One year ago, DSM and Firmenich completed their merger to form a new company because of their optimism in the Chinese consumer market. Recently, DSM-Fenmayi celebrated the milestone of one year since its launch. “The merger brings not only the expansion of scale, but also the in-depth integration of 100 years of accumulated scientific capabilities and professional experience. The synergistic effect of complementary strengths has now gradually emerged, injecting strong momentum into the company's development.” DSM-Fenmaiyi China President Zhou Tao said.

According to the report, through continuous innovative initiatives and joint efforts, the company's integration process has far exceeded its plan and opened the way for the construction of a common corporate culture, and the synergies associated with the merger have become increasingly significant. Over the past twelve months, the four highly effective and complementary business units of DSM-Finmeyer have made a number of excellent advances in a number of specialized areas.

For example, in the Fragrance & Beauty area, DSM-Finemayi's Fragrance & Beauty division has launched different dimensions of fragrance solutions based on its global consumer insights and cutting-edge expertise. Under the consumer trend of “national trend” and “oriental fragrance”, DSM-Finmeyer has opened the He Xiang Institute in cooperation with Kaohsiung Institute, a fragrance research studio rooted in China's long history and culture, to jointly reinvent and renew the traditional Chinese fragrance culture. Last year, the company also joined hands with YINGTONG Group to continue to focus on perfume industry dynamics and consumer insights, participating in and publishing the “2023 China Perfume Industry Research White Paper”. In addition, as a member of the Board of Directors of the China Golden Laurel Award, DSM Firmenich continuously participates in and promotes the high-quality development of the fragrance and perfume industry in China. In the food and beverage sector, DSM Firmenich completed the 100% holding of Hangzhou Ansai Bio-technology Company Ltd. at the beginning of this year, which, with the help of its extensive distribution network throughout China, further consolidates the position of DSM Firmenich in China's dairy products, beverages, baking and confectionery markets. The position in China's dairy, beverage, bakery and confectionery markets was further strengthened.

In line with China's “Double Carbon” goal, DSM-Finmeyer is actively responding to the green power trading policy in various regions. In 2023 alone, the proportion of green power usage in all of the company's factories in China has reached 44%, and six operating sites have signed five-year green power trading agreements, including DSM (China) Co., Ltd. in Zhangjiang, Pudong, which will gradually realize 100% green power usage from 2024 to 2028, contributing to the low-carbon development of the industrial chain supply chain. In addition, DSM-Finemeyer's Zhangjiagang plant has recently been awarded the first batch of Suzhou's “Class 3A Green Factory” for its digital manufacturing and other advanced technologies, which promotes the sustainable development of the local green industry.

Against the backdrop of China's continued opening up to the outside world at a high level and accelerated development of new quality productive forces, DSM-Finmeyer said it will give full play to its global industry resources and rich experience, and join hands with its local partners to drive the integration and optimization of the value chain in the fields of nutrition, health and beauty through scientific and technological innovations, and continue to promote the harmonious unity of economic, social and environmental benefits, so as to create sustainable value for the high-quality development of China.