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Stock impact report

Sensient invests $250M to expand natural food dye production [Yahoo! Finance]

Sensient Technologies Corporation (SXT) 
Last sensient technologies corporation earnings: 2/14 06:55 am Check Earnings Report
US:NYSE Investor Relations: investor.sensient.com/investor-overview
Company Research Source: Yahoo! Finance
Ingredients supplier Sensient Technologies is investing up to $250 million to expand natural color production as it races to capitalize on a surge in reformulation demand from food companies shifting away from artificial dyes. The company plans to add 28,800 square feet of production capacity at its largest natural color plant in St. Louis, which is currently 500,000 square feet. The plant expansion is “one of the many capital investments planned,” in response to the turn away from artificial colors, the company said. Sensient intends to grow manufacturing capacity, supply chain and personnel in the coming years. Dive Insight: Sensient's natural color business has seen soaring growth within the past year, and the company is quickly increasing its capabilities as it targets $1 billion in sales within the segment, per its most recent earnings call. As consumers become more skeptical of highly processed foods with artificial ingredients, companies have moved to reformulate pro Show less Read more
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