DGAP-News: Symrise AG / Key word(s): Miscellaneous
Symrise AG Obtains Research Loan from European Investment Bank
23.04.2013 / 10:05
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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.
www.symrise.com
Contact Media:
Bernhard Kott
Tel. +49 (0)5531 90-1721
bernhard.kott@symrise.com
End of Corporate News
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Language: English
Company: Symrise AG
MühlenfeldstraÃe 1
37603 Holzminden
Germany
Phone: +49 (0)5531 90 0
E-mail: ir@symrise.com
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
DGAP-News: Symrise AG Obtains Research Loan from European Investment Bank
| Source: EQS Group AG