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Following recent references in the French and international press citing Naturex as a potential candidate to acquire Diana, the group is denying this information.
Some ingredients currently produced at existing Givaudan sites will be transferred to the joint venture.
World Perfumery Congress presents a closer look at this $24-billion market.
A recent report from RnRMarketResearch.com said the fastest growing market, Asia-Pacific, is estimated to grow at a Compound Annual Growth Rate (CAGR) of 6% from 2013 to 2018.
Scent and care performed particularly well in 2013, benefiting from a positive consumer sentiment worldwide, strong demand for menthol and the fragrance activities acquired from the Belmay Group.
Symrise is considering bidding for Wild Flavors GmbH, according to recent press reports from Europe. It is also reportedly participating in the auction of another ingredients company Diana Group.
The Society of Flavor Chemists (SFC) will hold its symposium on Oct. 8 - 9 at the Liberty Science Center in Jersey City, NJ.
For the fourth quarter, advanced formulations (previously named consumer chemicals) had sales of €87 million, down 16% from a year earlier.
The plan includes full disclosure of all ingredients including those typically protected under trade secrets such as fragrances.
Döhler received the Innovation Award for its breakthrough in the area of gluten-free malt extracts.