Jan 14, 2011
IFF to invest over $100 million in China & Singapore
Jan 14, 2011
International Flavors & Fragrances Inc., a leading global creator of flavors and fragrances for consumer products, has just announced that it plans to invest over $100 million in Greater Asia over the next three years. The investment will be allocated to two new state-of-the-art manufacturing facilities located in Guangzhou, China and Singapore.
International Flavors & Fragrances headquarters in New York City (photo by Americasroof)
"I am pleased to announce that over the next three years we expect to invest a significant portion of our capital expenditure in Greater Asia," said IFF Chairman and Chief Executive Officer Doug Tough. "As growth in this region continues to accelerate, it is important that we align our infrastructure to support our capacity requirements.”
Both sites will be located near the existing IFF sites, where the Guangzhou site will be dedicated to flavors production while the facility in Singapore will be used for both flavor and fragrance production. IFF currently has sales, manufacturing and creative facilities in 32 countries worldwide.
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