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Symrise AG

EANS-News: Symrise AG
Symrise doubles capacities and strengthens market leadership in the synthetic menthol segment

Holzminden (euro adhoc) -

- Capacity expansion in important growth market
- Intensification of alliance with Lanxess AG
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Company Information
Subtitle: - Capacity expansion in important growth market
- Intensification of alliance with Lanxess AG
Symrise AG is strengthening its global
market leadership in the manufacture of synthetic menthol by 
significantly expanding production capacities. The company plans to 
double its existing capacity by the middle of 2012. With this project
which aims at a strategically important growth market, Symrise is 
intensifying its alliance with Lanxess AG, which supplies Symrise 
with intermediate products in this segment.
Symrise, which manufactures synthetic L-menthol at its plants in 
Holzminden and Bushy Park (USA), has achieved global market 
leadership in this market segment. Menthol is an important ingredient
in flavors for oral hygiene products, chewing gum and candy and one 
of the most important products of Symrise worldwide. The demand for 
menthol has been growing at a double-digit rate for years.
The capacity expansion is part of Symrise´s strategy to secure its 
own raw material base for important core products. The additional 
capacities are scheduled to be available in the middle of 2012.
Dr. Heinz-Jürgen Bertram, Chief Executive Officer of Symrise AG, 
said: "Symrise is already the global market leader in menthol 
production. The doubling of capacities sends a strong signal to our 
customers as we are further strengthening our competitiveness in this
strategically important segment and we will further grow with 
menthols. Our customers will benefit from a secure supply of menthol 
and menthol-based flavors as well as an expanded product portfolio 
with new menthol properties."
"Our capacity extension represents a consequent step, given the 
continued strong growth in demand for menthol," added Dr. Norbert 
Richter, Senior Vice President of the business unit Aroma Molecules. 
"We move in lock-step with Lanxess, our partner of many years, which 
recently announced plans to also significantly expand production 
capacity for menthol intermediate products. This guarantees supply 
security along the entire value added chain." Dr. Hans-Georg Schmitt,
head of the business unit Basic Chemicals at Lanxess AG, said: "With 
this step we are further expanding the cooperative relations between 
Symrise and Lanxess."
About Symrise Symrise is a global supplier of fragrances, flavorings 
and raw materials as well as active ingredients for the perfume, 
cosmetics and food industry. Its sales of EUR 1.36 billion in 2009 
place the Company among the top four in the international flavor and 
fragrance market. Headquartered in Holzminden, Germany, Symrise is 
represented in more than 35 countries in Europe, Asia, the United 
States and South America. Used by manufacturers of perfumes, 
cosmetics and foods, our innovative products are an inseparable part 
of daily life. At Symrise we combine an awareness of consumer trends 
with cutting-edge technologies, focusing on developing innovative 
fashion and lifestyle products that have additional practical value 
for the consumer. Symrise - always inspiring more…
www.symrise.com
end of announcement                               euro adhoc

Further inquiry note:

For press queries, contact: For investor queries, contact:
Bernhard Kott Dr. Andrea Rolvering
Tel. +49 (0)5531 90-1721 Tel. +49 (0)5531 90-1879
bernhard.kott@symrise.com andrea.rolvering@symrise.com

Branche: Chemicals
ISIN: DE000SYM9999
WKN: SYM999
Index: MDAX
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade

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