THE NATURE OF OUR BUSINESS – STABLE GROWTH - Symrise

The organizational structure is customer-oriented, conducive to
fast action, and practical. Due to the simplified processes and
structures, our employees can concentrate on the essentials –
conducting business with their customers – and can make decisions
flexibly in keeping with their customers’ wishes. At the same
time, the organizational structure enables synergies. An example
is the joint purchase of raw materials or the formation of crossdivisional
work groups devoted to certain topics.
Overview of the Divisions and Products
The structure and focus of the activities of Scent & Care and
Flavor & Nutrition will now be discussed in detail.
Scent & Care
Scent & Care markets more than 15,000 products in some 135
countries and has its own branches in more than 33 countries.
Scent & Care has production sites in Europe and Asia as well as
North and South America.
Scent & Care is active worldwide in the development, manufacture
and marketing of fragrance compositions, cosmetic ingredients,
aroma chemicals and mint products. In keeping with this, the
division is divided into four business sectors: Fragrances, Life
Essentials, Aroma Molecules, Mint.
Scent & Care | Fragrances
In the Fragrances business sector Symrise develops perfume oils
for use in perfumes (the Fine Fragrances application area) as well
as in body care products (the Personal Care application area) and
household products (the Household application area). Perfume oils
are delivered to Symrise’s customers in liquid or capsule form.
Fine Fragrances
Perfumers combine aromatic raw materials such as aroma chemicals
and ethereal oils into complex fragrance compositions (perfume
oils). The compositions are usually made for perfume
manufacturers on request and based on briefing specifications.
Well-known perfumes created by Symrise include Fahrenheit
(Dior), Cerrutti 1881 (Cerrutti), Be Delicious (Donna Karan) and Insolence
(Guerlain). In 2008, our perfumers created fragrances for
the following perfume manufacturers, among others: Procter &
Gamble, Coty, LVMH, L’Oreal and Estée Lauder.
At the Perfumer’s Choice Awards, the American Society of
Perfumers gave two Symrise perfumers awards for their perfume
creations.
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Personal Care
At the Perfumer’s Choice Awards in 2008, three Symrise perfumers
were honored for their creations in the Personal Care application
area. In the Personal Care application area, Symrise
makes perfume oils for the body care segment including hair care
products, washing lotions, skin creams, shower gels and the like.
In addition, Symrise possesses great expertise in developing special
technologies for masking unpleasant body odors; these
solutions are applied in deodorants, for example.
Household
In this application area, Symrise develops perfume oils geared to
the special requirements of household products, including washing
and cleaning products as well as air fresheners. Without fragrances,
cleaning products often smell unpleasant. We mask these
odors with the help of perfume oils. Moreover, fragrance compositions
tailored to the respective products enhance consumers’
impressions of the products’ performance.
In 2008, we acquired the fragrances business of Intercontinental
Fragrances and Manheimer Fragrances to become a leading manufacturer
in the US air care market.
Scent & Care | Life Essentials
The Cosmetic Ingredients and UV Filters application areas are
assigned to the Life Essentials business unit (formerly Cosmetic Ingredients).
The products manufactured in Life Essentials are used
in skin care products, hair care products, suntan lotions, aftershave
balsams, shower gels, washing lotions, anti-dandruff shampoos
and deodorants. Skin-lightening products are an important
part of this application area and are in particularly high demand in
the Asian market. The development and manufacture of alternative
preservatives is a further focus. Because of the expansion of the
business unit’s research and development activities into the area
of “beauty from within,” in 2008 the Cosmetic Ingredients business
unit was renamed Life Essentials
Cosmetic Ingredients
The Cosmetic Ingredients application area concentrates on the
development of active ingredients, functionals and botanicals.
Active ingredients are highly effective substances for cosmetic
care; the focus is on the development and production of
agents that slow skin aging (anti-aging products), soothe inflamed
or irritated skin (anti-irritants), or have an anti-bacterial effect.
“AND” products are also developed in this area – an example is a
moisturizing agent whose application allows a lower dosage of conventional
preservatives. Symrise has owned a stake in Therapeutic
Peptides Inc. since July 2008, as a result of which it now has
Group Management
Report