Firmenich plans
This article was originally published in The Rose Sheet
Executive Summary
Perfumery division will focus on select global and regional strategic customers, strengthen R&D to create innovative fragrances, integrate business processes with customers and suppliers to reduce costs, and improve internal efficiencies, flavors and fragrance house says in annual report released Nov. 18. For year ended June 30, perfumery division sales were flat in local currencies due to weak economy and pricing pressure, while company sales increased 3.4% in local currency, but were flat as reported at $1.29 bil. (CHF1=$.68), Firmenich says. Company spent $93.4 mil. on capital investments largely for improving production and supply chain capabilities...