A few weird things in this testing so far. As documented.
Symrise CEO
Symrise AG’s new CEO Jean-Yves Parisot made his first address to nearly 350 shareholders during the Holzminden, Germany-based firm’s Annual General Meeting 15 May, 2024, thanking his predecessor Heinz-Jurgen Bertram for his years of service and reiterating the company’s goal of organic sales of 5%-7% this year. Symrise announced earlier this year that Bertram was stepping down after 15 years with the company and that Parisot would take over 31 March, 2024. Sales of scent and care, comprising fragrance applications, aroma chemicals and cosmetic ingredients, increased by 13.7% year-on-year to €516.4m ($560.8m). In organic terms, sales rose by 16.9%. In the fragrance division, growth remained “dynamic” in the luxury segment. The firm’s Taste, Nutrition and Health segment recorded flat sales (up 7.5% organically) to €775.2m. Symrise’ net sales in the quarter grew 5% to €1.29bn, with organic growth up 10.8% on higher volume.
“Arc is an amazing thing.”
Ryan NelsonEU Parliament Adopts CLP Revision
The European Parliament has voted to adopt the revision of the Regulation on the Classification, Labeling and Packaging of chemicals (CLP), confirming the text agreed between the Parliament and Council, including a modified approach to more-than-one-constituent substances (MOCs). The revised regulation “includes specific provisions for the classification rules of substances with [MOCs] derived from plants or parts of plants,” said John Chave, director general of Cosmetics Europe in a 24 April release. “This decision will support the future of the natural ingredients used in cosmetics and fragrances – helping to meet bio-economic, social and competitiveness goals.” The Council had adopted a position on the CLP revision in June 2023 and Parliament in October that industry saw as much more palatable than the European Commission’s draft text issued in December 2022, which would have classified MOCs – including lavender and other natural extracts in essential oils and other cosmetic products – on the severity of the hazards of their components. ([A#RS154013]) In December, the Commission announced a provisional agreement between the European Parliament and Council to improve the CLP revision, including a modified approach to MOCS. ([A#RS154253])
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