantiomers with six-membered ring
flexibility, enantiomers do not smell the same." And
concluding "...while the shape must be good enough, critical
information for actuation is a separate factor."
Happy 30th
Sunkist
Orange Soda
30 years ago this month, I piled 25 gallons of Sunkist
concentrate into the back of my old Porche and travelled to
the GCC canning plant in Norcross, GA to make the first
production run of Sunkist Orange Soda. In May and June, we
were on our way to Winston-Salem, Shreveport, Texarkana,
Rapid City and New York for the test market intros. The rest
is history, as by 1981 Sunkist had become the 10th best
selling soft drink in the USA. The advertising was "fun, sun
and the beach" using TV and radio commercials based on the
Beach Boys' hit song "Good Vibrations" as the brand's theme.
For
more about the history and
to see the intro commercials - John
Leffingwell, April 28, 2008
Frutarom
1st Qtr 2008 Sales - Haifa, Israel, May 21, 2008
- Frutarom's 1st Qtr 2008 sales increased 51.6% to US$ 122
million while gross profit increased 50.2% to US$ 44.8
million, with a growth of 47.8% in operating profit to US$
15.3 million compared with the same quarter last year. Net
profit for the first quarter of 2008 grew by 27.3% to reach
a quarterly record of US$ 9.7 million, compared with US$ 7.6
million for the same quarter in 2007. During the quarter
Frutarom attained considerable growth in sales, consisting
of double digit growth in core activities and the
contribution of the seven acquisitions made in 2007.
Robertet
1st Qtr 2008 Sales
- May 19, 2008 -
1st Qtr sales rose 32% to 76,842 million euros
(inclusive of the Charabot acquisition). In addition,
“after consolidation of the Charabot accounts, audited
results 2007 are higher than what had been announced at the
end of February”.
Takasago
Year 2007/8 Sales
- May 15, 2008 - Takasago
sales for the Year ending March 31, 200 increased 9.1 % to
¥ 124,231 million while net income increased +6.2% to
¥ 5,188 million.
Flavourings:
Production, Composition, Applications, Regulations,
Herta Ziegler (Editor)
IFF
1st Qtr 2008 Sales
- New York, May 1, 2008 - 1st
Qtr sales increased 5% to $597 million, primarily
benefitting from the weaker U.S. dollar. At comparable
exchange rates, sales would have increased 1 percent
compared to the prior year. Flavor sales increased 12
percent over the prior year period. Excluding the
impact of currencies, sales growth for Flavors was up 8%.
Fragrance sales for the period were flat. Net income
declined 11% to $55,948 primarily due to increased interest
expense incurred in connection with the 2007 accelerated
share repurchase program and restructuring charges related
to employee separation costs due to the elimination of
approximately 125 positions.
The
Perfect Scent by Chandler
Burr - Great
reading - A Year Inside the Perfume Industry in Paris and
New York - from the New York Times perfume critic, a
stylish, fascinating, unprecedented insider's view of an
industry and its charismatic characters.
Symrise
1st Qtr 2008 Sales
- Holzminden, April 30,
2008 - 1st Qtr total sales increased 6.4% in local
currencies and 2.0% in actual exchange rates to 338 million
Euros. Scent & Care sales increased 3.7% in local
currencies but decined 0.7% at actual exchange rates to
179.8 million euros.. Flavor & Nutrition sales increased
9.7% in local currencies and 5.6% at actual exchange rates
to 152.8 million Euros. Overall EBITA increased 6.2% in
local currencies but declined 1.6% at actual exchange rates
while net income declined 14.7% to 24.9 million Euros.
Symrise
Finalizes Chr. Hansen
Acquisition - April 28, 2008 - Symrise has
finalized its acquisition of the dairy flavors, savory
flavors, sweet flavors and seasonings sectors of the Danish
manufacturer Chr. Hansen. The anti-trust authorities
approved the transaction on April 25, concluding
Symrise’s largest acquisition to date.
Sensient
F&F 1st Qtr 2008 Sales - April 21, 2008
- The Flavors & Fragrances Group reported record first
quarter revenue and operating income. Revenue for the
quarter increased 8.1% to $195.2 million, compared to $180.5
million in last year's comparable period. Quarterly
operating income was up 13.2% to $28.8 million, compared to
$25.4 million in the first quarter of 2007. Group revenue in
the quarter benefited from favorable foreign currency
translation and improved pricing. Quarterly operating income
rose on the higher sales and on continued improvements in
the profitability of the group's European operations. Group
operating margins improved 70 basis points to 14.8%.
Givaudan
1st Qtr 2008 Sales - Geneva, 4 April 2008. In the
first quarter of 2008, Givaudan achieved sales of CHF
1,052.8 million, an increase of +27.2% in local currencies
and +18.3% in Swiss francs. On a pro forma basis, as if
Quest had already been consolidated since 1 January 2007
and excluding the impact of the portfolio
streamlining, sales grew +1.9% in local currencies. In
actual pro-forma terms, sales increased by +0.7% in local
currecies and -6.4% in CHF. The integration of Quest
International is stated to be progressing well. Givaudan
reconfirms the amounts and the planned phasing of its
estimated savings and integration costs, published at the
2007 Full Year Results. For 2008, Givaudan expects to grow
its sales in line with the market when excluding the impact
of the announced CHF 114 million of portfolio streamlining
and business divestiture. Givaudan confirms that it is on
track to generate the expected CHF 200 million integration
synergies and to reach pre-acquisition margin levels by
2010. CHF 130 million of integration synergies are expected
to be achieved in 2008.
Frutarom
12 Month 2007 Sales - Haifa, Israel, March 18 -
For the full year, Frutarom sales totaled US$ 368.3 million,
up 28.2% compared with 2006. On a proforma basis (assuming
that acquired companies had been consolidated as of January
1, 2007), sales for 2007 totaled US$ 431.5 million, which is
growth of 50% compared with 2006. Fourth quarter sales grew
sharply by 49.2% to total US$ 108.4 million. Net profit for
the fourth quarter of the year rose to US$ 5.2 million
compared with US$ 4.2 million in the fourth quarter of 2006.
Net profit for 2007 totaled US$ 24.2 million compared with
US$ 29.7 million in 2006. The actual full year sales
increase placed Frutarom as the No. 9 industry sales
leader.
Symrise
12 Month 2007 Sales
- Holzminden, March 5, 2008
- Symrise total 2007 sales increased 3.7% to € 1,274.5
million. In local currencies, sales increased 6.2%. Scent
& Care division sales increased 3.7% to € 671.3 million
(+6.5% in local currencies). Flavor & Nutrition sales
increased 3.6% to € 603.2 million (+5.8% in local
currencies). Overall Net income for the year rose to € 97
million, following a loss of € 90 million in the previous
year. Symrise has also signed an
agreement to take over the flavor business from the Danish
supplier Chr. Hansen. Pending regulatory
approval, this acquisition will strengthen Symrise’s
presence in the North American market as Chr. Hansen
generates a majority of its flavor sales in the United
States. This will be Symrise’s biggest acquisition to
date.
Givaudan
12 Month 2007 Sales
- Geneva - Feb. 19, 2007, In 2007, Givaudan's total
sales increased to CHF 4,132 million from CHF 2,909 million
in the previous year. This resulted in a growth of 42.2% in
local currencies and 42.0% in Swiss francs. These sales
include the acquisition of Quest International as of 2 March
2007.
Takasago
9 month 2007/8 Sales - February 13, 2008 -
Takasago sales for the 9 month period ending Dec. 31, 2007
increased 12.4% to ¥ 94,564,000 while operating profit
increased 31.0% to ¥ 6,909,000.
Sensient
F&F 4th Qtr & full year 2007 Sales - Feb.
11, 2008 - Sensient's Flavors & Fragrances Group
achieved record results in 2007, as revenue for the twelve
months increased 6.9% to $783.7 million and operating income
increased 12.3% to $117.3 million. Flavors & Fragrances
Group revenue grew 7.7% to $199.4 million in the quarter
ended December 31, 2007, compared to $185.0 million in the
prior year's fourth quarter. Quarterly operating income
jumped 11.3% to $30.1 million compared to $27.0 million in
the fourth quarter of 2006. As about 27% of F&F sales
are in dehydrated vegetables, we estimate that Sensient's
true F&F sales were about $572 million for year
2007.
Givaudan's
Innovative Naturals Programme - February 5, 2008
- Givaudan's unique partnership programmes for two new
sustainable raw material sourcing projects - sandalwood
oil & tonka
bean was presented in Le Laboratoire, a new creative
space dedicated to experimental collaboration between
artists and scientists, located in the heart of Paris.
Luccarelli
Joins A.M. Todd - February 5, 2008 - Domenick
Luccarelli has joined A.M. Todd as Director of Business
Development for Organic Ingredients & Flavors
IFF 2007
Sales Results - New York - January 30, 2008 - For
the full year 2007, IFF sales increased 9% to $2,276.64
million and net income increased 9% to $ 247.128 million.
For the fourth Qtr, sales were $553 million, up 8 percent
while net profit declined 2% from the prior year quarter.
Sales for the 2007 quarter benefited from the generally
weaker U.S. dollar; at comparable exchange rates, sales
would have increased 2 percent in comparison to the 2006
quarter. 4th Qtr 2007 Flavor sales increased 16% in $ (=
+10% in local currencies) and Fragrance sales increased 2%
in $ (= -3% in local currencies). For the full year 2007,
Flavor sales increased 12% in $ (= +9% in local currencies)
and Fragrance sales increased 6% in $ (= +2% in local
currencies).
Robertet
Sales for 2007 - Jan 21, 2008 - 4th Qtr sales
rose to 73.67 Million Euros (+52.6%) reflecting the
integration of Charabot in the quarter. For the full year
2007, sales increased 9% to 241.14 Million Euros.
Mane 2007 Sales -
Sales for the full year 2007 rose to 307.31 million Euros,
an increase of 6.7% year over year (personal
communication).
T.
Hasegawa 2007 Sales Results - for the full year
ending September 30, 2007 consolidated net sales were
¥50,066,000, up 6.5% while consolidated net income
increased 11.7 % to ¥ 4,147,000.
Senomyx
- Firmenich Collaboration - January 3, 2008 -
Senomyx, Inc., a leading company focused on using
proprietary technologies to discover and develop novel
flavor ingredients for the packaged food and beverage
industry, and Firmenich SA, the world's largest
privately-owned fragrance and flavor company, announced
today that they have entered into a collaborative research,
development, commercialization and license agreement for
novel flavor ingredients intended to provide a cooling taste
effect.
Frutarom
acquires RAD Natural
Technologies
- HAIFA, Israel, November 19,2007 - Frutarom has
purchased RAD Natural Technologies Ltd., a company producing
unique natural plant extracts with anti-oxidant properties
for use in food, dietary supplements and cosmetic products.
RAD's sales fo 2006 totaled US$ 1.2 million and US$ 0.9
million for the first six months of 2007. Fruarom's prior
acquisitions thus far in 2007 include: Gewurzmueller,
Raychan, Abaco, Adumim Food Additives, Jupiter and
Belmay.
Symrise
- 9 Month 2007 Sales
Results -
November 5, 2007- Symrise reported sales for the
first nine months of 2007 of ¬989.2 million, an
increase of 4.7% in actual exchange rates. The Scent &
Care division increased its sales in local currencies by
8.5% to reach ¬521.8 million. The Flavor &
Nutrition division grew by 5.2% in local currencies to reach
¬467.4 million. Net income for the period more than
tripled over the same period 2006, from ¬19.0 million
to ¬84.3 million.
IFF'S
9 Month 2007 Sales Results
- October 31, 2007 - 9 month total sales increased 9
% to $1,723.14 million from $1,581.07 million in the prior
year while net income increased 12% to $199,905 million from
$178,518 million. 3rd Qtr sales increased 8% to $583.31
million, from $539.14 million in the prior year period.
Reported sales benefited from the weaker U.S. dollar, mainly
against the Euro and Pound Sterling. For the quarter, net
income fell to $58.8 million, or 67 cents per share, from
$63.6 million, or 70 cents per share in the prior year
quarter. The company said the results included a pension
curtailment loss of 4 cents per share. Excluding that
charge, IFF earned 71 cents per share. For the 3d Qtr,
Flavor sales increased 12% to $256.42 million from $226.73
million due to new wins and volume growth in each region
while Fragrance sales increased 6% to $326.89 million from
$309.4 million and was driven by an 11% increase in both
fine and beauty care sales and ingredient sales.
Sensient
F&F 3d Qtr Results
- Oct. 19, 2007 - Sensient's flavor and fragrance
group reported record third quarter revenue of $197.2
million (+4%) and operating income of $29.2 million (+
8.9%). For the first nine months of the year, revenue rose
6.6% to $584.3 and operating income jumped 12.6% to $87.2
million. The company indicates improvement in pricing,
operating efficiencies and favorable foreign currency
translation for the positive results. In seaparate news
Sensient announced that Neil Cracknell has been elected to
the position of Vice President and Deputy Group Executive of
the Flavors & Fragrances Group.
Frutarom
buys Gewurzmuller
- October 15, 2007 -Frutarom Industries Ltd announced
that it has agreed to acquire Gewurzmuller Group of Germany
for $67 million. The Haifa, Israel-based food company said
that the Gewurzmuller Group is made up of two companies,
Gewurzmuller GmbH and Blessing Biotech GmbH, which together
posted 2006 revenues of $65 million. The company said that
it would finance the deal from its long-term debt
facilities. Frutarom Industries added that operations of
Gewurzmuller would be merged with its own operations in
Israel, as well as with Nesse of Germany, which it had
acquired last year.
|
Firmenich
Year End 2006/2007 Sales
- Geneva - Ocober 11, 2007
-Firmenich posted industry-leading organic growth for its
fiscal year ended June 30, 2007. Group sales increased 9.7%
in local currencies, 8.6% in Swiss Francs, to reach an
annual turnover of CHF 2.5 billion.
Givaudan
9 Month 2007 Sales Results
- Geneva, Switzerland – 8 October 2007 –
In the first nine months of 2007, Givaudan recorded sales of
CHF 3,105 million, an increase of 40.6% in local currencies
and 41.1% in Swiss francs. This reflects the inclusion of
Quest sales as of March 2007 and the good organic growth of
the combined business. On a pro forma basis, as if Quest had
already been consolidated since 1 January 2006 and excluding
the impact of the flavour portfolio streamlining, sales grew
5.1% in local currencies. The local currencies growth
including this effect was 3.7% and 4.2% in Swiss francs. The
integration of Quest International is progressing well.
Givaudan reconfirms the planned phasing of its estimated
savings and integration costs, published at the 2007 Half
Year Results. Givaudan reiterates it is on track to generate
the expected CHF 200 million integration synergies until
2010. The company DID NOT give third-quarter numbers,
but - according to Dow
Jones Newswires calculations - sales in the third
quarter rose to CHF1.10 billion compared with CHF726 million
in the same quarter last year, close to analyst
expectations. A Dow Jones Newswires survey of five analysts
had forecast a 53% rise in sales to CHF1.11 billion.
Rudolf
Wild Prepares to Go Public - September 27, 2007 -
During the next two years Dr. Hans Peter Wild intends to
restructure WILD and its European companies to prepare them
for the capital market. By doing this he will establish a
solid base for the continual long term and successful
development of the company’s global activities. "We
will actively change and shape the enterprise ourselves
while using the experience of McKinsey to assist in the
process. Our decision is a clear sign to our employees that
we will work together for solid growth. Dr. Wild emphasizes
that the success factors of the past, in particular customer
orientation and innovation will remain the main focus of
activity for WILD in the future.
Frutarom
Half Year 2007 Sales & News - August 27
- Frutarom's sales for the second quarter ending June30th
grew by 26.8 per cent to $91.7m. First half sales for this
year grew by 20.1 per cent to total $172.2m from last year.
Operating profit reached US$ 9.7 million in the second
quarter compared with US$ 8.6 million in the prior year
period. Operating profit reached US$ 20.1 million in the
first half of this year compared with US$ 18.9 million in
the first half of 2006. So far during 2007, Frutarom has
made 5 acquisitions:
Belmay Ltd. (UK) - April 1, 2007
Jupiter Flavours Ltd. (UK) -
April 19, 2007
Adumim Food Additives Ltd. (IL) -
June 28, 2007
Abaco (US) - on July 3, 2007
Raychan Food Industries Ltd. (IL) - August
27, 2007
Symrise
Half Year 2007 Results
- August 9, 2007 - Group sales for the period from
January to June 2007 increased by 4.5 per cent to EUR 660.9
million. In local currencies, Group sales increased by 6.8
per cent over the prior-year period. Both divisions
contributed similarly to this growth: the Scent & Care
Division increased its sales in local currencies by 7.5 per
cent, while the Flavor & Nutrition Division’s
sales were 6.1 per cent higher.Net income for the period
more than tripled in the period under review, from EUR 15.5
million in the prior-year period to EUR 52.6 million.
Takasago
1st Qtr Sales 2007 - August 7, 2007 - 1st Qtr
sales for the period April 1st to June 30th increased 10.6%
to ¥ 31,635 million over the prior year period while
operating profit increased 31.2% to ¥ 2,775
million.
IFF
2d Qtr 2007 Results - August 7, 2007 - Sales rose
8 percent in the second quarter to $573.7 million compared
to $530.5 million in the prior year period. Sales benefited
from the generally weaker U.S. dollar, mainly against the
Euro and Pound Sterling; at comparable exchange rates, sales
would have increased 5 percent over the 2006 quarter.
Earnings for the three-month period ended June 30 rose to
$78.4 million, or 87 cents per share, compared to $61.2
million, or 67 cents per share, in the prior-year period.
Excluding the quarter's tax adjustment, the company reported
adjusted earnings of $68.4 million, or 76 cents per
share.
T.
Hasegawa Half Year 2007 Results - For the period
Oct.1, 2006 to March 31, 2007 Net Sales increased 7.5% to
¥ 23,724 million from the prior year period while Net
income increased by 21.2% to ¥ 1,862 million.
Sensient
F&F Half Year 2007 Sales - For the six
months ended June 30, 2007, revenue for the Flavors &
Fragrances segment was $387.2 million, an increase of 7.9%
from $358.8 million reported in the same period last year.
The increase in revenue was primarily due to higher volumes
and prices in North America ($9.9 million) and higher
volumes in the fragrances product line ($4.3 million)
combined with the favorable impact of foreign exchange rates
($9.6 million). Revenue for the Flavors & Fragrances
segment in the second quarter of 2007 increased 7.7% to
$202.9 million from $188.3 million for the same period last
year. The increase in revenue was primarily due to higher
volumes and prices in North America ($4.8 million) and
higher volumes in the fragrances product line ($2.6 million)
combined with the favorable impact of foreign exchange rates
($5.2 million).
Givaudan
Half Year 2007 Results
- Geneva, 3 August 2007. During the first six months
of 2007, sales increased to CHF 2,005 million from CHF 1,474
million in the previous year. This resulted in a growth of
36.3% in local currencies and 36% in Swiss francs. These
sales include the acquisition of Quest as of 2 March 2007.
On a pro forma basis - which reflects the combined activity
of Givaudan and Quest over the period ending 30 June 2007
and assumes that the acquisition had taken place on 1
January 2006 - sales increased by 4.4% in local currencies
and 4.6% in Swiss francs. Excluding the ongoing flavour
portfolio streamlining, pro forma sales growth was 5.7% in
local currencies. Gross margin, EBITDA and operating profit
margins in pro forma terms improved slightly compared to
previous year’s level. Pro forma net profit declined
by 20%, related to a one time, non-cash tax adjustment. On a
comparable basis, the operating profit in pro forma terms
increased to CHF 282 million from CHF 248 million, resulting
in an improved operating margin of 12.6% compared to 11.6%
last year. In actual terms, the operating profit declined to
CHF 185 million from CHF 313 million. The actual 2007 result
includes one time integration related costs of CHF 100
million and an additional CHF 84 million amortisation of
intangible assets resulting from the Quest acquisition.
A.M.
Todd announces
"Mooreganics"
- the new name in organic ingredients and flavors.
KALAMAZOO, MI, August 2, 2007 - At the IFT 2007 Annual
Meeting and Food Expo in Chicago, A.M. Todd proudly
introduced a new brand for its organic expertise:
Mooreganics. This unique name captures the heritage of Moore
Ingredients, which A.M. Todd acquired during the first
quarter of 2007.
Firmenich
Completes Acquisition - Geneva, Switzerland, July
2, 2007 – Firmenich has announced that it completed
today the acquisition of Danisco’s Flavor Division,
after approval from the relevant authorities.
Frank Szpak
- one of the great flavorists of
our era - In memorium - on June 13th, 2007, Frank
passed away - an unassuming man of extreme talent that
helped both Firmenich & IFF to their success in
flavors.... And a good friend & mentor to many in the
industry - we will all miss him.
Stakes
and Professions in Perfumery
A rare find - for those interested in the current (Year
2007) state of the profession of Perfumery
Takasago
2006-2007 Record Sales - May 15, 2007 - Sales for
the fiscal year ending March 31st were ¥113,876
million, up 7.7% from the prior year. Net income inceased
68% to ¥ 4,885 million.
Symrise
1st Qtr 2007 Sales - May 15, 2007 - Group sales
were 5.3 per cent higher than in the same quarter the
previous year at EUR 331.2 million. Earnings before
interest, taxes, depreciation and amortization (EBITDA)
improved by about 20 per cent, from EUR 61.1 million to EUR
73.5 million. This large increase in earnings raised the
EBITDA margin from 19.4 per cent to 22.2 per cent, which
puts the company among the leaders in its industry. Net
income for the period after deduction of taxes increased
even more than EBITDA: by 81.4 per cent, from EUR 16.1
million to EUR 29.2 million. Sales in the Scent & Care
Division went up by 6.5%, while sales by the Flavor &
Nutrition Division were 4.0%. Exchange rate adjusted, growth
rates were considerably higher, which emphasizes the
strength of the company's operations on the international
markets even better: the sales increases were 10.4% by Scent
& Care and 7.1% by Flavor & Nutrition.
Firmenich
to Acquire Danisco Flavors - Geneva, Switzerland,
May 3, 2007 - Firmenich, the world's largest privately-owned
fragrance and flavor company, is pleased to announce that it
has signed an agreement to acquire Danisco's Flavor
Division, which specializes in natural and nature-identical
ingredients for the food, beverage and fragrance industries.
Annual sales of the Danisco Flavor Division represent DKK
1.5 billion (around CHF 335 million), and the acquisition
price is DKK 3.36 billion (around CHF 730 million). At the
same time, Firmenich and Danisco are entering an exclusive
partnership that brings together the best in taste and
texture to deliver comprehensive flavor and food ingredient
solutions to targeted segments of the market. Firmenich will
also be creating an innovation centre in the south of
France, specifically designed to further develop its
expertise in natural fragrance and flavor extracts. The
closing of the transaction is expected to be complete by the
end of June 2007. The partnership with Danisco will be
rolled out gradually during the months following the closure
of the deal. The pending acquisition of Danisco Flavors
by Firmenich is expected to move Firmenich into a virtual
tie with IFF as the No. 2 sales leader.
Huabao
International
- The Hottest
F&F Company in China - with recent
acquisitions and financial restructuring, Huaboa has emerged
as a major potential player in the world market. With sales
that probably will exceed 110 million US $ this fiscal
year - and with the aggressive management of its 37 year old
chairman, Ms. Chu Lam Yiu (who owns more than 70% control of
the company stock) - Huaboa has a stated goal of being a top
ten F&F company "in the near Future". Watch this
company.
IFF 1st
Qtr 2007 Sales - New York, May 3, 2007 - IFF
today reported double-digit growth in sales and net income
for the first quarter of 2007. Earnings per share were $.69
in the quarter, representing an increase of 19% from the
first quarter of 2006. Sales rose 11% in the first quarter
to $566 million compared to $511 million in the prior year
period; flavor and fragrance sales each increased 11%. Sales
for the quarter reflect the generally weaker U.S. dollar,
mainly against the Euro and Pound Sterling; at comparable
exchange rates, sales would have increased 6%. The increase
in total fragrance sales was driven by higher fine fragrance
and beauty care, and fragrance ingredient sales of 11% and
17%, respectively. The growth in fine fragrance and beauty
care was driven by new product introductions, while
ingredient sales growth was mainly volume related.
Functional fragrance sales increased 5% on a combination of
new wins and improved volumes. Flavor sales increased 11%,
due to new wins and volume growth. In addition, flavor sales
increased in each region, both in local currency and in
dollars.
Prediction
of Odor Perception - April 23, 2007 - In the
current issue of Angewandte Chemie, workers at Givaudan
Schweiz, Universität Würzburg and
Ruhr-Universität Bochum have demonstrated the ability
to predict quite accurately the odor intensties of
Bourgeonal and Lilial and their silicon analogues on the
basis of their stereoelectronic properties alone from a
computational homology model of the hOR17-4 receptor and
have compared the odor threshold and modeling results with
calcium imaging data from the recombinant and native hOR17-4
receptors. "These results taken together clearly
demonstrate that it is indeed the electronic surface
structure that determines the interaction of an odorant with
its olfactory receptors."
Earthly
Scents - Heavenly Pleasures
- Günther Ohloff's new book will be available in
January 2009.
Senomyx
& Solae Enter into Collaborative Agreement
- April 25, 2007 - Senomyx, Inc. and Solae, a
joint venture with DuPont and Bunge Ltd., announced today
that they have entered into a collaborative agreement for
the discovery, development and commercialization of novel
flavor ingredients intended to enhance the taste
characteristics of soy proteins.
Lyondell Marketing
Alliance for Cooling Agents
- HOUSTON, January 5, 2007 - Lyondell Chemical
Company (NYSE:LYO) announced that its Millennium Specialty
Chemicals ("Millennium") business has entered into a
marketing alliance with Salvona Technologies to promote the
use of Millennium's cooling agents with Salvona's delivery
systems. Salvona has engineered proprietary delivery systems
based on nanotechnology. The systems release an active
ingredient over a period of time to improve and extend the
cooling sensation. Millennium is a leading supplier of
physiological cooling agents and coolant cocktails,
including WinSenseTM Extra coolants. Millennium will
continue to directly market physiological cooling agents as
ingredients and cocktails. Read the full press
release.
Sensient
F&F First Qtr 2007 Sales - April 20,
2007 - The Flavors & Fragrances Group posted record
first quarter revenue of $184.3 million, an increase of 8.1%
over the prior year. Solid revenue growth was recorded in
the United States, Latin America and China. First quarter
operating income was up 14.3%, to $26.2 million on higher
sales volume and favorable pricing.
Givaudan
- April 4, 1007 - First quarter 2007
sales: Strong start into transition year. In the
first quarter 2007, Givaudan recorded sales of CHF 890
million, an increase in local currencies of 19.8% over last
year. This reflects the good organic growth of Givaudan and
the inclusion of Quest sales as of March 2007. In
other news - April 2, 2007 - Givaudan to open new
Consumer Products Creative Centre in 2008. Givaudan
announced plans for a new $62 million North American
Consumer Products Creative Centre to be located in East
Hanover, New Jersey.
Givaudan
joint venture with ChemCom - Geneva, Switzerland,
28 March 2007 – Givaudan has entered into a joint
venture agreement with ChemCom
SA, a leader in the field of olfactory receptor
technology. The new company, named TecnoScent, will build on
ChemCom’s proprietary receptor technology and focus on
the discovery and development of innovative fragrance
ingredients.
Givaudan
Collaboration for taste technology development with Redpoint
Bio Corp.
-
Geneva, Switzerland, 28 March 2007 – Givaudan
announces today, that it has entered into research
collaboration and licensing agreement with Redpoint
Bio Corporation (formerly known as Linguagen). This
collaboration further strengthens Givaudan’s
capabilities for global TasteSolutions" in the area of
health and wellness, in order to discover and develop novel
sweetness and savoury enhancers as well as bitter blocker
compounds. The collaboration will allow Givaudan to utilise
Redpoint Bio’s proprietary technologies and to acquire
the exclusive worldwide rights to any licensed compounds for
food and beverage products.
Belmay
Sells flavor division to Frutarom - March 28,
2007 - The Directors and Shareholders of Belmay are pleased
to announce the sale of Belmay's 20 year old flavor division
to Frutarom Industries Ltd. The sale includes the flavor
facilities inWellingborough, England and its offices in
Denmark, Norway and Singapore. Today's announcement does not
affect the ownership of the fragrance company which remains
a 100% privately owned family business.
A.M.
Todd Acquires Moore
Ingredients -
KALAMAZOO, MI, March 23, 2007 - A. M. Todd strengthened its
ingredients portfolio today with the acquisition of Moore
Ingredients. Moore Ingredients, based in Hamilton, Ohio,
creates and manufactures natural and certified organic
specialty ingredients. Going forward it will operate as a
division of A. M. Todd. Read the full press release
HERE
Synergy
Flavors, Inc. - Second Acquisition in Four
Months. In a move that will strengthen its presence in South
America, Synergy Flavors, Inc. announced its purchase of the
Brazilian based AFF Aromas do Brasil (AFF). The deal was
finalized March 15, 2007.
Givaudan
announces closing of Quest
acquisition -
Geneva, Switzerland, 2 March 2007 – The acquisition of
Quest International, a division of ICI Plc, by Givaudan was
closed today, 2 March 2007, after regulatory approvals were
obtained in the U.S. and the European Community.
Treatt
plc Purchases 50% of Earthoil - 26 February 2007
- As a result of the agreement, Treatt will, with Earthoil,
offer a range of organic products in addition to its
existing portfolio of flavour and fragrance ingredients.
EU Approves
Givaudan Acquisition of
Quest -
February 21, 2007 - BRUSSELS (Reuters) - Swiss flavours and
fragrances maker Givaudan won permission from the European
Commission on Wednesday to acquire rival Quest International
from ICI for 2.8 billion Swiss francs (1.15 billion pounds).
"The Commission concluded that the transaction would not
significantly impede effective competition in the European
Economic Area (EEA) or any substantial part of it," an EU
executive said in a statement.
Synergy
Flavors has announced its acquisition of Vanlab
Corporation (Rochester, NY). In a move that strengthens the
company’s overall product mix across sweet and savory
flavors, the acquisition gives Synergy an industry-leading
position in a broad range of vanilla products.
Givaudan
2006 Sales - February 20, 2007 - Geneva,
Switzerland - In 2006, Givaudan’s total sales
increased to CHF 2,909 million, representing a 4.7% rise in
Swiss Francs and a 3.5% rise in local currencies. Despite
the continued ingredients streamlining in both divisions,
the company continued to deliver above market sales growth
for the sixth consecutive year. This streamlining impacted
annual sales by CHF 33 million. Without this effect, sales
in local currencies would have increased by 4.9%
Takasago
3d Qtr 2006 Results - Feb. 13, 2007 - Gross Sales
for the period April 1- December 31, 2006 increased 6.7% to
¥84,136,000. Operating profit for the same period
increased 10% to ¥5,274,000.
Robertet
2006 Sales - reported 2006 sales were 221,127
million euros, an icrease of 6.8% over 2005 sales.
Symrise
2006 Sales - Feb. 6, 2007 - Symrise has reported
preliminary sales results for 2006 of 1,230.0 million euros,
up 7% from 2005. Preliminary EBITDA for 2006 was reported as
243.0 million euros, up 25.8%.
Quest
4th Qtr & full year 2006
Sales - Feb.
8, 2007 - Quest's 4th Qtr. sales increased 2.9% to 143
£m while full year 2006 sales were up 5% to 588
£m. 4th Qtr trading profit increased 36% to 15 £m
while full year 2006 trading profit was up 7% to 76
£m.
Sensient
F&F 4th Qtr & full year 2006 Sales - Feb.
12, 2007 - Sensient's Flavors & Fragrances Group
achieved record results in 2006, as revenue for the twelve
months increased 9.4% to $733.4 million and operating income
increased 26.7% to $104.5 million. Flavors & Fragrances
Group revenue grew 9.4% to $185.0 million in the quarter
ended December 31, 2006, compared to $169.1 million in the
prior year's fourth quarter. Quarterly operating income
jumped 42.8% to $27.0 million compared to $18.9 million in
the fourth quarter of 2005. As 27% of F&F sales were
in dehydrated vegetables, we estimate that Sensient's true
F&F sales were about $535.4 million for year
2006.
IFF
4th Qtr & Full Year 2006
Results - New
York, N.Y., January 30, 2007 &
Fourth quarter 2006 sales totaled $514 million, up
11% from the prior year quarter; fragrance and flavor sales
increased 13% and 7%, respectively. Sales for the 4th
quarter benefited from the generally weaker U.S. dollar; at
comparable exchange rates, sales would have increased 7% in
comparison to the 2005 quarter. Net income for the 2006
fourth quarter, including $1 million in after tax
restructuring charges, totaled $44 million, a 192% increase
compared with the prior year quarter. The 2005 fourth
quarter result of $15 million included restructuring charges
of $16 million after tax. Excluding the restructuring
charges from both years, net income increased 48% in the
2006 fourth quarter. Sales for the full year 2006 increased
5 percent to $2.10 billion from $1.99 billion in the prior
year. For year 2006, fragrance sales increased 5% and
flavors increased 4%. Net income for 2006, including $2
million in after tax restructuring charges, totaled $223
million, a 15% increase compared with the prior year. Full
year 2005 results of $193 million included restructuring
charges totaling $16 million after tax, as well as a tax
benefit of $25 million relating to repatriation of funds
from overseas affiliates. Excluding the restructuring
charges from both years and the one-time tax benefit from
2005, net income in 2006 increased 22% versus the comparable
2005 result.
T.
Hasegawa 2006 Sales Results - for the full year
ending September 30, 2006 consolidated net sales were
¥47,000,000, down 1.6% while consolidated net income
declined 4.35% to ¥ 3,713,000.
 Meaningful
Scents Around the World
- Roman Kaiser's new book - In recent years, our
knowledge of the anatomy and physiology of olfaction has
grown enormously, accompanied by a growing appreciation of
scent. This is reflected in the fact that the 2004 Nobel
Prize in Medicine was awarded for discoveries of 'Odorant
Receptors and the Organization of the Olfactory System'.
This book naturally supports such developments, and takes
the reader on a fascinating fragrant journey around the
world to some of the exciting places the author has visited
during his 30 years of olfactory research. Following an
introductory section to the world of natural scents,
including their biological meaning and history, the
fragrance and flavor chemist, Roman Kaiser, who is renowned
for his 'headspace' analytical technique, revisits some
memorable scents. In doing so, he leads us to such exotic
places as Lower Amazonia, Papua New Guinea, India, and many
rain-forest biotopes in his quest for new molecules and new
scent concepts, showing us along the way how a scent like
tatami can be linked to culture. The third and final section
describes the analysis of the compositions of the presented
scents.
Danisco
Flavours - Half Year
Sales - December 14,
2006 - Sales for May 1st to Oct.31 increased to 808 DKKm
from 797 DKKm (+1%) in the prior year. 2d Qtr sales
increased to 390 DKKm from 373 DKKm (+5%). Flavours
represented 12% of revenue in Danisco's Ingredients sector
and recorded organic growth of 3% in H1 2006/07 (of which 6%
was in Q2), making this the second quarter running with
positive organic growth in the division. "Even though growth
rates varied geographically, it is important to emphasise
that all regions except for Asia Pacific showed positive
organic growth."
Treatt
2006 Sales - December 8, 2006 - Treatt announced
a rise in group revenue of 8.9%, reaching 35.4 million
pounds (vs 32.5 million pounds in 2005). Profit fell 3.5% to
3.3 million pounds in part due to the absence of last year's
one-off stock profits.
Germany's
Symrise IPO Oversubscribed -12-6-2006 10:47 AM
EST, FRANKFURT -(Dow Jones)- The initial public offering of
German fragrances and flavors manufacturer Symrise AG is
several times oversubscribed, two people involved in the
transaction told Dow Jones Newswires Wednesday. They added
that the book was already covered last Friday, when
bookbuilding commenced and when Symrise set a price range of
between EUR15.75 and EUR17.75 a share. the IPO, if fully
exercised, could become the largest in Germany this year,
ahead of Wacker Chemie AG (WCH.XE), which raised about
EUR1.2 billion in the spring.
Givaudan
to acquire Quest International - Geneva,
Switzerland, 22 November 2006 - Givaudan has signed an
agreement with UK-based Imperial Chemical Industries PLC, to
acquire its fragrance and flavour business, Quest
International for £ 1,200 million or around CHF 2.8
billion. Based on 2005 sales, the acquisition would result
in combined sales in excess of CHF 4 billion, making the
combined entity about 60% larger than the No. 2 F&F
company (IFF). See
More.
Frutarom
3d Qtr 2006 Results
- Sales for the first three
quarter of the year grew 12.2% to US$ 214.6 M.
Symrise
to Raise 650 Mln
€
in IPO -
Frankfurt, Nov 10 - German flavours and fragrances firm
Symrise said it planned to sell shares from a capital
increase worth 650 million euros ($830 million) in an
initial public offering this year. The firm said in a
statement on Friday that its main shareholders, including
Swedish private equity firm EQT, would also sell shares
worth an unspecified amount. Well above 50 percent of
Symrise shares would be in free-float after the IPO, it
said. Deutsche Bank and UBS will conduct the listing.
Symrise, which has around 4,800 staff, increased adjusted
core profit (earnings before interest, tax, depreciation and
amortisation) by 34.3 percent to 192.2 million euros in the
first nine months, while sales rose by 9.1 percent to 944.4
million euros.
IFF
Produces Strong 3d Qtr
Sales -
November 2, 2006 - Third quarter 2006 sales totaled $539
million, up 9% from the prior year quarter; fragrance and
flavor sales increased 12% and 6%, respectively. Reported
sales for the 2006 quarter benefited from the generally
weaker U.S. dollar during the quarter; at comparable
exchange rates, sales would have increased 7% in comparison
to the 2005 quarter. Reported earnings per share for the
third quarter of $.70, exceeding the First Call consensus
expectation of $.58. The third quarter 2005 results as
reported were $.72, which included a gain of $.24 per share
relating to repatriation of funds from overseas affiliates.
On a comparable basis, excluding this one-time repatriation
benefit, the third quarter 2006 results per share represent
a 46% gain over the 2005 quarter.
Firmenich
2005/2006 Sales - 13 October 2006 - Firmenich
posted sales growth of 8.7% in local currencies, 13.5% in
Swiss Francs, for its fiscal year ended June 2006, with an
annual turnover of CHF 2,308 million. "Our exceptional
growth positioned us as the world’s number one Perfume
and Ingredients Company and strengthened our overall
position among the top three companies in the Fragrance and
Flavor industry." In other news, Firmenich announced the
election of Messrs. Yves Boisdron and Vernon Sankey to its
Board of Directors. The elections took place on October 10
at the shareholders' Annual General Meeting in Geneva.
Givaudan
9 month 2006 Sales
- Geneva, Switzerland – 6 October 2006 –
From January to September 2006, Givaudan recorded sales of
CHF 2,200.5 million, resulting in a growth of 3.3% in local
currencies and 5.5% in Swiss francs. Despite strong
comparables in the third quarter and the on-going
streamlining of commodity ingredients, Givaudan continued
its good sales growth momentum.
Symrise
New Web Site - Holzminden, October 2, 2006 -
Symrise has launched its new Web site with the new tagline
“Always inspiring more.” But where is information
on products and the always informative Webzine?.
A.
M. Todd appoints Christine Daley as Technical
Sales Manager - East Coast. KALAMAZOO, MI, August 16, 2006 -
A. M. Todd has announced the appointment of Christine Daley
as Technical Sales Manager - East Coast for its Flavors
& Ingredients Division. Christine will be representing
both A.M. Todd mint and flavor products, as well as products
offered by Todd's new joint venture, Taste Advantage. For
the full press releasr click HERE
Danisco USA -
(Lakeland, FL, August 10, 2006) - Danisco USA announced
completion of its Flavor Innovation Center in Lakeland,
Florida. For the full press releasr click HERE
Enantioselective
Syntheses of the Odor Active Components of Iso E
Super® &
Georgywood® - January
6, 2006 - Sungwoo Hong and E. J. Corey, of Harvard
University, have synthesized enantioselectively the odor
active enantiomer (a minor ~5% component) of Iso
E Super (Arborone)
and the odor active enantiomer of Georgywood (Georgyone)
along with their enantiomers (and related compounds).
Appearing in the Journal of the American Chemical Society,
the synthesis takes advantange of chiral Diels-Alder
catalysts (oxazaborolidinium salts) recently developed in
the Corey laboratories. These studies have led to a number
of conclusions regarding the structural requirements for
woody odor, including absolute configuration, critical
methyl substitution, and the spatial orientation of the key
methyl groups. These odorants bind to at least 10 mouse
olfactory receptors, lending support to the combinatorial
model for odor perception/differentiation. The implications
of this work with regard to possible receptor binding modes
is also discussed.
David
Pybus -
Transports of
Delight
Givaudan
Half Year 2006 Sales
- Geneva, Switzerland – 4 August 2006 – In
the first half 2006, sales totalled CHF 1,474 million,
resulting in a growth of 3.7% in local currencies and 7.8%
in Swiss francs. This good growth was achieved despite the
on-going streamlining of commodity ingredients in both
divisions. Fragrance sales grew 5.4% in local currencies and
9.3% in Swiss francs, substantially above market. Total
sales reached CHF 606 million. Flavour sales grew 2.6% in
local currencies and 6.8% in Swiss francs, in line with the
market.
Quest 2d
Qtr 2006 Sales
- London -August 3, 2006 - Quest's 2d quarter 2006
sales increased 5.6% to 151 £m (compared to 143 £m
in the prior year period). For the half year, sales
increased 6.5% to 297 £m ( vs 279 £m in 2005).
IFF 2d
Qtr 2006 Sales - New York, N.Y., July 26, 2006 -
2d quarter 2006 sales totaled $531 million, increasing 3%
over the prior year quarter; fragrance and flavor sales
increased 3% and 2%, respectively. Earnings per share for
the second quarter 2006 were $0.67 compared to $0.60 in the
prior year quarter, an increase of 12%. For the six-month
period ended June 30, 2006, sales totaled $1,042 million,
essentially flat with the 2005 period.
Mastertaste Acquires
AFF International - July 26, 2006 -
Mastertaste, a member of Kerry Group PLC, has acquired
AFF International. AFF, with headquarters in Marietta,
GA was founded in 1967 by Lonnie H. Pope. In 1998, it was
purchased by an investment group led by Mr. Richard Neill,
President and CEO. In December 2000, Mr. Neill became
majority owner when he and key associates purchased the
investment group's interest in the company. AFF has
developed an excellent reputation in the commercial
fragrance industry and will complement Mastertaste's
Manheimer Fragrance division.
Sensient
Reports 2d Qtr Record Flavor
Sales - July 14, 2006
-Sensient Technologies Corporation reported revenue of
$282.2 million for its second quarter ended June 30, 2006,
up 7.0% from the comparable quarter in 2005. The Flavors
& Fragrances Group reported record quarterly
revenues and operating income. Revenue increased 9.2% to
$188.3 million for the 2006 second quarter. Operating income
was up 19.0% to $27.1 million compared to the second quarter
of 2005. Year-to-date revenue increased 8.4% to $358.8
million and operating income was up 15.4% to $50.0 million.
Group revenue in the quarter benefited from higher volumes
and improved pricing, particularly within the North American
flavors market.
George E. Tesko -
In Memorium - In late June 2006, George Tesko passed
from this life. Of his many accomplishments he will probably
be remembered best as the man who coordinated, and
personally was responsible for, the initial production of
Sunkist Orange Soda at many hundreds of production sites
which helped lead this product to the position as the No 1.
Orange Soda (and by 1981, the 10th best selling soft drink
in the USA). Formerly with General Foods in R&D, he rose
to management positions at RJR Foods, then as a director and
finally a Vice President at Sunkist Soft Drinks. He
certainly believed that the theme of "Good Vibrations" was
the Sunkist "Taste Sensation". An active member of IFT and
the Society of Soft Drink Chemists... he will be missed by
all who knew him...but surely will forever be appreciated by
those who enjoy the taste of Sunkist.
IFF Names
New CEO, June
29, 2006, New York - International Flavors & Fragrances
Inc., a maker of flavors and scents for the food and
consumer products industries, on Thursday named Robert M.
Amen, former president of International Paper Co., as
chairman and chief executive officer, effective July 1. Amen
succeeds Arthur C. Martinez, who served as interim chairman
and CEO since Richard A. Goldstein retired on May 9th.
Martinez, the former chairman and CEO of Sears, Roebuck
& Co., will return to his role as lead director of
IFF.
Frutarom
1st Quarter 2006 Sales - Haifa, Israel - May 23,
2006 - 1st quarter sales totaled US$ 71.0 million, showing
growth of 9.7%, compared with the same quarter of 2005.
Sales grew by 15%, excluding currency effects due to
weakening Western European currencies. Net profit rose by
29.3% to reach US$ 8.8 million, compared with US$ 6.8
million in the first quarter of 2005.
Qarôma
- May 25, 2006 - Qarôma has announced the
introduction of 5 new "Cooling Agents" with cooling
intensities equal to or greater than WS-23. Click HERE
for the full press release.
Takasago
2005 Sales Results - May 15, 2006 - Takasago's
2005/06 sales increased 4.5% to ¥ 105,721,000 from
¥ 101,205,000 in the prior year while net income
decreased 10.2% to ¥ 2,907,000 from ¥ 3,257,000.
It should be noted however that earnings in 2004/05 had
increased an astounding +80.2% from 2003/04.
Symrise 2005 Sales
(& IPO?) - May 10, 2006 - Symrise booked
2005 sales of € 1,148.9 million, essentially flat compared
to 2004 sales of € 1,138.1 million. In addition, Symrise is
considering an initial public offering as early as 2007, its
chief executive told Dow Jones Newswires. "An IPO is one of
the scenarios for the exit of our private equity
shareholders," CEO Gerold Linzbach said. Symrise spokeswoman
Katja Derow added, a decision by the 76% owner, Swedish
private equity company EQT, is likely to be made in 2007.
EQT declined to comment. (Source - Morningstar)
IFF
Names Interim CEO - May 9, 2006 - Richard
Goldstein Retires From IFF. Pending the appointment of a
successor, IFF's Board of Directors today elected Arthur C.
Martinez, the Company's Lead Director, as Interim Chairman
and Chief Executive Officer. As reported, the Company's
Board of Directors has retained the executive search firm of
Spencer Stuart to assist it in identifying Mr. Goldstein's
successor. That process is reported to be continuing and
progressing well.
IFF 1st
Qtr 2006 Sales - New York, N.Y., April 26, 2006 -
First quarter 2006 sales totaled $511.4 million, declining
2% in comparison to the prior year quarter. Reported sales
for the 2006 quarter were affected by the strength of the
U.S. dollar; had exchange rates remained constant, sales
would have increased 3% in comparison to the 2005 quarter.
Fragrance sales decreased 2% while flavor sales were flat;
on a local currency basis, fragrance and flavor sales grew
2% and 4%, respectively. Fragrance sales were led by fine
fragrance, which increased 2% in dollars and 8% in local
currency; the fine fragrance performance reflected the
benefit of a number of new product wins. Sales of functional
fragrances declined 4% in dollars and were flat in local
currency while fragrance ingredient sales declined 6% in
dollars and 1% in local currency. Earnings per share for the
first quarter 2006 were $.58 compared to $.55 for the prior
year quarter.
Sensient
F&F 1st Qtr 2006 Sales - April, 21 2006 -
Flavors & Fragrances Group revenue increased 7.7%, to
$170.5 million, for the quarter ended March 31, 2006.
Quarterly operating income increased 11.5%, to $22.9
million. Group revenue benefited from strong sales of
flavors in North America. Improved pricing and product mix
also added to Group revenue. Sales gains from these sources
were partially offset by unfavorable foreign currency
translation. Higher sales volumes, favorable pricing and
cost reduction efforts increased operating income in the
quarter.
Givaudan
1st Qtr 2006 Sales
- Geneva, Switzerland – 7 April 2006 – In
the first quarter 2006, Givaudan recorded sales of CHF 754.1
million, resulting in a growth of 6.2% in local currencies
and 12.8% in Swiss francs. Givaudan again clearly outgrew
the market. 2005 comparables and the strong US dollar have
partially contributed to this solid performance. The
Fragrance division recorded first quarter sales of CHF 313.6
million which represents a growth of 8.6 % in local
currencies and 14.8% in CHF. The Flavour division recorded
first quarter sales of CHF 440.5 million which represents a
growth of 4.5% in local currencies and 11.4% in Swiss
francs.
WS-5 is Now
GRAS - March 22, 2006,
Lyondell
Chemical Company announced that its Millennium
Specialty Chemicals business has a new series of
cooling systems for the flavor and fragrance industry.
designated WinSenseTM Extra. The company has
developed an improved way to make WS-5, a product that
recently achieved FEMA GRAS status. Millennium plans to
introduce it as part of the WinSense Extra series. "When
compared with WS-3, our WS-5 product appears to have
significantly higher cooling intensity" . For the complete
press release click HERE.
Sensient
Technologies Flavors & Fragrances Group 2005
Sales, For the year, Sensient's Flavors &
Fragrances Group revenue increased 3.4%, to $670.6 million.
Operating income for the year declined 2.7% to $82.5
million, compared to 2004 as restated. As "dehydrated
products" accounted for 23% of the groups sales (and are not
normally considered flavors & fragances),
Leffingwell & Associates estimates that "True" Flavor
& Fragrance sales were about $516 million in
2005.
Givaudan
2005 Sales Results
- Geneva, Switzerland, 21 February 2006 - Givaudan's
2005 sales increased to CHF 2,778 million (an increase of
2.5% in local currencies and a 3.6% in Swiss Francs) while
Operating profit increased by 7% to CHF 513 million with a
strong operating cash flow of CHF 502 million. Net profit
increased by 21% to CHF 406 million. Earnings per share
increased by 27% to CHF 56.57 per share. The Fragrance
division recorded sales of CHF 1,131 million, a growth of
4.2% in local currencies and 5.4% in Swiss Francs. Flavours
sales of CHF 1,647 million grew 1.3% in local currencies and
2.5% in Swiss Francs. Th Companies gross profit margin
improved from 47.7% to 48.9% in 2005.
Takasago
3d Qtr 2005 Sales - February 13, 2006 - Takasago
3d Qtr year to date net sales for the period ending Dec. 31
were up +2.4% to ¥78,888,000 vs.¥77,049,000 in
2004.
Quest
Intl 2005 Sales Results - February 9, 2006 -
Quest's 2005 sales were 560 £m. For the full year,
reported sales were -4%, with comparable sales +3% ahead of
2004 with both Flavours and Fragrances delivering growth.
Overall gross margin percentages were broadly unchanged
despite rising raw material costs. With costs below gross
margin slightly lower, trading profit was 28% ahead. For the
full year, comparable Fragrance sales sales were +5% with
trading profit well ahead. For the full year Flavour sales
were 2% ahead of 2004 and trading profit was significantly
higher.
IFF 2005
Sales Results
- NEW YORK, January 25, 2006 - Sales in 2005 totaled
$1,993.4 million, declining 2% in reported dollars and 3% in
local currency in comparison to the prior year.
IFF CEO Search
- NEW YORK, January 17, 2006 – International Flavors
& Fragrances Inc. (NYSE: IFF) (“IFF” or
“the Company”) today announced a management
succession plan to assure a smooth transition of leadership
upon the retirement of Chairman and Chief Executive Officer
Richard A. Goldstein. Mr. Goldstein plans to retire
following this year’s Annual Shareholder Meeting,
scheduled for May 9, 2006. The Company’s Board of
Directors has retained the executive search firm of Spencer
Stuart to assist in identifying Mr. Goldstein’s
successor.
IFF Job
Cuts - New York, N.Y., January 10, 2006 …
International Flavors & Fragrances Inc. (NYSE: IFF)
(“IFF” or “the Company”) announced its
plans to eliminate approximately 300 positions in
manufacturing, selling, research and administration
functions, principally in its European and North American
operating regions; the reductions represent 6% of the
Company’s workforce.
Givaudan
Site Consolidations - 10 January 2006 –
Givaudan continues to consolidate its flavour operating
asset base and to streamline its Savoury product portfolio.
Givaudan has decided to close its US production sites in New
Milford (Connecticut) and in Oconomowoc (Wisconsin). The
activities of these two sites will be transferred to
Cincinnati (Ohio) and Devon (Kentucky). Completion of the
closure and consolidation initiatives is expected by mid
2007. Givaudan will incur one time costs of CHF 22 million,
of which CHF 16 million from asset impairment impact the
2005 results. It was also decided to discontinue businesses
with commodity type savoury base notes.
T.
Hasegawa 2005 Sales Results - For the year ending
Sept. 30, 2005, consolidated Net sales declined 5.2% to
47,752 million Yen while net income increased 7.2% to 3,882
million Yen.
Chemical
Sources Association
- Jan. 5, 2006 New & Improved Website
In
Memoriam - Lawrence C. Katz,
1956-2005- Lawrence C. Katz, Ph.D., James B. Duke
Professor and Howard Hughes Medical Institute investigator
at Duke University Medical Center, died of melanoma on
November 26, 2005, at his home. He was 48 years old. A
pioneering researcher, Katz was a highly esteemed
neurobiologist whose research on the development and
function of the mammalian cortex. In recent years, Katz
continued to investigate the organization of the visual
system, and his group had also begun to study the olfactory
system. In particular, his lab used the mouse as a model to
examine how olfactory signals important for basic, built-in
behaviors are encoded by the main olfactory system, which
detects airborne odors, and the vomeronasal system, which
detects species-specific signals called pheromones.
Millennium
Specialty Chemicals to Market 2-PEA - Houston,
Dec. 6 2005 — Lyondell Chemical Company (NYSE:LYO)
announced that it will shift the sales and marketing for its
2-phenyl ethyl alcohol (2-PEA) to Millennium Specialty
Chemicals Inc., its wholly owned subsidiary. This transfer
of marketing operations, effective January 1, 2006, will
help Lyondell get closer to its customers by utilizing
Millennium’s long-term position in the flavors and
fragrance market. To download the full press release Click
HERE.
Qarôma
- New Liquid Sensate
Blend for Cooling Sensation or for Flavor & Saltiness
Enhancement - November 10, 2005 - Qarôma
has announced the development of a new liquid cooling
sensate called ICE 1500 (patents pending). This cooling
sensate is a Eutectic mixture of ICE 1000 (WS-23) and ICE
3000 (WS-3), both of which are GRAS cooling compounds. The
ICE 1500 remains liquid even at temperatures below
-20o C. Further, ICE 1500 combines the instant
cooling sensations of ICE 1000 with the gradual and smooth
cooling sensation of ICE 3000. It also eliminates the dust
problem associated with the handling of both the ICE 1000
and ICE 3000. In flavor applications, ICE1500 provides
saltiness and/or flavor enhancement of about 20-30% in a
wide variety of foodstuffs such as salsas, salad dressings
and marinades, margarine, soups & bouillons, as well as
alcoholic beverages, when used at levels where the cooling
sensation is imperceptible or barely perceptible. For
information or samples, contact Tina Goetschius at tmg@qaroma.com
or Deanna Wallace at custserv@chemicalsinc.com.
Qarôma is a division of Chemicals Incorporated, a
leading manufacture of cooling sensates. To download the
full press release Click HERE.
Takasago
Half Year 2005 Sales - Takasago half year net
sales for the period ending Sept. 30th were up +1.1% to
¥52,620,000 vs.¥52,072,000 in 2004.
Firmenich
2005 Sales Top 2 Billion CHF - Geneva, Nov. 9,
2005 - During its fiscal year ending June 2005, Firmenich
sales grew by 7.1 % in local currencies, or 3.0 % in Swiss
Francs, to reach a total of CHF 2,035 million. The
world’s largest privately owned Fragrance and Flavor
company thus further increased its share of the global
Fragrance and Flavor market. To read their Annual Report
Click HERE.
Cargill
to Buy Degussa Food Unit -
Sept. 9 - Cargill Inc., the largest U.S. agricultural
company, agreed to buy Degussa AG's food ingredients
business for 540 million euros ($670 million) to expand its
offerings to food and beverage makers. The unit, which makes
flavors for candy and drinks as well as thickeners for food,
had fiscal 2004 sales of 441 million euros, Duesseldorf,
Germany-based Degussa, the world's largest specialty
chemicals maker, said today in a statement. The purchase is
the largest for Wayzata, Minnesota-based Cargill since the
1.2 billion euro acquisition of Cerestar, a French maker of
specialty starches and sweeteners, in 2002. Chief Executive
Warren Staley is trying to broaden Cargill's line of
ingredients for baked and dairy products, beverages,
chocolates, and other foods. "This agreement marks a very
significant step in Cargill's strategy of becoming a leading
provider of specialty ingredients and ingredient systems to
food and beverage companies globally,'' Staley said in the
statement.
Perspectives
in Flavour and Fragrance Research - April
2005, release by Wiley-VCH and Verlag Helvetica Chimica
Acta. The proceedings of the RSC-SCI 'Flavours and
Fragrances 2004' conference in Manchester. Edited by Philip
Kraft and Karl A.D. Swift. Contributors: Hanns Hatt, Roman
Kaiser, Regula Naef, Robin A. Clery, Paul Kolodziejczyk,
Elisabetta Brenna, Charles S. Sell, Dieter Enders, Johannes
Panten, Andreas Goeke, Philip Kraft, Marcus Eh, Hiroyuki
Matsuda, Anubhav P. S. Narula, Helmut Guth, Takeshi
Kitahara, David Rowe, and Yoshihiro Hasegawa.
Flexitral
- GRAS staus for Coumane® - Flexitral has
acheived GRAS staus for Coumane®
[1,1a-dihydrocyclo-propa[c]chromen-2(7bH)-one],
a cyclopropanated coumarin derivative with CAS number
5617-64-1; FEMA# 4270. The odor and taste profiles of
Coumane® are strikingly close to those of coumarin, with
no "lactonic" aspects.The scent is reminiscent of coumarin:
nutty & vanilla.
Givaudan
Nine Months 2005 Sales - Geneva, 7 October 2005
– From January to September 2005, Givaudan recorded
sales of CHF 2'085.6 million, resulting in a growth of 1.6 %
in local currencies and 1.0 % in Swiss francs. Sales growth
improved from the first half year, thanks to a good third
quarter sales performance in both divisions. The nine months
sales performance continues to be impacted by the ongoing
rationalization of the non-core ingredients portfolio. To
read more Click HERE.
IFF
Nine Months 2005 Sales
- New York, N.Y., October 26, 2005 - For the
nine-month period ended September 30, 2005, sales totaled
$1,531.7 million, declining 2% in comparison to the prior
year period, as reported. Reported sales for 2005 benefited
from the strengthening of various currencies, particularly
the Euro, in relation to the U.S. dollar; had exchange rates
remained constant, sales for the nine-month period ended
September 30, 2005 would have decreased 3% compared to the
prior year period. For the 2005 period, fragrance sales
increased 2% while flavor sales declined 7%; on a local
currency basis, fragrance sales grew 1% while flavor sales
declined 9%. To Read more Click HERE.
Quest
International Half Year Sales 2005 - August 8,
2005. For the half year ending June 30th, sales were 279
£m vs. 315 £m last year. As last year results
included sales attributable to the Food Ingredients
business, which was divested in the second quarter of 2004,
Quest sales were 5% above 2004 on a comparable basis, with
growth for both theFlavour and Fragrance businesses,
particularly in Asia and Latin America. Sales in Europe were
also ahead of last year but in North America they were
lower. Gross margin percentages were similar to last year,
and comparable trading profit was 38% ahead to 7 £m. On
a comparable basis Fragrance sales were 9% ahead for the
half year and Flavour sales were 1% higher.
Senomyx
- La Jolla, CA, July 18, 2005 – Senomyx, Inc. (NASDAQ:
SNMX) announced today an exclusive two-year collaborative
research and license agreement with Cadbury Adams USA LLC, a
Cadbury Schweppes company, for the discovery and
commercialization of new flavor ingredients in the gum
confectionary area. Under the terms of the new agreement,
Cadbury Schweppes has agreed to pay Senomyx research funding
and specified payments upon the achievement of milestones
during the collaborative period. Upon commercialization,
Senomyx will receive royalty payments based on sales of
products using the new flavor ingredients. Senomyx also has
product discovery and development collaborations with four
of the world’s leading packaged food and beverage
companies: The Coca-Cola Company, Campbell Soup Company,
Kraft Foods Global, Inc. and Nestlé SA.
Takasago
2004 Annual Sales - May 17
- for the fiscal year ending March 31, 2005 sales increased
5.2% to ¥101,205,000 while net income increased 80.2 %
to ¥3,257,000.
Givaudan
2004 Sales - Geneva,
Switzerland, 1 March 2005. In 2004 Givaudan recorded sales
of CHF 2,680 million, resulting in an increase of 4% in
local currencies and a decline of 0.4% in Swiss Francs. The
Fragrance Division reached sales of CHF 1,073 million,
achieving a growth of 4.8% in local currencies and 1.4% in
Swiss Francs. This again reflects the outstanding
performance in Fine Fragrances as well as strong gains for
the third consecutive year in Consumer Products. Sales in
Fragrance Ingredients continue to be impacted by the
phasing-out of commodity ingredients, consistent with
Givaudan's strategy to focus on the production of high
value-added fragrance molecules. The Flavour Division
recorded a growth of 3.5% in local currencies. This
translates into sales of CHF 1,607 million, a slight decline
in Swiss Francs. All regions and all business segments
recorded positive sales growth in local currencies.
Sensient
Technologies Flavors & Fragrances Group 2004
Sales, February 15, 2005 - For the year, Flavors
& Fragrances Group revenue increased 5.7% to $628.8
million. Fourth quarter revenue increased 6.2% to $160.9
million. Favorable foreign currency exchange rates added
about 4% to revenues for the quarter and year. Operating
income for the year declined to $81.3 million, compared to
$83.8 million in 2003. Quarterly operating income was $17.5
million versus $19.9 million in the fourth quarter of 2003.
Growth in sales of traditional flavors in North America and
improved costs in Europe had a favorable impact on 2004
results. As "dehydrated products" (which historically
have accounted for 24-27% of the groups sales and are not
normally considered flavors), Leffingwell & Associates
estimates that "True" Flavor & Fragrance sales were
about $478 million in 2004.
Quest
International Year 2004 Results - February 10,
2005 - Sales for the full year were 584 £m vs. 691
£m for 2003. Note that Quest’s Food Ingredients
business was sold on 30 April 2004. Quest comparable sales
for the full year were up 4%. With improved gross margin
percentages, comparable trading profit was 76% above 2003.
Trading margins improved from 6.5% to 8.7%. Flavours
comparable sales for the 4th quarter were 2% ahead of last
year, with good growth in Asia and slightly higher sales in
EMEA (Europe, Middle East and Africa) offsetting lower sales
in North America. Gross margin percentages were above last
year, and despite higher costs below gross margin, trading
profit was also well ahead of 2003. For the full year,
comparable sales were 1% up. With higher gross margin
percentages and good control of costs below gross margin,
comparable trading profit was significantly above 2003.
Fragrance had a strong 4th quarter, with comparable
sales 13% ahead of last year, and particularly good growth
in North America, Asia and Latin America. Sales were ahead
for all product categories, with double-digit growth for
Fine Fragrance, Personal Care and Household. With gross
margin percentages also above last year, trading profit was
well ahead of 2003 despite higher costs below gross margin.
For the full year, fragrance sales were 8% ahead. With
higher gross margin percentages, comparable trading profit
was significantly above 2003.
EU
backs proposals on flavouring agents for Codex -
February 10, 2005 - Europe tells international food body it
welcomes the opening of discussions on options to integrate
flavouring agents into the global code system, and puts its
weight behind the fourth option that proposes industry
guidelines.
Dufte
- Signale Der Gefuhlswelt by Gunther Ohloff is
now available (in German) from Amazon.com
IFF Year
2004 Results - New York,
N.Y., January 26, 2005. For the full year 2004, sales
totaled $2,033.7 million, representing an increase of 7%
over 2003. Reported sales for 2004 were strongest in
fragrances, led by a 13% increase in fine fragrance sales;
sales of aroma chemicals and fragrances used in functional
products each increased 7% for the year. Reported sales for
2004 benefited from the strengthening of various currencies
in relation to the U.S. dollar; had exchange rates remained
constant, sales for 2004 would have increased 2% in
comparison to the prior year. The 2004 sales performance was
impacted by the disposition of the Company’s European
fruit preparations businesses, which were sold to Frutarom
in the second half of the year. On a pro-forma basis,
excluding sales attributable to the European fruit
businesses from the comparable time periods in the 2003
results, 2004 sales would have increased 4% in local
currency and 8% in reported dollars. For the full year 2004,
the Company reported earnings per share of $2.05 compared to
$1.83 for the prior year. The 2004 results include $31.8
million ($20.4 million after tax or $.22 per share) of
restructuring and other charges related primarily to the
sale of certain European fruit business assets and the
closure of the Company’s Dijon, France manufacturing
facility; 2003 results included $42.4 million ($27.5 million
after tax or $.29 per share) of restructuring and other
charges. Excluding the effects of these charges, 2004
results per share would have been $2.27 compared to $2.12
per share in the prior year.
T.
Hasegawa 2004 Annual Results - For the year
ending September 30, 2004, consolidated Net sales increased
8.4% to 50,381 million Yen while net profits increased 10.8%
to 3,622 million Yen.
Treatt
PLC Year 2004 Results - 13th December, 2004.
Group turnover increased by 0.4% to £31.8 million
(2003: £31.7 million). Treatt USA $ sales were up
41.5%. Earnings before interest, tax, depreciation and
amortisation (EBITDA) were up 17.2% to £3.31m (2003:
£2.83m). Profit before tax and exceptional items up
10.5% to £2.31 million (2003: £2.09 million).
Profit after taxation rose by 21% to £1.7 million
(2003: £1.4 million)
Rhodia
shares its experience in vanillin manufacture in China -
Click Here
for details
Firmenich
Annual Results (2003-2004) - Nov. 26, 2004.
Firmenich again posted industry-leading sales growth for the
fiscal year ended June 30, 2004. Annual turnover reached CHF
1,976 million, representing a sales increase of 6.6% in
local currencies and 4.1% in Swiss Francs.
Chemistry
and Technology of Flavors and Fragrances - Nov.
2004, released by Blackwell
Publishing. Edited by David Rowe. Contributors include
David J Rowe, Neil C. DaCosta and Sanja Eri, Liam
O’Hare and John Grigor, Michael Zviely, Simon B.
Jameson, Philip Kraft, John Margetts, Mark L. Dewis, Chris
Winkel, Luca Turin, David Baines & Jack Knights, Stephen
J. Herman
Technology
Flavors & Fragrances Inc. - May 17 - Nautic
Partners portfolio company FFG Industries Inc. has agreed to
buy fellow flavor and fragrance company, publicly traded
Technology
Flavors & Fragrances Inc. FFG said that it has
agreed to pay $1.55 per Technology Flavors share. The
company has about 12.8 million shares outstanding. The
announcement follows a November 2004 decision by Technology
Flavors' board to appoint a special committee to investigate
potential acquisitions, joint ventures or mergers to
"maximize shareholder value." Nautic bought FFG from private
equity firm The Jordan Co. in June 2004. The price of that
deal was not disclosed. Based in Somerville, N.J., FFG
manages three companies: Aromatech
Inc., also based in Somerville; International
Fragrance and Technology Inc., based in Canton, Ga.; and
Key
Essentials Inc., based in Rancho Santa Margarita, Calif.
The deal for the small flavour house that, with under one
hundred employees, posted $16 million (€12.6m) in sales last
year, is due to close by mid-June.
Senomyx
Receives GRAS Determination for Savory Enhancers
- LA JOLLA, CA, March 3, 2005 – Senomyx, Inc. (NASDAQ:
SNMX) announced today the company has been notified by the
Flavor and Extract Manufacturers Association (FEMA) that its
savory enhancers S807 and S336 have been determined to be
Generally Recognized As Safe (GRAS) under the provisions of
the Federal Food, Drug and Cosmetic Act. See
Also
Frutarom
2004 Sales - Haifa, Israel - March 24, 2005.
Frutarom’s sales in 2004 totaled US$ 196.8 million, a
41.2% increase compared with 2003, when sales reached US$
139.3 million. Gross profit during the period rose by 49.1%
to reach US$ 74.3 million compared with US$ 49.9 million
last year. Gross margin grew from 35.8% to 37.8%. Operating
profit grew sharply by 75.2% to US$ 22 million compared with
US$ 12.6 million in 2003, while operating margin improved to
11.2% compared with 9.0% last year. Net profit grew
significantly by 96.1% to US$ 15.8 million compared with US$
8 million in 2003. Net margin also grew from 5.8% in 2003 to
8.0% in 2004. Frutarom's
2004 Annual Report includes a detailed market
analysis of the F&F industry.
2,4-Pentanedione
to be removed from EC Register list - March 2, 2005 -
The Scientific Panel on Food Additives, Flavourings,
Processing Aids and Materials in Contact with Food (AFC) of
the European Food Safety Authority (EFSA) has found that
pentane-2,4-dione, did not pass the initial steps in the
screening process due to safety considerations. The AFC
Panel has therefore advised that its use as a flavouring
substance is not acceptable on safety grounds. The European
Commission has since proposed that this substance be removed
from the Register of flavouring substances used in or on
foodstuffs to the Standing Committee on Food Chain and
Animal Health which has given a favourable opinion. It was
found to be genotoxic (i.e. that it can damage DNA, the
genetic material in cells) both in vitro and in vivo. The
AFC Panel therefore advised that, based on current evidence,
its use as a flavouring substance is not acceptable on
safety grounds. The European Commission has since proposed
that this substance be removed from the Register of
flavouring substances used in or on foodstuffs.
Givaudan
1st Quarter 2005 Sales -
Geneva, Switzerland, 8 April 2005. In the first
quarter 2005, Givaudan recorded sales of CHF 668.7 million
resulting in a decline of 1.6% in local currencies and 4.7%
in Swiss francs, compared to the same period in 2004. The
Fragrance division recorded first quarter sales of CHF 273.1
million which represents a growth of 0.8% in local
currencies and a decline of 1.9% in CHF. The Flavour
division recorded first quarter sales of CHF 395.6 million
which represents a decline of 3.2% in local currencies and
6.5% in CHF, reflecting the strong comparables from 2004. In
addition, sales were affected by lower prices for naturals
such as citrus and vanilla, as well as the streamlining of
non-core ingredients related to the former FIS
portfolio.
Takasago
- 3d Quarter Sales -
February 14, 2005. Takasago sales for the first 3 quarters
(April-Dec.) were 77,049 million ¥, up 5.3% from prior
year. Operating profit increased 44% to 5,089 million
¥.
Frutarom
Industries Ltd. - 3 February 2005, announced
today the successful pricing [Offer Price of NIS 33.50
per Ordinary Share and US$ 7.63 per GDR] of its offering
of ordinary shares ( Ordinary Shares ) and global depositary
receipts ( GDRs ) to qualified international investors (the
Offering ). Application has been made for admission of the
GDRs to the official list of the UK Listing Authority and to
trading on the London Stock Exchange plc s market for listed
securities ( London Admission ).of ordinary shares (
Ordinary Shares ) and global depositary receipts ( GDRs ) to
qualified international investors (the Offering ).
Application has been made for admission of the GDRs to the
official list of the UK Listing Authority and to trading on
the London Stock Exchange plc s market for listed securities
( London Admission ).
Symrise
- Holzminden, February 11, 2005 -Gerold Linzbach to become
new CEO of Symrise. Dr. Gerold Linzbach has been appointed
new CEO of Symrise, effective March 1, 2005. He will replace
James D. Forman, who successfully led the company through
its final phase of integration following its creation by the
2002 merger of the companies Dragoco and Haarmann &
Reimer. Forman is leaving the company by mutual agreement.
48-year-old Linzbach has an excellent knowledge of business
development and was previously president of Invista Resins
& Fibers (formerly Kosa) in the United States. Before
that, he held various key positions in the management of
Trevira Technical Fibers and Celanese Acetate LLC and was a
member of the pro forma board at Aventis Pharma. He is
highly qualified for his new position due to his experience
in these various management positions, his knowledge of the
strategic realignment of companies and his background in the
planning and implementation of reengineering initiatives.
Dr. Linzbach holds a doctorate in chemistry.
drom
Opens New CHINA Fragrance Plant in
Style - Early in December
2004, only 35 weeks after the construction of drom’s
subsidiary had started, the official opening ceremony of the
new state-of-the-art manufacturing facility and service
center in Guangzhou, China, took place. Managing partners Dr
Ferdinand Storp and Dr Andreas Storp were joined by their
father Dr Bruno Storp in welcoming a host of local and
international dignitaries. Read more at droms website (in
their "News" section.
Symrise
- Job Cuts & Major
investments, Holzminden,
November 16, 2004 - Symrise, the fourth largest manufacturer
of flavors, fragrances, cosmetic ingredients and aroma
chemicals, will invest up to 46 million Euros in Germany in
the next three years. Symrise has been working since the
beginning of the year to optimize several of its core
processes to be more closely aligned with client preferences
and to improve overall efficiency. In conjunction with the
works council, the executive board has passed a series of
measures to increase the competitiveness of the company's
German production sites. The main aspects of the new
measures are an increase from a 37.5-hour work week to a
40-hour work week without wage increases and a salary freeze
for the next two years. These measures apply to company
employees in Germany, including management and the Executive
Board.
Quest
Helps Develop 'Artificial Throat' to Study Flavour
Release - November
2004
Rhodia
PPA, Lyon, Nov. 1st, 2004 - announces an average
price increase of 40% on its salicylic acid and 30% on its
Rhodiaflor™ salicylates range which includes methyl
salicylate, benzyl salicylate, hexyl salicylate, isoamyl
salicylates and oxoamyl salicylate. This price increase is
effective from 1st November 2004 where contracts permit.
Although Rhodia PPA continues to pursue cost reductions and
productivity improvements, these measures are not sufficient
to compensate for the dramatic cost increases for key raw
materials, energy, and transport. In particular, the
continued historically highs benzene levels, combined with
escalating costs for key alcohols, force Rhodia to implement
this price revision to achieve acceptable profitability
levels to ensure long term product supply to our
customers.
Frutarom,
October 24, 2004- announced that following the
successful completion of the consultation process (by IFF)
with the employees works council in France to close the site
in Dijon and sell the Fruit Preparations business to
Frutarom, Frutarom expects to acquire within the next
several days the Fruit Preparations (Food Systems) activity
in France, thereby completing the acquisition of IFF's Fruit
Preparations business in Europe. The activity to be acquired
in France comprised 30% of IFF's European fruit preparations
business in 2003. In May, Frutarom announced that it had
signed a letter of intent with IFF to purchase IFF's Fruit
Preparations business in Europe. In August, Frutarom
completed the first stage of the transaction with the
acquisition of the business in Germany and Switzerland,
which is conducted at two modern production sites in
Emmerich, Germany and Reinach, Switzerland. The activity
acquired in Germany and Switzerland comprised 70% of the
European fruit preparations business.
For more information, please visit their website
www.frutarom.com.
Degussa
to exit from food ingredients
business? - October 13,
2004
Richard
Axel and Linda Buck Awarded 2004 Nobel Prize in
Physiology or Medicine, October 4, 2004 - The Nobel Assembly
at the Karolinska Institute announced this morning that the
2004 Nobel Prize in Physiology or Medicine was awarded to
Richard Axel, an HHMI investigator at Columbia University
College of Physicians and Surgeons, and Linda Buck, an HHMI
investigator at the Fred Hutchinson Cancer Research Center.
The scientists were honored for their discoveries that
clarify how the olfactory system works. For additional
information, click HERE.
Handbook of Olfaction and
Gustation, 2d Ed. (RL Doty, Ed.), NY: Marcel
Dekker, 2003, 1200+ pages, is now available (which is the
largest book ever compiled on the chemical senses). This
book is available through Sensonics
or through Dekker.
IFF
- October 1, 2004 - IFF’s James H. Dunsdon named Chief
Operating Officer. International Flavors & Fragrances
Inc. announced today that it has named James H. Dunsdon to
the newly created role of Chief Operating Officer, effective
immediately. In this capacity, Jim will have global
responsibility for all aspects of IFF’s sales, business
development, regional management and operations and will
continue to report to Chairman and Chief Executive Officer
Richard A. Goldstein.
Symrise
- September 24, 2004 - Kathy Cullin to lead the Fine
Fragrances business unit at Symrise. Effective September 20,
2004, Kathy Cullin has been appointed President of the
Global Fine Fragrances business unit at Symrise. She was
previously President Fine Fragrances USA located in New
York. With this new assignment, she is responsible for the
international development of the fine fragrance sector and
will report directly to Tim Schaffner, global president of
the Fragrances Division
Givaudan
- effective October 1st 2004, Dr. Markus Gautschi has been
appointed Global Head of Fragrance Research succeeding Dr
Georg Frater, who will retire at the end of September, 2004.
Dr. Frater started his career with Roche/Givaudan in
Dübendorf in 1970. He was promoted to Head of Fragrance
Research in 1999. For the last 12 years he also held a
teaching assignment in Chemistry at the University of
Zürich where he was awarded the title of professor. He
is the current President of the Swiss Chemical Society.
After his retirement, Dr. Frater will continue to assist
Givaudan as a Senior Scientific Advisor, particularly in
fostering new research co-operations.
Dr. Gautschi joined Givaudan Corporate Research in 1995
and has a doctorate from the ETH Zurich in organic
chemistry. In 1999, he took over the responsability of the
Fragrance Chemistry Research Department in
Dübendorf.
RHODIA
appoints A.C.S International as its distributor in
Germany - Lyon, August 26th 2004 - Rhodia PPA's Flavours
and Fragrance Division is pleased to announce the
appointment of A.C.S. International as its distributor for
Germany. The distribution agreement was signed at the recent
World Perfumery Congress in Cannes and takes effect from the
1st of July 2004. Sebastien Meric, Global Business Director,
said : "We are delighted to welcome A.C.S. International to
our team and to complete our European distribution network
with an excellent partner having an extensive knowledge of
the F&F market. We believe they will be a great asset to
Rhodia and allow us to make significant inroads into the
German and other key markets". A.C.S.International was
founded on May 1, 2004 by Dr. Horst Finkelmeier (a German
national) and Michel Specklin (a French national), two
former senior managers of H&R/Symrise
Frutarom reports record growth,
Frutarom’s sales in the second quarter 2004 totaled US$
44.6 million (NIS 202.9 million), a 38.0% increase compared
with the same period in 2003. Frutarom’s sales for the
first half of 2004 totaled US$ 88.5 million (NIS 399.0
million), a 46.3% increase compared with the same period in
2003.
Givaudan
Half Year 2004 Results - In the first half of
2004, Givaudan continued to outgrow the market. Sales grew
by 3.2% in local currencies and 1.5% in Swiss Francs.
Excluding sales of discontinued fragrance ingredients, group
sales growth reached 5.5% in local currencies and 3.7% in
Swiss Francs. Flavour sales grew by 5.4% in local currencies
and 3.6% in Swiss Francs. All regions and all segments
showed a positive trend. Excluding discontinued ingredients,
Fragrance sales grew by 5.8% in local currencies and 4.0% in
Swiss Francs, substantially above market growth.
IFF Half
Year 2004 Results - in the first half of 2004, IFF
reported sales of $1,059 million (compared to $948 million
in 2003), an increase of 11.6%. Worldwide net sales for the
second quarter of 2004 totaled $524.2 million, increasing 9%
in comparison to the prior year quarter. Reported sales for
the 2004 quarter benefited from the strengthening of various
currencies in relation to the U.S. dollar; had exchange
rates remained constant, sales for the second quarter 2004
would have increased 5% in comparison to the prior year
quarter.
Quest's Half Year
2004 Results - in the first half of
2004, Quest's sales were 315 £m
compared to 349 £m for 2003. Quest’s Food
Ingredients business was sold on 30 April 2004.
“Comparable” performance percentages therefore
exclude the prior year results of the Food Ingredients
business from May onwards. Excluding the Food ingredients
business, sales increased 2% for the half year.
Firmenich Flavor and Fragrance Science
Award 2004 - Geneva, June 4, 2004 - The Award
Committee is pleased to announce that the winner of the
Flavor Award 2004 is Andrea Karin Büttner (Dr. rer.
nat.) of the Technical University Munich. Dr. Büttner,
a 33 year old food chemist, with over 32 scientific
publications, most of which as the first author, has made
original and important contributions to various areas of
flavor and food science. One of the most recent highlighs of
her scientific work is the development of the "Buccal Odor
Screening System (BOSS)" to determine odor-active compounds
in the mouth after swallowing (after-odor). In addition to a
personal cheque of € 10'000.- the winner has received an
invitation to visit Firmenich's headquarters in Geneva and
to present her work during a major forthcoming scientific
meeting.
The IFEAT Conference 2004
 -
"The Essential Oils of the Mediterranean Region" and
"International Developments in Aroma Chemicals and Industry
Legislation" will take place October 24-28 at the Four
Seasons Hotel The Ritz in Lisbon, Portugal. For further
information please contact Louise Kapor at the IFEAT
Secretariat, tel: +44 20 7836 2460, fax: +44 20 7836 0580,
email: secretariat@ifeat.org
Rhodia
announces a price increase on its Rhodiaflor™
salicylates range - Lyon, May 13th, 2004 --
Rhodia PPA announces an average price increase of 10% on its
Rhodiaflor™ salicylates range which includes benzyl
salicylate, hexyl salicylate, isoamyl salicylates and
oxoamyl salicylate. This price increase is effective from
Ist May 2004. Continued high raw material costs particularly
for key alcohols, which Rhodia has previously absorbed
through plant optimisation and supply chain efficiencies,
rising logistics and transport costs, and now benzene prices
at historical highs force this price revision to achieve
acceptable profitability levels to ensure a long term viable
business.
Givaudan 2003 Sales
- Geneva,
Switzerland, 2 March 2004. In 2003 Givaudan recorded sales
of CHF 2,715 million, resulting in an increase of 9.0% in
local currencies and 1.5% in Swiss Francs. On a comparable
basis, as if the FIS acquisition had occurred on 1 January
2002, sales increased by 4.2% in local currencies.
Symrise
- Andrei Mikhalevsky appointed to Global President Flavors
Division . Andrei Mikhalevsky has been appointed new Global
President Flavors Division, effective March 23, 2004. He
will be located in Teterboro, NJ/USA. He follows Daniel E.
Stebbins, who has decided to leave Symrise.
IFF - 2003 Results, Sales for the
year ended December 31, 2003 totaled $1,901.5 million,
increasing 5% in comparison to the prior year. Sales for
2002 included $9.4 million attributable to non-core
businesses that the Company disposed of during 2002;
excluding such sales from the 2002 results, 2003 sales
increased 6% in comparison to the prior year. Reported sales
for 2003 benefited from the strengthening of various
currencies, most notably the Euro, the Japanese Yen, the
Pound Sterling and the Australian dollar, in relation to the
U.S. dollar; had exchange rates remained constant, 2003
sales would have declined approximately 2% in comparison to
the prior year as reported. Net income for 2003 decreased 2%
in comparison to the prior year. Excluding the impact of
restructuring and other charges in both years, 2003 net
income increased 9% in comparison to the prior year. Gross
margin on sales in 2003, as a percentage of sales, declined
in comparison to the prior year, primarily due to the weak
sales performance in the higher margin fine fragrance
business. Earnings have been sustained by the Company's
ongoing cost-cutting efforts and by reduced interest
expense
T.
Hasegawa Co. Ltd. - record sales
and profits in 2003. T.
Hasegawa has reported record sales of 46,465 million yen and
record net income of 3,270 million yen for the year ending
September 2003.
Firmenich
Annual Results, Geneva - For the year ending June 30,
2003, Firmenich reported sales of CHF 1.9 billion, which
represents an increase in local currencies of 9.5% over
2002. The strength of the Swiss franc against most of the
world’s currencies affected reported growth, and
brought results to + 0.3% in CHF over the prior year.
Notably, the flavor division had sales growth in local
currencies four times faster than the market, while the
Perfumery Division posted a double-digit sales increase in
local currencies in a market that is basically flat.
Chemicals reported high single-digit sales growth in local
currencies.
drom
celebrates 20 successful years in Australia - During
November 2003 drom celebrated 20 successful years in
Australia.
The Australian journey for drom began in 1983 on Sydney's
northern beaches with only 3 employees to develop and
promote the Australian market. Today this base has expanded
to encompass Australia and New Zealand and 8 countries in
Asia.
The 2003 Australian facility includes creative perfumery,
applications laboratory, a professional team of fragrance
evaluators, and a progressive marketing department. All
departments work closely with equivalent departments at drom
head office, Munich, Germany.
To supply the Asian sector of this market more efficiently
drom is building a fully automated fragrance compounding
facility in Guangzhou, China, which will be operational in
August 2004.
A highlight of the Jubilee to celebrate twenty dynamic and
successful years in Australia was drom's magnificent display
of 140 unique and priceless fragrance flacons selected from
2500 pieces permanently exhibited at the inimitable flacon
gallery at drom headquarters in Munich.
Cargill to Acquire The Duckworth
Group - COBHAM, UK – 8 October 2003 –
Cargill intends to purchase The Duckworth Group, a leading
British flavour company that serves the food and beverage
industry. The two companies have reached an exclusive
arrangement and intend completing the acquisition by the end
of 2003.
Belmay Fragrances Ltd
Acquires The Independent Fragrance Company, Ltd., UK - July
11, 2003. Ted Kesten, President and CEO of Belmay, has
announced that Belmay Fragrances Ltd, UK has agreed to
acquire all the issued and outstanding shares in The
Independent Fragrance Company, Ltd. of Northampton, UK, a
privately-owned multinational fragrance manufacturer.
Belmay, headquartered in New York, is a full service
multinational fragrance and flavour manufacturer with 11
strategic global locations serving customers in 40
countries. Belmay supplies fragrances and flavours for key
branded and private label consumer products. The Independent
Fragrance Company has considerable international presence in
the Far East and Eastern Europe, two areas where Belmay will
strategically strengthen its overall position and service to
its customer base. Belmay's acquisition includes The
Independent Fragrance Company's existing fragrance
businesses in the UK, Poland, the Pacific Rim countries of
Thailand, Taiwan and Vietnam as well as their manufacturing
sites in Northampton, UK; Hong Kong and Guangzhou, China.
Belmay Fragrances Ltd. currently services the Pacific Rim
through its office and laboratory in Singapore.
Leipzig
Miltitz Duft und Aroma GmbH
- new website. This is a must see site for anyone interested
in the history of the flavor & fragrance industry and
its resurrection in Leipzig.
Frutarom Industries Ltd. acquires Emil
Flachsmann AG - 16 June 2003, Frutarom Industries
Ltd., through its subsidiary Frutarom UK, has agreed to buy
Emil Flachsmann AG, a leading Swiss company in the
production of high-quality flavours, pharma-grade plant
extracts as well as extract-flavour compounds and
applications for the food and pharmaceutical industries.
Flachsmann, a privately-owned Swiss company with
headquarters in Wädenswil, is a company with over 65
years of experience. The Flachsmann worldwide network
includes plants in Switzerland, Canada and Scandinavia as
well as marketing and sales offices in Germany and
Hungary.
Kao
Agrees to Acquire Fragrance & Specialties Business from
Cognis of Germany - March 17, 2003; The
acquisition amount is 36 million euro (equivalent to
approximately US$38.8 million, exchange rate: US$1 = 0.93
euro). The acquisition procedure is expected to be completed
in April 2003. Including the net sales of Cognis’
fragrances and specialties business in FY2001 at 30 million
euro (equivalent to approximately US$32.4 million),
Kao’s consolidated net sales from this business field
will amount to the level of 15 billion yen (equivalent to
approximately US$126.7 million).
Symrise - In 2002, the combined
companies (of the 2002 merger of Dragoco and Haarmann &
Reimer) generated sales of € 1.24 billion. This represents a
3.2-percent rise in sales year on year in local currencies.
Expressed in the reporting currency (euros), sales were up
moderately from the previous year. This sales growth was
generated, in particular, in the flavor segment, where sales
rose by 6.2 percent, as well as by the regions of Europe (+
6.1 percent) and South America (+ 7.5 percent). The
fragrances and aroma chemicals/cosmetics segments also
posted higher sales growth year on year. Symrise employs a
total of some 5,800 people worldwide, including 2,800 in
Germany.
Degussa Flavors & Fruit
Systems, March 4, 2003 - Business trends were
sluggish after an extremely good performance in previous
years. Sales were down 6 percent year-on-year at €223
million and EBIT declined substantially. Fruit Systems in
particular suffered the effects of price pressure and a
clear drop in demand. The weaker dollar also reduced sales
and earnings as the USA accounts for about 75 percent of
business.
Quest International 2002 Sales -
were £ 716 million, down 1.5% from 2001.
Givaudan Results 2002 - Geneva,
Switzerland – 5 March 2003 – In 2002 Givaudan
recorded sales of CHF 2.7 billion, resulting in an increase
of 18.2% in local currencies and 11.4% in Swiss Francs
compared to 2001. These figures include sales of the
acquired FIS, Nestlé's flavour business, as from May
2002. On a comparable pro forma basis – as if the FIS
acquisition had occurred on 1 January 2001 - Givaudan
maintained its healthy growth with a 6.1% sales increase in
local currencies, clearly outgrowing the market.
Sensient Technologies Flavors &
Fragrances Group (Feb. 14, 2002) has reported 2002
sales rose by 8.8% to $572.2 million; however as about 27%
of these sales are in dehydrated onion, garlic, chilies
& vegetables, we estimate that "conventional" 2002
F&F sales were about $418 million (up about 7.5% from
2001).
Dragoco and Haarmann & Reimer become
Symrise - February 21, 2003, The two Holzminden-based
fragrance and flavor producers Dragoco and H&R now have
a new name: The future now belongs to "Symrise" - because in
the future, this global player will be doing business under
this new name throughout the world, and that also includes
the Internet. The Web address for the new joint corporate
website containing the latest information is www.symrise.com.
For the time being, the former Internet sites of Dragoco and
H&R will continue to remain available under their former
domain names.
Firmenich International SA -
February 17, 2003 - Mr. Heinz IMHOF, to join the Board of
Directors
International Flavors &
Fragrances - New York, N.Y., January 27, 2003 -
reported fourth quarter and full year 2002 results in line
with expectations. Fourth quarter 2002 sales totaled $424.3
million, an increase of 5% over comparable 2001 sales of
$405.6 million excluding $13.6 million of sales attributable
to non-core businesses disposed of by the Company. Sales for
the full year 2002 totaled $1,809.2 million, increasing 2%
over comparable 2001 sales of $1,774.5 million excluding
$69.3 million of sales attributable to non-core businesses
disposed of by the Company. Sales for the full year 2001 as
reported were $1,843.8 million.
T. Hasegawa Co., Ltd - has
reported 2002 consolidated net sales of 45196MM ¥, an
increase of 6.4% over 2001 with net income of 3229MM ¥,
up 21.5%.
Firmenich
(Nov. 20, 2002), the world's largest privately-held flavor
and fragrance company, today announced the acquisition of
BjØrge Biomarin AS, the leading European producer of
natural seafood extracts. Established in 1988, the Norwegian
company will continue to be managed by its founders and
former owners, Jan and Oddvar BjØrge and will operate
under the name of Firmenich BjØrge Biomarin AS. Its
main production facility is located in Aalesund, the center
of the Norwegian fishing industry. "The acquisition of
Biomarin will provide Firmenich with first hand access to
natural seafood extracts, contributing significantly to the
range of high quality natural ingredients available to our
flavorists. This will allow us to develop superior products
for our clients and reinforce our leading position in the
Industry", said Mr. Patrick Firmenich, Chief Executive
Officer of Firmenich. "The pooling of technical expertise
and resources will further strengthen our culinary
application capabilities to meet the demands of consumers
worldwide".
Firmenich - sales for the
financial year ending June 30, 2002 increased in local
currencies by 3.4 % – the twelfth consecutive year of
growth, at the same time gaining market share at the expense
of most of their competition. During the same twelve months,
the value of the Swiss Franc increased against all major
currencies, resulting in a flat year at 1.9 billion in Swiss
francs.
How
safe is cinnamon spice? - 15 November 2002. The
popular spice cinnamon contains cinnamaldehyde, a compound
that may be toxic to human cells, says Peter O'Brien, a
leading pharmacologist. He is calling for a thorough risk
assessment of the spice, particularly in view of its
widespread use in both foods and cosmetics. O'Brien, a
researcher at the University of Toronto, is due to publish
his results in the December issue of Chemico-Biological
Interactions.
News Flash - Nov. 2, 2002 -Fire at
Quest, The research building
of Quest in Naarden, built approx. 30 years ago, has been
reported as being on fire since 9 AM this morning. People in
the area have been advised to keep windows closed because of
smoke and fumes.
Update on Quest fire - Nov. 4th,
Apparently the R&D building in Naarden is a total loss,
but no injuries have been reported. As much of the technical
information is stored on off-site servers, the task ahead is
mainly to rebuild laboratory capability as rapidly as
possible. Although it is planned to rebuild a new R&D
building, R&D will be setting up in temporary space for
the immediate term.
Merger of H&R and Dragoco under
EQT´s lead now set - October 1, 2002.
EQT to Acquire Haarmann &
Reimer From Bayer - to Merge with Competitor Dragoco. New
company will be among Top F&F Industry
Players.
Munich/Holzminden, July 17, 2002 - EQT
Northern Europe Private Equity Funds (EQT) have signed an
agreement with Bayer to acquire the world's fifth largest
manufacturer of flavors and fragrances, Haarmann &
Reimer. EQT will, at the same time, acquire shares in the
competitor Dragoco and the two Holzminden-based
manufacturers of flavors and fragrances, Haarmann &
Reimer and Dragoco, will subsequently be merged into a new
company, operating under a new name.
EQT will have a controlling stake of 76% in the new company.
In addition, Dragoco CEO Horst-Otto Gerberding will hold a
22% stake and NordLB a 2% stake. The merger is subject to
approval by the cartel authorities.
The merger will create a company with sales of EUR 1.245
billion, which will join the ranks of the top industry
players. The CEO of Dragoco, Horst-Otto Gerberding, will
head the new company. Lambert Courth, President and CEO of
Haarmann & Reimer, will return to Bayer after the
conclusion of the transaction in order to assume new
responsibilities there. The merged company will have 5800
employees at some 30 production facilities around the world.
The headquarter will remain in Holzminden.
Both Haarmann & Reimer and Dragoco are successful global
players in the areas of fragrances and flavor compositions,
aroma chemicals and cosmetic ingredients. The new company
will have a market share of approximately 11% of the EUR 11
billion global market. The merged company will seek to
considerably expand its global position. The broadened
product portfolio and strengthened R&D resources are
among the most important growth factors.
EQT is acting as a catalyst in this process to support the
growth strategies of two competitors.
"The merger will bring together complementary structures and
resources in a new company that will combine Haarmann &
Reimer's high technological standards and proven strengths
in the field of R&D with the creativity and
innovativeness of Dragoco. As a result, the new company will
be in a better position with large customers in the food,
perfume and cosmetic sectors," emphasized Horst-Otto
Gerberding, CEO of Dragoco.
"EQT is proud to be the catalyst in the merger of these two
successful companies. Both Haarmann & Reimer and Dragoco
have had growth rates above industry average over the past
years and EQT looks forward to support a continuous growth
path for the new company." says Udo Philipp, partner at EQT
Partners, the investment adviser to the EQT Funds.
The H&R Group (www.haarmann-reimer.com) is a global
player in the sector with companies on all five continents
and a total of 3,800 employees. In 2001, the H&R Group
reported sales of EUR 872 million.
The Dragoco Group (www.dragoco.com) is a global company with
more than 2,000 employees. Sales in 2001 were EUR 372
million.
EQT (www.eqt.se) is a group of private equity funds with
equity commitments exceeding EUR 3 billion and is sponsored
by Investor AB, the publicly listed holding company of the
Wallenberg group. EQT Partners, acting as investment advisor
to all EQT funds, has offices in Stockholm, Copenhagen,
Helsinki and Munich. The business concept of EQT is realised
by acquiring and developing high-quality medium sized
companies in Northern Europe. EQT serves as an active owner
and works in close co-operation with the management of the
companies it acquires, to develop and implement
value-enhancing strategies.
Further information is available from:
Mr. Udo Philipp, Partner, EQT Partners GmbH at +49 89 25 54
99 22
Mr. Hans Moock, Partner EQT Partners GmbH at +49 89 25 54
9920
Mrs. Caroline Rosén Partner, IR & Communication,
EQT Partners AB at +46 70 589 00 37
Givaudan's Head of Fragrance Research Appointed to
Professorship at the University of
Zurich - July 8, 2002 - Givaudan
is pleased to announce that Dr. Georg Frater has been
appointed as professor to the Mathematics and Natural
Science Faculty of the University of Zurich. This
appointment is in recognition to the many years that Georg
has worked with the university to promote science and
teaching in a private capacity. Givaudan Research and
Development departments work closely with many universities
around the world and this appointment demonstrates the
importance that the company accords to academic research.
The links with the University of Zurich go back to Leon
Givaudan, who studied there in 1895; the same year the
brothers started a small laboratory in Zurich, before
founding the company in Vernier (Geneva, Switzerland).
Neotame
approved as general-purpose sweetener - July
5, 2002, FDA announces its approval of a new sweetener,
neotame, for use as a general-purpose sweetener in a wide
variety of food products, other than meat and poultry.
Neotame
is a non-nutritive, high intensity sweetener that is
manufactured by the NutraSweet
Company of Mount Prospect, Illinois.
Ungerer
& Company - May 25, 2002, Introduces a
New Web site
Patrick Firmenich to succeed
Pierre-Yves Firmenich as CEO of Firmenich -
Geneva, May 22nd 2002 - Firmenich,
the world's largest privately owned flavors and fragrance
company, announced today that Mr. Pierre-Yves Firmenich,
Chief Executive Officer since 1989, will retire effective
July 1st , 2002. He will be succeeded by Mr. Patrick
Firmenich, his nephew and the son of Mr. Fred-Henri
Firmenich, the former Chairman of the Board. Patrick
Firmenich represents the 4th generation of the Firmenich
family, which has controlled the Company for 107 years.
During Pierre-Yves Firmenich's tenure as Chief Executive
Officer, Firmenich has continuously posted above-average
industry growth. During those 13 years, sales have increased
more than three-fold to reach a level of CHF 2.0 billion.
Firmenich
Flavour Award 2002
- Dr. Thomas Hofmann of the
Deutsche Forschungsanstalt für Lebensmittelchemie has
received the 2002 Firmenich Flavour Award. Dr. Hofmann, a 34
year old flavour chemist, with already over one hundred
scientific publications, has made important contributions in
nearly fields of food flavour research, opening many new
avenues for future investigations. Recently, Dr. Hofmann
discovered a new class of cooling compounds in dark beer
malt. In addition to a personal check of € 10'000, the
winner has received an invitation to visit Firmenich's
headquarters in Geneva and to present his work during a
major forthcoming scientific meeting.
Robertet
2001 Sales Results -
Robertet has reported year 2001
sales of 203.1 million euros, a 13.9-percent rise over
2000's 178.3 million euros.
Perlarom -
(Brussels, May 7, 2002) - Danisco has reached an agreement
with the shareholders of Perlarom to purchase the Belgian
based flavour house and all its subsidiaries.
drom
Fragrances International has
received an award for being one of the Top 100 innovative
medium-sized companies in Germany for 2002.
Vanilla
Turmoil - The Economist (Apr 18th
2002) has posted a story on the world vanilla
market.
Olfactory
receptor gene superfamily of the
mouse - January 2002 -
Stuart Firestein with Xinmin Zhang at Columbia University
have identified the mouse OR genes from the nearly complete
Celera mouse genome by a comprehensive data mining strategy.
They found 1,296 mouse OR genes (including 20% pseudogenes).
Human ORs cover a similar 'receptor space' as the mouse ORs,
suggesting that the human olfactory system has retained the
ability to recognize a broad spectrum of chemicals even
though humans have lost nearly two-thirds of the OR genes as
compared to mice.
IFF 2001 Sales - New York, N.Y.,
January 28, 2002 --- International Flavors & Fragrances
Inc. reported that full year 2001 sales totaled $1,843.8
million in comparison to pro-forma and reported sales of
$1,880.6 million and $1,462.8 million for the full year
2000, respectively. On a full year basis, local currency
sales increased 1% although these gains were unfavorably
impacted on translation into the stronger U.S. dollar,
resulting in a 2% decrease in reported sales in comparison
to 2000 pro-forma results.
Givaudan to acquire
FIS, Geneva, 18 January 2002.
Givaudan SA, Vernier, has signed an agreement with
Nestlé SA, Vevey, to acquire its flavour activities,
operating under the umbrella of Food Ingredients
Specialities (FIS). FIS headquartered in
Châtel-St-Denis (Switzerland) with sales of about CHF
400 million (U.S. 241 million) per year. The acquisition is
still subject to regulatory approval in several countries.
"With this combination Givaudan implements its strategic
goal of further strengthening its core business in order to
become the undisputed leader in the flavour and fragrance
industry."
Coca-Cola New York delivery truck, September 11,
2001
May God bless all who perished
& all who mourn
IFF - 3d Quarter 2001 Results ,
IFF, Oct. 25, 2001- reported sales for the third quarter
2001 totaling $462,719,000 in comparison to reported sales
in the third quarter 2000 of $339,591,000 (IFF alone) or
$459,804,000 on a pro-forma basis of the combined (IFF &
BBA) Companies. Earnings rose to $39.2 million, or 41 cents
a share, from $33.7 million, or 34 cents a share, in the
year-ago period, excluding unusual items. IFF closing stock
price on October 24, 2001 was $27.32 compared to $15.69 on
October 24, 2000.
6th World Perfumery Congress, 2001 -
the 6th World Perfumery Congress will
be held at the Palais des Festivals de Cannes, May 29 - June
2, 2001
Givaudan Regains No. 1 Status in 2000
and 1st Q. 2001 sales up
5%.
IFF And Aerome Form Strategic
Alliance
New York and Düsseldorf, Germany
(March 20, 2001) – International
Flavors and Fragrances Inc. and
aerome
AG Scent Communication Group of
Düsseldorf Germany announced today that they have
entered into a strategic alliance under which they are
jointly developing flavor & fragrance delivery
technologies and devices that deliver new scent experiences
to consumers.
 IFF
- Jan 29, 2001 - International Flavors & Fragrances Inc.
(NYSE:IFF), said on Monday that its fourth-quarter net
income, excluding non-recurring charges and the Bush
Boake Allen acquisition, fell 37 percent as flavor sales
in North America were weak. Net income, excluding charges
and BBA, fell to $24.6 million, or 25 cents a diluted share,
from $38.9 million, or 37 cents a share, in the year-ago
quarter. Fourth quarter net sales,
excluding BBA, fell to $318.6 million from $336.0 million a
year ago. Including BBA and excluding charges, the company
earned $17.1 million, or 18 cents a share in the fourth
quarter.
Based on first 9 months 2000 SEC
Filings and this announcement, we estimate that IFF year
2000 sales were
$1396.9
million, down 3% from 1999 and net
income ,excluding BBA and non-recurring charges, was
$157.2
million , down
16.9% from a comparable $189.2 million in 1999.
* IFF Sales comparisons for
year 2000 do not include Bush Boake Allen. Consolidated
Sales for the full year 2000 totaled $1,462,795,000 -
IFF acquired Bush Boake Allen ("BBA") effective
November 3, 2000, and the BBA operating results are
included in the Company's consolidated results from that
date.
Fragrance Industry Endorses DigiScents
Technology -
December 4, 2000 - DigiScents, Inc.
announced today that it has raised an undisclosed amount
from fragrance industry leaders Switzerland-based Givaudan
and Netherlands-based Quest International, a wholly owned
subsidiary of ICI Plc. The deal grants the two companies an
equity stake in DigiScents and status of preferred fragrance
suppliers. Details of the alliance were not disclosed.
Givaudan: "DigiScents is
the most suitable partner for Givaudan to enter into
promising new fragrance markets," states Jürg Witmer,
CEO of Givaudan.
Quest: "This alliance
illustrates the company's (Quest's) intent to be at the
forefront of the rapid changes in the use of technology, and
to exploit new market opportunities arising from the
experience of fragrance by consumers in new situations,"
says Jean Pierre Houri, Group Vice President, Quest
International, Fragrance Division.
(Note* - Dr. John C.
Leffingwell of Leffingwell & Associates is a Scientific
Advisory Board Member of DigiScents,
Inc.)
Science
Magazine, October 20, 2000 issue,
NetWatch reviews the Leffingwell & Associates website.
"A great place to sniff out smell lore ...". If you don't
have an online subscription to Science,
you can still access this review by using the "free"
subscription
application.
Firmenich,
November 2000
-
launches the Chemical Division
On-line Compendium ,
containing their perfumery raw
materials catalogue featuring over 100 chemicals and
specialities with fragrance descriptions and uses.
Aurora Biosciences and Senomyx,
November 1, 2000 - announced that
they have signed an exclusive collaborative research and
license agreement for the discovery of consumer products
enhancing taste and olfaction.
Universal Foods
Corp. -
Nov. 6, 2000
-
Announces New Identity as
Sensient Technologies Corporation -
Milwaukee--Universal Foods Corporation, a supplier of color,
flavor and fragrance technologies and products, today
announced its new name, Sensient Technologies Corporation
(NYSE: SXT)."Today, we are a new company," said Kenneth P.
Manning, Chairman, President and
CEO..
Firmenich -
October 12, 2000, reported record sales of almost 1.7
billion Swiss francs, an increase of 22 percent for the
12-month period ending June
2000.
Quest International -
In the first half of 2000, Quest sales
increased to 341 £m from 331 £m in 1999 (+4%)
while profits were 55 £m compared to 49 £m in the
1st half of 1999
(+12%).
Givaudan -
October 11, 2000, stated that sales rose by
seven percent in the first nine months of the year to 1.80
billion Swiss francs. Fragrance sales rose four percent in
Swiss francs and lost one percent in local currencies to 856
million francs. Flavours rose by 10 percent in francs and
one percent in local currencies to 933
million.
Paris, September 27, 2000
- France
Telecom and its partners experiment
in diffusing smells over the Internet - In partnership with
Germany's Ruetz Technologies and ISIPCA, France Telecom
R&D has recently developed an experimental device for
diffusing scents over the Internet. In real-time, via a
local diffuser, the device enables the user to smell the
aromas associated with the multimedia contents of a web site
September 25, 2000 -
International Flavors &
Fragrances to Buy BBA - International
Flavors & Fragrances Inc. announced it would purchase
Bush Boake Allen Inc. for $48-1/2 per outstanding share, or
$970 million.
Sept. 6, 2000 -
DigiScents, Inc.
-
DigiScents, Inc., the pioneer of
digital scent technology, has announced its acquisition of
SenseIT Technologies, Inc.
MCI Miritz Citrus
Ingredients GmbH is pleased to
announce the appointment of Pia Henzi as Managing Director
of their NY office, MCI Miritz Citrus Ingredients LLC. MCI
Miritz GmbH is headquartered in Kirchgandern, Germany where
ultra-modern, high-tech facilities produce top quality
citrus ingredients for the flavor industry. Tel:
845-988-9920/Fax: 845-988-9921;
Email:pia.henzi@miritz.com
April 26, 2000
- IFF names Goldstein as Pres. &
CEO - New York, NY, - Richard A.
Goldstein Named Chairman and CEO of International Flavors
& Fragrances brings a strong Record as Brand Builder and
Strategist at Unilever; Pledges ‘To Capitalize on
IFF’s Powerful Fundamentals’ International
Flavors & Fragrances Inc. (NYSE: IFF) announced today
that Richard A. Goldstein, President and Chief Executive
Officer of Unilever United States, Inc., and President of
Unilever North American Foods, will become Chairman and
Chief Executive Officer of International Flavors &
Fragrances effective June 1st.
IFF - now on the
Web This is one of the
industries best constructed sites. Follow the flavor or
fragrance timelines to see what IFF has done in R&D
since 1952. See the latest financials and download their
annual report.
April 1, 2000 -
Press Release - Joining
Forces
-
Boelens Aroma Chemical Information Service
(BACIS)
(the Netherlands) and Leffingwell & Associates (USA)
have announced a joint Marketing & Technical Assistance
Agreement to assist their worldwide
flavor, fragrance and food industry customers. By this
agreement, both companies benefit by significantly expanding
their software offerings and being able to provide increased
technical support. BACIS products include (1.) VCF 2000 -
Volatile Compounds in Food, (2.). ESO 2000 - The Complete
Database of Essential Oils, (3.) Compilations of odour
threshold values in air and water, (4.) PMP 98 - Database of
Perfumery Materials & Performance, (5.) FRM 98 - The
Complete Database of Flavour (Raw) Materials, (6.) PFC -
Perfumes & Fragrances Classification database.
Leffingwell & Associates products include (7.)
Flavor-Base 98, (8.) Beverage-Master 2000 International,
(9.) Juice-Master 2000 International and (10.)
Additive-Master 99. Demos of these leading products and
technical assistance can be obtained by contacting either
Boelens Aroma Chemical Information Service (BACIS) (Ron
Boelens [email: bacis@xs4all.nl;
Tel/Fax: + 31 35 525 3558]) or Leffingwell &
Associates (John Leffingwell [email: leffingwell@mindspring.com;
Tel: + 1 770 8895111; Fax: + 1 770 8870089]).
For more information visit the web pages
at http://www.leffingwell.com and http://www.bacis.com
Bayer to Sell H&R, Dec. 6,
2001 - the Supervisory Board of Bayer AG decided to
restructure the company as a holding company. In connection
with the resulting focus on its core businesses, Haarmann
& Reimer will now be given the opportunity to
effectively improve its market position through the
acquisition by a suitable partner.
R&D Day in Dübendorf
The first ever Givaudan R&D day took place on 14
September 2001 in Dübendorf.
J.M. Smucker and IFF - Oct. 8,
2001- jointly announced an agreement in principle for
Smucker to acquire IFF's formulated fruit and vegetable
preparation businesses in the U.S. and Brazil. The IFF fruit
prep businesses have combined annual sales of $28
million.
drom Fragrances - Munich, 3
October 2001, has posted growth of more than 20 percent in
the first half of fiscal 2001. The increase includes gains
in France, the United States, Middle-East and Asia-Pacific.
Additional equipment has been added to the main production
plant at the corporate headquarters to meet growing demand.
The Sales and marketing departments are being expanded,
adding new personnel. In the second half of 2001, the
company will construct a New Jersey-based production
plant.
Givaudan - Geneva, 14 August
2001. In the first half of 2001,
Givaudan recorded CHF 1,259 million in overall sales
resulting in a +5% increase in both Swiss Francs and local
currencies compared to the same period in 2000. Operating
profit rose to CHF 222 million (+6%) and net income in pro
forma terms rose by 16% to CHF 149 million.
Quest International - For the 1st
half 2001 sales increased 6% to 376£m from 341£m
in 2000. Trading profits increased 5% to 60£m fron
55£m in the 1st half of 2000.
Senomyx (June 2001) -Scientists at
Senomyx, Inc. have identified a set of 347 human olfactory
receptor genes, which the Company believes represents
substantially the complete set of functional receptors
related to smell.; full article at Genome
Biology
Dragoco -
Double-digit increase in sales and market share growth in
2000. Group turnover in 2000 increased by 11% to 687.4
million marks (DM 619.5 in 1999). The group net income for
the year improved from DM 14.3 million to 18.9 million.
Going public no longer a strategic objective.
2001 Firmenich Flavour and Fragrance Science Award
- to Dr. Peter Mombaerts (April 26, 2001)
Takasago International
consultant Ryoji Noyori (also a Nagoya University professor)
has won the 2001
Nobel Prize in chemistry. Sharing the honor with US
chemists William Knowles and K. Barry Sharpless. Noyori has
been recognized for his work on the chiral synthesis of
l-menthol and chirally catalysed hydrogenation
reactions.
Methyleugenol
listed as known carcinogen, Nov. 16, 2001 -
California's Office of Environmental Health Hazard
Assessment (OEHHA) has placed methyleugenol on a list of
chemicals known to cause cancer. The move is in conjunction
with the Safe Drinking Water and Toxic Enforcement Act of
1986 (Proposition 65)
Technology Flavors and Fragrances
Inc., November 20, 2001, TFF has agreed to merge with
Belmay.
On the date of the merger, Belmay stockholders will hold 75
percent of TFF common stock. Upon closing, TFF wi ll be
renamed Belmay/TFF Inc. The new company will have combined
sales of over $60 million.
Quest International, November 1,
2001, 3rd quarter results showed sales of 555 million £
for first nine months in 2001 compared to 520 million £
in 2000 (+6.7%).
Rhodia Perfumery and Specialties,
October 24th 2001, announces today a price increase of
around 10% for some of its Specialties products and Aroma
chemicals. This price increase will be effective January
1st, 2002, with some differences according to the geographic
zones.
Firmenich - Geneva, October 11,
2001 - announced that for the eleventh consecutive year the
group reported record sales of 1.9 billion Swiss francs, an
increase of 14% for the 12-month period ending June 2001.
[Editors comment - Firmenich is now the
3d largest F&F company with an estimated
market share of
10.7%]
Givaudan - Geneva, 11 October
2001. In the first nine months, Givaudan recorded sales of
CHF 1'861.3 million compared to CHF 1'789.2 million in last
year's period, representing a growth of 4.0% in Swiss Francs
and 5.2% in local currencies.
|
******
Previously Featured Sites of the
Month ******
Haldin
- Natural
Ingredients from Indonesia
Rhodia's
new Rosilial
PlusTM
- a chiral advance
Flexitral
- Odorants by Design
Followers
of fashion - Chemistry in
Britain, Nov. 2002, To keep up with fashion trends, the
flavour and fragrance industry is consolidating and
spreading across the globe, as Emma Davies reports.
DuPont - Process for making terpenes from
methane - In October 2002, Dupont researchers Deana
DiCosimo, Mattheos Koffas, James Odom and Siqun Wang
disclosed a process for the efficient biochemical synthesis
of cyclic terpenes (e.g. limonene, cineole, beta pinene,
etc.) using methane as the source material. The process
employs a methanotrophic bacterium that has been genetically
engineered to produce cyclic terpenoids. See US
Patent Application No. 20020142408
Flavour
Chemicals
- Summary of
Toxicology
Evaluations Performed by the Joint FAO/WHO Expert
Committee
JECFA
Flavouring Agents Database
online
JECFA
Food Additives Database
online
Cooler
than Menthol - Researchers
in Germany have found a compound,
4-methyl-3-(1-pyrrolidinyl)-2[5H]-furanone,
with much greater cooling power than
menthol.
Takasago's
New Patent - Process for
producing isopulegol improves menthol
production
Menthol
via Lipase resolution
Menthol
from Mesityl oxide via Piperitenone
1-Methoxyhexane-3-thiols
- Characteristic impact compounds of Clary Sage
Flowers (A Firmenich Discovery)
Takasago
- New English Web Site & Compendium
Frutarom
- New Web Site Design
Dragoco
- New Web Site Design
DVK
- Olfactory Enhancement of Indoor Air
Firmenich
- New Web Site Design
Ungerer
& Company - New Web
Site
Moellhausen
S.P.A.
Taste
- UNLOCKING THE SECRETS OF TASTE
from Chemical & Engineering News -
September 10, 2001. Need to be ACS member to access for
free
Musées
de Grasse - A
Spectacular Tour of Perfume & Art
Grasse
Institute of Perfumery
Rhodia
- Perfumery Specialties -
announces a price increase of around 10% for some of
its Specialties products and Aroma
chemicals.
GSB
& Associates -
Eugene Buday, long one of the world's premier flavorists,
gives a concise view of "What is Flavor Creation?" Science,
art, customer service and the background of a flavorist are
discussed. A very nice site.
Nathaniel's
Nutmeg -
nutmeg formed the basis of one of the most bitter
international conflicts of the 17th century, and was also
intimately connected to New York City's rise to global
preeminence. Strange but true: nutmeg was, in fact, one of
the most prized commodities in Renaissance Europe, and its
fascinating story is told in Giles Milton's delightful book,
Nathaniel's Nutmeg. For those interested in the spice trade,
this is it.
Luca
Turin's Theory Gets Boost - December 28, 2006 -
Turin's often maligned theory of olfaction (see Keller, A
and Vosshall, LB. (2004), Nature
Neuroscience 7:337-338) has recieved theoretical
validation in principle from recent work by physicist
Marshall Stoneham and his colleagues at University College
London. They have constructed a specific mechanism based on
the properties of so-called G-protein coupled receptors,
which project from olfactory cells inside the nose. The
researchers imagined that the odorant fits into a spot
between a site that donates an electron and one that
receives the electron. In this model, the receptor switches
on when an electron hops from donor to acceptor. The group
calculated that an electron could "tunnel" through the
barrier imposed by the odorant, an effect made possible by
quantum mechanics, they wrote in a preprint
accepted for publication in Physical Review Letters. The
key issue is whether the hopping rate with the odorant in
place is significantly greater than that without it. The
calculations show that odor identification in this way seems
theoretically possible. But Horsfield stresses that that's
different from a proof of Turin's idea. "So far things look
plausible, but we need proper experimental verification.
We're beginning to think about what experiments could be
performed." See also The
quantum mechanics of smell and Rogue
theory of smell gets a boost. For stimulating (or
infuriating) reading, depending on ones scientific point of
view, also see Luca Turin's newest book, The
Secret of Scent: Adventures in Perfume and the Science of
Smell . This book, which is replete with numerous
factual and typographical errors, continues his assault on
those who do not agree with his theory (and that includes
nearly every scientist in the flavor & fragrance
industry).
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