IFF to invest over £100m in Asia over next three years
Two state of the art factories to be built in China and Singapore
International Flavors & Fragrances (IFF) has announced plans to invest over $100m in two new state of the art factories in Singapore and Guangzhou, China over the next three years.
The facility in Singapore will be used for both fragrance and flavour production, while the Guangzhou site will be dedicated solely to flavour. As both new factories will be located near existing IFF sites, the company expects the transition will be smooth. It also expects the sites to considerably expand capacity in the Greater Asia region into the future.
“As growth in this region continues to accelerate, it’s important that we align our infrastructure to support our capacity requirements,” said IFF’s chairman and ceo Doug Tough during yesterday’s announcement. “Today’s investment reflects our continued confidence in our growth strategies in the region and our long term commitment to these very important emerging markets.”
