Symrise: Price Increases in Scent & Care Division
July 08, 2008 | by Symrise
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July 08, 2008, Given the unprecedented increases in the costs of energy, transportation and raw materials, Symrise´s Scent & Care division has announced today price increases for its products with immediate effect. In selective areas, prices will increase by up to 10 % and more.
Gerold Linzbach, Symrise CEO, described the steps as “not very popular but unavoidable”.
“The Scent & Care division has been particularly hit by the increases in petrochemical raw materials, energy and transportation”, he said. “We have been able to compensate some of it through efficiency improvements, and the dollar rate helped to a certain extent. But as the trajectory shows no sign of changing, we now have to pass some of the increases on to the market.”
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Source: Symrise, Press release