International Flavors&Fragranc Stock Price, News & Analysis

IFF (NYSE:IFF) and Kemira have announced the formation of Alpha Bio, a joint venture focused on commercial-scale production of renewable biobased materials. The venture involves a €130 million investment, with production scheduled to begin in late 2027 at IFF's biorefinery in Kotka, Finland.

The facility will convert up to 44,000 MT of plant sugars into bioproducts, including high-performance biopolymers for home and personal care and industrial applications. The production will utilize IFF's proprietary Designed Enzymatic Biomaterial™ (DEB) platform technology, which creates biobased materials using plant-based sugars and enzymes under mild process conditions.

The joint venture will operate independently and is expected to create approximately 30 direct new jobs in the Kotka area, with additional employment during construction. The facility will manufacture specific DEB technology-enabled products exclusively for IFF and Kemira's use.

IFF (NYSE:IFF) Pharma Solutions will showcase its innovative excipient technologies at CPHI Japan 2025, taking place April 9-11 at Tokyo Big Sight. The company will highlight three key product lines:

1. Oral Disintegrating Tablet (ODT) Solutions, featuring Ac-Di-Sol® super disintegrant for rapid dissolution

2. Controlled Release Portfolio, including METHOCEL™ HPMC, ETHOCEL™ Ethylcellulose for water-resistant coatings, and POLYOX™ Polyethylene Oxide for high-swell matrices

3. Low-Nitrite Solutions, including Avicel® PH LN and Low Nitrite METHOCEL™, designed to reduce nitrosamine formation risks in oral solid dosages and meet Japan's regulatory standards

IFF (NYSE:IFF) has announced the expansion of its Enviva® PRO three-strain Bacillus probiotic product line to include swine applications. The product, previously successful in broiler production, aims to address health challenges in weaned piglets.

Studies conducted by IFF demonstrated significant benefits, including a 2.5% improvement in average daily weight gain and a 6.3% reduction in diarrhea frequency compared to control groups. The probiotic helps establish optimal gut health and improves nutrient digestion during the critical post-weaning period when piglets face nutritional stress and digestive health challenges.

The product is currently available to swine producers in Japan and the US, with plans for expansion to other markets pending regulatory approvals.

IFF (NYSE: IFF) has announced its Board of Directors' declaration of a regular quarterly cash dividend of $0.40 per share for the first quarter of 2025. The dividend will be payable on April 11, 2025 to shareholders of record as of March 21, 2025.

IFF, the global leader in flavors, fragrances, food ingredients, health and biosciences, continues its commitment to delivering sustainable innovations for everyday products focused on wellness, sensory experiences, and human experience enhancement.

IFF (NYSE: IFF) has announced a $70 million expansion of its Cedar Rapids, Iowa facility, adding 47,000 square feet to produce high-quality fruit-based ingredients for the healthy snacks market. This expansion aims to create up to 40 new jobs and will be operational by the latter half of 2026. The facility will feature advanced technologies, high automation, and sustainable practices, including efficient heat recovery systems and minimized energy and water consumption.

The Cedar Rapids plant will be the first U.S. facility to produce TAURA by IFF ingredients, known for their clean-label fruit and vegetable pieces and pastes. These ingredients, already produced in Belgium and New Zealand, will enhance products like snacks, chocolates, cereals, and bakery items. The expansion will also improve supply chain efficiencies due to its proximity to U.S. customers.

Andy Muller, President of Food Ingredients, emphasized the competitive edge this expansion will provide in the healthy snacks sector, leveraging over three decades of proprietary technology. The existing Cedar Rapids plant, which currently produces enzymes for various industries, has seen substantial enhancements in recent years and employs over 200 workers.

IFF (NYSE: IFF) announced key changes to its executive leadership team. Simon Herriott, president of Health and Biosciences, will step down after 21 years of service. Leticia Gonçalves, former ADM's president of precision fermentation, will succeed him effective March 1.

The company also welcomed Andy Muller as president of Food Ingredients, who joined in December 2024 from Corbion. Yuvraj Arora has taken on the role of President, Taste and Chief Commercial Officer, while Ana Paula Mendonça (President, Scent) and Angela Strzelecki (President, Pharma Solutions) maintain their current positions.

These changes align with IFF's external reporting structure, reflecting the company's focus on strengthening its leadership across key divisions including Health & Biosciences, Food Ingredients, Taste, Scent, and Pharma Solutions.

IFF (NYSE: IFF) reported its Q4 and full year 2024 financial results, with full-year sales reaching $11.48 billion, flat compared to the previous year. On a comparable basis, currency neutral sales increased 6%, driven by double-digit performance in Scent and high-single digit growth in Health & Biosciences.

Full-year income before taxes was $278 million, with adjusted operating EBITDA of $2.21 billion. The company achieved earnings per share of $0.95, while adjusted EPS excluding amortization was $4.31. Cash flow from operations totaled $1,070 million.

For 2025, IFF expects sales between $10.6 billion to $10.9 billion and adjusted operating EBITDA of $2-2.15 billion. The guidance includes six months of Pharma Solutions results, assuming its divestiture closes on June 30, 2025. Comparable currency neutral sales growth is projected at 1-4%, with volume growth across all businesses.

IFF (NYSE: IFF) has launched its redesigned corporate website, www.iff.com, featuring significant improvements in scale, performance, and digital experience. The new site showcases IFF's leadership and portfolio value across its markets through improved navigation, fresh content, and enhanced lead-generation tools.

Key features include a comprehensive media center, an expanded sustainability hub, and sections dedicated to careers, history, insights, and science. The responsive design enables customized user journeys and better access to business-specific content. The revamp aims to increase brand recognition, strengthen customer relationships, and attract talent.

The website redesign reflects IFF's brand identity as a global leader in flavors, fragrances, food ingredients, health and biosciences, emphasizing the company's focus on delivering sustainable innovations through science, creativity, and heart.

IFF (NYSE: IFF) has launched ScentChat™, an AI-powered instant messaging application designed to revolutionize fragrance creation through real-time consumer feedback. The app integrates with popular messaging platforms like WhatsApp and Facebook Messenger, enabling direct communication between consumers and fragrance creators.

Using advanced semantic AI and Natural Language Processing (NLP), ScentChat™ analyzes consumer feedback and generates instant insight reports that help perfumers make informed decisions about ingredients. The tool addresses traditional barriers in consumer research by offering a cost-effective, accessible, and scalable solution for gathering authentic sensory feedback.

The application represents a significant advancement in applying generative AI to perfumery, combining human experience with technology to streamline the fragrance creation process. It creates a collaborative environment between consumers and creators while making innovation more efficient and impactful.