International Flavors & Fragrances Inc. operates as a creator of flavors and fragrances (including cosmetic active ingredients) that are used in the food, beverage, personal care or household products industries worldwide. The company’s flavor and fragrance compounds combine various ingredients to produce proprietary formulas created by its flavorists and perfumers. The company collaborates with its customers to develop the 38,000 products that the company provides its customers in approximately 150 countries. The company serves both its global customers, as well as various regional and specialty consumer goods producers. In addition, through its acquisition of Lucas Meyer Cosmetics (a business of Unipex Group) in 2015, the company has added to its portfolio active and functional ingredients, botanicals and delivery systems to support its customers’ cosmetic and personal care product lines. Product Offerings Flavors The company’s Flavors compounds are used by its customers in the four end-use categories of consumer goods, such as savory, for use in soups, sauces, condiments, prepared meals, meat and poultry, potato chips and other savory snacks; beverages, for use in juice drinks, carbonated beverages, flavored waters and spirits; sweet, for use in bakery products, candy, chewing gum and cereal; and dairy, for use in all dairy products, such as yogurt, ice cream and cheese and other products that have a creamy flavor. The company also offers a range of vanilla extracts and various flavor solutions that build on its understanding of vanilla. Fragrances The company engages in the creation of fragrance compounds that are integral elements in perfumes and consumer products, within fabric care, home care, personal wash, hair care and toiletries. The company’s Fragrance business derives revenues from two sources, Fragrance Compounds and Ingredients. Fragrance Compounds Fragrance Compounds are proprietary combinations of multiple ingredients that are used by the company’s customers in their consumer goods. The company’s creative and commercial teams within Fragrance Compounds are organized into two categories, Fine Fragrances and Consumer Fragrances: Fine Fragrances: Fine Fragrances focuses on perfumes and colognes. The company’s scientists and perfumers collaborate to develop new molecules, new natural extractions, and innovative processes that enliven perfumers' palettes and help them create inspiring fragrances. The company has created some of the major fine fragrance classics, as well as niche fragrances. Consumer Fragrances: The company’s Consumer Fragrances include five end-use categories of products, such as fabric care (laundry detergents, fabric softeners and specialty laundry products); home care (household cleaners, dishwashing detergents and air fresheners); personal wash (including bar soap and shower gel); hair care; and toiletries. Ingredients: While the principal role of the company’s fragrance ingredients facilities is to support its Fragrance Compounds business, the company utilizes its excess manufacturing capacity to manufacture and sell certain fragrance ingredients to third parties. The company’s Fragrances business collaborates with some of the major art and fashion schools worldwide. The company collaborates with scientists, writers, artists, musicians, and film makers to expose its perfumers to new and constantly evolving creative territories and approaches. Strategy The company’s strategy includes strengthening its position and driving differentiation in priority R&D platforms; improving its market share position in North America; providing its customers with in-depth local consumer understanding, industry-leading innovation, outstanding service and the highest quality products; and strengthening and expanding the portfolio. The company’s strategy also includes consumer demand for natural and organic products; transparency in labeling; strengthening its sustainable practices and becoming the leader within its industry; and continuing to invest in its delivery system technologies, including expansion of its market-leading encapsulation technology. Research and Development The company spent $246.1 million on research and development activities in 2015. Governmental Regulation The company’s products and operations are subject to regulation by governmental agencies in each of the markets in which the company operates. These agencies include the Food and Drug Administration and equivalent international agencies that regulate flavors and other ingredients in consumer products; the Environmental Protection Agency and equivalent international agencies that regulate the company’s manufacturing facilities; the Occupational Safety and Health Administration and equivalent international agencies that regulate the working conditions in its manufacturing, research laboratories and creative centers; local and international agencies that regulate trade and customs; the Drug Enforcement Administration and other local or international agencies that regulate controlled chemicals that the company uses in its operations; and the Chemical Registration/Notification authorities that regulate chemicals that the company uses in, or transports to, the various countries in which the company manufactures and/or markets its products. Competition The company’s major competitors consist of Givaudan, Firmenich, and Symrise. History International Flavors & Fragrances Inc. was founded in 1909.
intl flavors & fragrances (IFF:New York)
521 West 57th Street
New York, NY 10019
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