Fragrance house plans regional expansion
Takasago International has announced its Singapore subsidiary is to invest S$40.4m (US$33.6m) in a new facility in the city-state as part of its regional expansion strategy. The investment is hoped to boost the company’s research and technology headcount for its core flavours and fragrance business by 35%, and triple the manufacturing and R&D space.
“As a company rooted in Asia, Takasago is deeply committed to developing high quality and innovative products in Singapore to meet the rapid rise in demand from India to Southeast Asia and Australia,” commented Ritaro Igaki, president and ceo, Takasago International. “This new investment will be the first of several commitments we will make in the near future.”