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IFF Announces Global Price Increases Across All Divisions

BusinessWire_EN 
0 0 17.03.22
IFF Announces Global Price Increases Across All Divisions: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/24521/International_Flavors_and_Fragrances_%28logo%29.png
 

IFF (NYSE: IFF) today announced that it is implementing broad-based pricing actions across all four divisions – Nourish, Health & Biosciences, Scent, and Pharma Solutions. The immediate need for these price increases is driven by the continued and significant escalation of raw material, energy and logistics costs as a result of the current geopolitical climate.

Pricing actions will vary by business and be driven by specific product cost increases. These actions will include more frequent pricing reviews – dynamic pricing – to ensure IFF product reflects current market realities.

Actions on specific accounts will be communicated by the respective account managers.

Welcome to IFF
At IFF (NYSE: IFF), an industry leader in food, beverage, health, biosciences and scent, science and creativity meet to create essential solutions for a better world – from global icons to unexpected innovations and experiences. With the beauty of art and the precision of science, we are an international collective of thinkers who partners with customers to bring scents, tastes, experiences, ingredients and solutions for products the world craves. Together, we will do more good for people and planet. Learn more at iff.com, Twitter, Facebook, Instagram, and LinkedIn.

© 2022 by International Flavors & Fragrances Inc. IFF is a Registered Trademark. All Rights Reserved

View source version on businesswire.com: https://www.businesswire.com/news/home/20220316006008/en/

International Flavors & Fragrances Inc. Stock

€89.58
-0.220%
The price for the International Flavors & Fragrances Inc. stock decreased slightly today. Compared to yesterday there is a change of -€0.200 (-0.220%).
Currently there is a rather positive sentiment for International Flavors & Fragrances Inc. with 16 Buy predictions and 5 Sell predictions.
As a result the target price of 92 € shows a slightly positive potential of 2.7% compared to the current price of 89.58 € for International Flavors & Fragrances Inc..
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