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Symrise announces price hikes

This article was originally published in The Rose Sheet

Executive Summary

Fragrance and specialty ingredient supplier says its prices are being raised "in selective areas" by 10 percent or more, effective immediately. Measure is "not very popular but unavoidable" response to "unprecedented" increases in the costs of energy, transportation and raw materials, Symrise explains in July 8 release. "We have been able to compensate some of it throughout efficiency improvements," CEO Gerold Linzbach says. "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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