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Symrise
Symrise

Food & nutrition / Flavours and fragrance

At a Glance | Core Facts | Company Due Diligence: | Industry Due Diligence: | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview
Symrise is a global supplier of fragrances, flavors, cosmetic ingredients and functional ingredients. It was founded in 2003 through a merger of two German companies, Haarmann & Reimer and Dragoco, and is headquartered in Holzminden, Germany. The company operates in over 40 countries and has production sites, sales offices, and research and development centers worldwide.
The company's vision is to be the preferred partner for customers seeking innovative and sustainable solutions in the fragrance, flavor and nutrition markets. Their products are used in a wide range of consumer goods, including perfumes, cosmetics, food and beverages, and household and personal care products.
Symrise operates under a sustainability strategy that focuses on responsible sourcing of raw materials, reducing environmental impact, and supporting local communities. The company also has initiatives in place to promote diversity, inclusion, and equal opportunities within its workforce.
In addition to its business activities, Symrise is also involved in various philanthropic and social responsibility projects, such as providing support for small-scale farmers in developing countries and promoting education and health in local communities.
Overall, Symrise is a leading company in the fragrance and flavor industry, known for its high-quality products, innovative solutions, and commitment to sustainability.
What is special about the company?
1. Long history and global presence: Symrise has a long history dating back to 1874 and it has a global presence with operations in more than 90 countries.
2. Expertise in flavor and fragrance: Symrise is one of the world's largest producers of flavors and fragrances with a broad portfolio of more than 30,000 products. They have a team of highly skilled perfumers and flavorists who develop unique and innovative solutions for their customers.
3. Sustainable and responsible practices: Symrise is committed to sustainability and responsible business practices. They have set ambitious goals to reduce their environmental impact, such as achieving carbon neutrality by 2030.
4. Strong research and development capabilities: Symrise invests heavily in research and development to continuously innovate and develop new products. They have a global network of R&D centers and a team of over 1000 scientists, dedicated to creating new solutions for their customers.
5. Customer-focused approach: Symrise works closely with its customers to understand their needs and develop tailored solutions. They also offer extensive technical and market knowledge to help their customers grow their business.
6. Diverse portfolio: Symrise serves a wide range of industries including food and beverages, fragrances and cosmetics, and pet food. This diversification allows the company to navigate through market fluctuations and ensures a stable revenue stream.
7. Strong financial performance: Symrise has a strong financial track record, with consistent revenue and profit growth over the years. This stability and profitability make it a reliable partner for customers and investors alike.
What the company's business model?
Symrise is a global supplier of fragrances, flavors, cosmetic active ingredients, and raw materials, as well as functional ingredients for the food, beverage, and fragrance industries. The company's business model is based on a vertically integrated value chain, which includes sourcing, creation, and production of high-quality ingredients, as well as the development of diverse applications for end products.
Symrise's business model also focuses on sustainable practices, including responsible sourcing of raw materials, eco-friendly production processes, and innovative solutions that help customers reduce their carbon footprint. The company aims to continuously create value for its stakeholders by anticipating market trends, providing customized solutions, maintaining strong relationships with customers, and investing in research and development.
In addition, Symrise places a strong emphasis on diversity, inclusion, and employee development, which are integral to its business success. The company also partners with local communities and NGOs to promote social and environmental initiatives.
Overall, Symrise's business model is centered around creating sustainable value for all stakeholders, while driving innovation and growth in the global fragrance and flavor market.
Interesting facts about the company
1. Symrise is a global company that operates in over 40 countries and has more than 100 production sites worldwide.
2. The company was founded in 2003 as a result of a merger between two fragrance and flavor companies, Dragoco and Haarmann & Reimer.
3. Symrise is one of the largest suppliers of fragrances, flavors, and cosmetic ingredients in the world, serving customers in the food and beverage, fragrance and cosmetic industries.
4. The company has a strong focus on sustainability and has set ambitious goals to reduce its environmental impact and improve the social and economic conditions of its employees and suppliers.
5. Symrise works closely with local communities and sources many of its ingredients from small-scale farmers and producers in developing countries.
6. The company has a portfolio of over 30,000 products and collaborates with major brands such as Nestle, L’Oreal, and The Coca-Cola Company.
7. Symrise invests heavily in research and development, with over 1,600 employees working in this field, and has a strong track record of innovation, creating over 500 new products every year.
8. In addition to fragrances and flavors, Symrise also offers functional cosmetic ingredients and active ingredients for the food, fragrance, and cosmetic industries.
9. The company has a strong commitment to diversity and inclusion, with women making up almost 40% of the management board and a dedicated program to promote diversity in the workplace.
10. Symrise has won numerous awards for its products, innovation, sustainability efforts, and corporate social responsibility, including being recognized as one of the world’s most sustainable companies by the Dow Jones Sustainability Index.
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