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International Flavors & Fragrances Inc. (IFF) is a leading innovator in creating sensorial experiences that drive the world of flavors and fragrances. Headquartered in New York, the company partners with customers globally to develop unique products for the food, beverage, health, personal care, and household goods industries. With a strong commitment to discovery and innovation, IFF continuously explores new possibilities in both fine fragrances and beauty, as well as in beloved foods and beverages.
IFF's core businesses include the Nourish segment, which accounts for nearly half of its revenue. This segment specializes in producing flavors, texturants, and plant-based proteins, providing essential ingredients that enhance the appeal and functionality of food products. Additionally, the Health & Biosciences division, generating roughly one-fourth of the company's revenue, is renowned for its expertise in probiotics and enzymes, making significant contributions to health and wellness solutions.
The company leverages its global team of 7,300 professionals along with leading consumer insights, research and development, and creative expertise to deliver differentiated products. Their proprietary formulations and custom solutions are a testament to their innovative approach and customer-centric focus.
IFF has recently made remarkable advancements in excipient technology, presenting its comprehensive range at global events such as CPhI Japan 2024 and Vitafoods Europe 2024. These showcases highlight the company's commitment to driving pharmaceutical innovation, with notable products like METHOCEL™, ETHOCEL™, and POLYOX™ under its new controlled release platform, 'Timing is Everything'. This new platform emphasizes the importance of controlled release in pharmaceutical therapies, aiming to improve patient compliance and treatment efficacy.
IFF continues to expand its innovative offerings and partnerships, demonstrating a significant impact across various industries. The company's dedication to sustainability and precision in science and creativity positions it as a key player in transforming everyday experiences and contributing to a better world.
For more detailed information about their latest projects and developments, visit their official website at iff.com.
IFF has launched its new Singapore Innovation Center, the largest in the region, as part of a nearly
IFF (NYSE: IFF) has launched IFF NEO™, a groundbreaking portfolio of natural flavors delivering maximum citrus taste without using citrus oil. This innovation enhances flavor stability and ensures consistent supply for beverage manufacturers, alleviating challenges linked to global citrus sourcing issues. With IFF NEO™, customers can enjoy natural flavors that are highly concentrated, environmentally friendly, and have a longer shelf life. The product caters to regional taste preferences, supporting localized flavor development, and reducing price volatility traditionally associated with citrus-derived products.
IFF (NYSE: IFF) announced that CEO Frank Clyburn will participate in a fireside chat at the Barclays Global Consumer Staples Conference on Thursday, Sept. 8, 2022, at 1:30 p.m. ET. Investors can access the live webcast on the Company's website. A recorded version will also be available for those unable to listen live. IFF is a global leader in food, beverage, health, biosciences, and scent, dedicated to creating solutions that benefit people and the planet.
IFF has unveiled its new Nourish Innovation Lab in Union Beach, New Jersey, aimed at co-creating advanced food and beverage solutions with customers. This state-of-the-art facility will enhance collaboration and accelerate product development, focusing on wellness and sustainability. With a robust 160,000 square feet, the lab will integrate research and development with commercial applications, utilizing IFF’s full ingredient portfolio. The lab supports projects in various categories, including snacks and beverages, establishing itself as a key hub for innovation.
International Flavors & Fragrances reported a strong Q2 2022, with sales of $3.31 billion, up 7% year-over-year. Adjusted operating EBITDA reached $700 million, growing 3%. The company announced a 3% increase in its quarterly dividend to $0.81 per share, marking 13 consecutive years of dividend increases. However, a $120 million impairment charge related to operations in Russia was reported due to supply chain challenges. IFF reaffirmed its full-year guidance, expecting sales between $12.6 billion and $13.0 billion.
On August 3, 2022, IFF announced the opening of its new Culinary Design Center in Denmark, aimed at meeting the rising consumer demand for plant-based foods. This state-of-the-art facility is designed to expedite the process from idea to market, featuring a pilot manufacturing site and livestream capabilities for remote sensory evaluations. With projections of double-digit growth in the plant-based sector in Europe, IFF aims to leverage its scientific expertise to deliver innovative food solutions more quickly and effectively to global clientele.
On July 28, 2022, IFF announced a significant investment of $15.8 million in three innovation centers located in Latin America: Sao Paulo (Brazil), Bogota (Colombia), and Santiago (Chile). These state-of-the-art facilities enhance R&D capabilities across IFF's divisions, including Nourish, Health & Biosciences, and Scent. The new centers aim to foster collaboration and accelerate product development, serving diverse sectors such as food, beverage, and health. This investment aligns with IFF's strategy to leverage the growth potential of the Latin American market.
IFF (NYSE: IFF) will release its second quarter 2022 earnings results after the market closes on August 8, 2022. A live webcast will follow on August 9, 2022 at 9:00 a.m. ET for management to discuss the results and outlook. Investors can access the webcast and presentation on the company’s website, with a replay available for those who miss the live event. IFF is a leader in food, beverage, health, biosciences, and scent, creating innovative solutions through science and creativity.
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