Geneva, Switzerland, April 28, 2016 Building on our focus to shape winning solutions for our customers, Firmenich was recently the sole sponsor and co-organizer of a symposium in Norway dedicated to sharing the latest science and research around the health benefits of marine proteins and peptides. Hosted by Legasea Biomarine Cluster, a consortium of Norwegian companies dedicated to biomarine science and technology, the event gathered more than 100 top scientists in Ålesund, Norway, the epicenter of biomarine ingredient production.

“We have entered a new era in the world of food and beverages where innovation and foresight are required more than ever to meet the needs of our customers,” said Chris Millington, President of the Flavor Division. We are committed to putting our innovation to work so that sustainable sources of protein, including bio marine ingredients, can play an important role in helping our customers meet the growing demand for health and wellness products.”

Underpinning the importance of the event, the Crown Prince of Norway kicked-off the symposium with a speech on the need to provide quality nutrients, in particular biomarine ingredients, to meet the needs of a growing world population in a sustainable manner. Ms. Vinita Bali, Chair of the Board of Directors’ Global Alliance for Improved Nutrition (GAIN), discussed in her keynote the critical need to rethink the nutrition challenges and how fish can be at the center of innovative food solutions, given the potential of fisheries to provide improved access to proteins and key micronutrients.

For decades, the Firmenich Seafood facility in Ålesund, Norway, has been processing approximately 10,000 tons of seafood raw materials annually to create seafood extracts and flavors for its food and beverage customers worldwide. Through sophisticated biotechnological processes, Firmenich converts the raw material, which is largely side-streams from the seafood industry, creating a sustainable value chain for these flavors. In recent years, the company has been exploring ways to further extract value from this process, and in doing so, has developed natural food ingredients derived from marine protein, which the company plans to commercialize in the coming year.

Firmenich is recognized for its industry-leading commitment to research, as it invests 10% of its turnover annually to drive breakthrough science. The Group’s global research team runs four centers of excellence in Geneva, Switzerland; Princeton, United States; Shanghai, China; and Gujarat, India. Also, it works in close collaboration with a network of open innovation partners, including leading academic institutions worldwide as well as cutting edge start-ups.

Firmenich is the world’s largest privately-owned company in the fragrance and flavor business. Founded in Geneva, Switzerland, in 1895, it has created many of the world’s best-known perfumes and flavors that billions of consumers enjoy each day. Its passion for smell and taste is at the heart of its success. It is renowned for its world-class research and creativity, as well as its thought leadership in sustainability and exceptional understanding of consumer trends. Each year, it invests 10% of its turnover in R&D, reflecting its continuous desire to understand, share and sublimate the best that nature has to offer. Firmenich had an annual turnover of 3.0 billion Swiss Francs at end June 2015.