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Symrise AG — Capital/Financing Update 2013
Apr 23, 2013
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Capital/Financing Update
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Corporate | 23 April 2013 10:05
Symrise AG Obtains Research Loan from European Investment Bank
Symrise AG / Key word(s): Miscellaneous
23.04.2013 / 10:05
Holzminden, April 23, 2013
Symrise AG Obtains Research Loan from European Investment Bank
– Long-term loan approval of EUR 125 million
– Focus of research: functional ingredients for cosmetics
and healthy nutrition
Symrise AG has obtained a long-term loan of EUR 125 million from the European Investment Bank to fund its intensive research and development activities. A specific focus of these activities will be on functional ingredients used in the areas of skin care and healthy nutrition.
‘Research and development is the foundation of our innovative strength and the basis for our accelerated growth. For many years, Symrise has invested heavily in the research of innovative fragrances, flavors and functional ingredients, as well as into the development of environmentally friendly technologies and new process techniques. We are delighted that the European Investment Bank is supporting us in this area as a financing partner with a long-term perspective. This recognizes our activities and gives us an incentive to continue along our high standards of innovation, quality and consumer awareness,’ said Dr. Heinz-Jürgen Bertram, CEO of Symrise AG.
Symrise’s research and development work will also continue to place an emphasis on the accelerated development of functional ingredients, which will be offered by the Life Essentials and Consumer Health business units. The market segments for care products and food with additional benefits have been growing at an above-average rate for a number of years due to the increased consumer awareness for a balanced way of life.
In Fiscal Year 2012, Symrise AG employed more than 1,100 people in research and development alone. The Company’s new research and development facility will commence operations at the Holzminden site in April. The activities of the Scent & Care and Flavor & Nutrition divisions will be combined here, promoting interdisciplinary scientific discussions.
About Symrise
Symrise is a global supplier of fragrances and flavorings as well as cosmetic base materials and substances for the perfume, cosmetic, and food industries.
Its sales of EUR 1.735 billion in 2012 place Symrise among the top four companies in the global flavors and fragrances market. Headquartered in Holzminden, Germany, the Company is represented in over 35 countries in Europe, Asia, the United States, and South America.
Our innovative products are used by perfume, cosmetic, and food manufacturers and are an indispensable part of daily life. We combine our insights on consumer trends with cutting-edge technologies, focusing on innovative trend and lifestyle products that have additional practical value for the consumer. Symrise – always inspiring more.
Contact Media :
Bernhard Kott
Tel. +49 (0)5531 90-1721
End of Corporate News
23.04.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
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| Language: | English |
| Company: | Symrise AG |
| Mühlenfeldstraße 1 | |
| 37603 Holzminden | |
| Germany | |
| Phone: | +49 (0)5531 90 0 |
| E-mail: | [email protected] |
| Internet: | www.symrise.com |
| ISIN: | DE000SYM9999 |
| WKN: | SYM999 |
| Indices: | MDAX |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart |
| End of News | DGAP News-Service |
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| 208042 23.04.2013 |