DSM to hike prices of its Fortitech Premixes by 10 percent

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11 Sep 2017 --- DSM has announced that it will increase prices for Fortitech Premixes by an average of 10 percent across all regions with immediate effect. Existing contracts and commitments will not be affected, the company’s press release adds.

“These price increases are driven by prolonged price increases in a broad range of ingredients used for our Fortitech Premixes solutions,” Nelleke Barning, Global Communications and External Affairs Director Nutrition at DSM, tells NutritionInsight. “The composition of our customized tailored premixes is commercially sensitive information and thus we can't be more explicit.”

The company has added that since every Fortitech Premix is customized, the actual price increase will differ for each of the premixes. Fortitech Premixes are described by DSM as “customized, tailored blends of desired functional ingredients in one single, efficient, homogenous premix.”

DSM states that it continues to be active in health, nutrition and materials and says that it “delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials.”

The company and its associated companies deliver annual net sales of about €10 billion (US$12 billion) with approximately 25,000 employees, DSM notes. It reported a very strong second quarter last month, with sales up 8 percent to €2,161m (US$2,559m) and 6 percent organic growth. The company's adjusted EBITDA is up 15 percent to €376m (US$445.3m). In the nutrition segment, the company has reported a 4 percent organic sales growth and its adjusted EBITDA is up 14 percent.

DSM also announced last month that it expects to deliver full-year 2017 results above the targets set out in its Strategy 2018, with an EBITDA growth for the year moving slightly up from high single-digit to double digit, and with a ROCE increase moving from double-digit basis points to over 100 basis points.

In company activity elsewhere, Weiguo Zhang, Director of Nutrition Science and Advocacy at DSM Nutritional Products, Human Nutrition & Science of Greater China, recently took part in a panel discussion on meeting the needs of the “silver consumer” chaired by The World of Food Ingredients Chief Editor Robin Wyers at Vitafoods Asia 2017.

By Paul Creasy

To contact our editorial team please email us at editorial@cnsmedia.com

DSM Food Specialties

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Our aim is to help customers succeed in their markets through strong innovation, exceptional application expertise and insight into the many, ever-changing needs of consumers worldwide.

For food, beverage and supplement manufacturers we offer the comprehensive resources needed to provide customized solutions. Scientific excellence aside, that means a deep knowledge and understanding of markets, consumers and the defining trends in our industry. Namely:

A sharp focus on health benefits: Consumers across the world want to look and feel better. The empowerment and awareness of consumers from India to Indiana is a defining trend in food and beverage nutrition, which we meet through our family of nutritional ingredients and products.

Taste is a key qualifier: If a product doesn’t taste good it doesn’t stand much chance of success. As the world’s tastes and preferences evolve and expand, we are increasingly helping customers innovate, with exciting, authentic and regional flavors and ingredients provided in a streamlined and efficient way.

The drive for convenience: Despite the trend for health foods, time-pressed consumers are looking to buy more processed and convenience food than ever. DSM is committed to helping customers address the need for fast, high-quality products.

Food safety and quality: Our ingredients are based on solid scientific evidence and application knowledge based on decades of experience in our markets. We’re well aware that food safety and compliance is paramount for growing and ambitious food brands.

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