SINGAPORE--(BUSINESS WIRE)--Sep. 17, 2012--
International Flavors & Fragrances Inc. (NYSE: IFF), a leading global
creator of flavors and fragrances for consumer products, today announced
the opening of a new state-of-the-art liquid flavors and fragrances
manufacturing plant in Jurong, Singapore. The higher-capacity, 12,000
square meter facility is part of a previously announced US$100 million
investment in Greater Asia and replaces the Company’s existing plant in
the same area.
“Our continued investment in the Greater Asia region reflects our
confidence in the future growth opportunities in this market both for
our customers and for IFF,” said Doug Tough, IFF Chairman and Chief
Executive Officer. “We are committed to providing our customers with
world-class support – the finest flavors and fragrances created under
the most demanding quality standards to better serve our Asian
customers. We are honored to further build on our over 40 year history
in Singapore as an active supporter of its economy,” he continued.
The new plant, with production capacity of up to 20,000 metric tons over
time, was designed using industrial best practices in all aspects of its
operation, allowing the Company to maximize productivity and efficiency
while maintaining high product quality. In keeping with IFF’s commitment
to reduce its impact on the environment, the plant was built with
automated processes that dramatically minimize usage of water, energy
and cleaning chemicals. All waste water is treated on site to the
highest industrial standards and the plant generates minimal solid
waste. In addition to manufacturing liquid flavors and fragrances for
the Greater Asia region generally, the plant will provide support to the
Company’s Center of Excellence for Functional Fragrances, which is
housed in IFF’s nearby Science Park creative facility.
Mr. Tan Choon Shian, Deputy Managing Director of the Singapore Economic
Development Board, said “Singapore is delighted that a market-leader
like IFF has chosen to establish its state-of-the-art green
manufacturing facility and Centre of Excellence for functional
fragrances here. This validates our pro-business environment and robust
intellectual property protection for companies such as IFF to undertake
proprietary manufacturing activities that will help them win in Asia.
Singapore is also committed to developing a vibrant ecosystem of flavors
and fragrances suppliers that can support the research and development
activities of consumer goods companies to develop products that cater to
the needs and preferences of Asian consumers.”
Doug Tough concluded, “I want to thank our employees for their
professionalism and dedication to providing uninterrupted service for
our customers during this transition between the old and new facilities.
We continue to rely on their expertise to ensure we meet our commitment
to our customers in the region.”
About International Flavors & Fragrances Inc.
International Flavors & Fragrances Inc. (NYSE: IFF) is a leading global
creator of flavors and fragrances used in a wide variety of consumer
products. Consumers experience these unique scents and tastes in fine
fragrances and beauty care, detergents and household goods, as well as
beverages, sweet goods and food products. The Company leverages its
competitive advantages of consumer insight, research and development,
creative expertise, and customer intimacy to provide customers with
innovative and differentiated product offerings. A member of the S&P 500
Index, IFF has more than 5,600 employees working in 32 countries
worldwide. For more information, please visit our website at www.iff.com.
Source: International Flavors & Fragrances Inc.
International Flavors & Fragrances Inc.
Investor
Shelley
Young, 212-708-7271
or
Media
Flavors :
Carol
Brys, 212-708-7121
or
Fragrances :
Denise Gillen,
1-212-515-7308
or
Regional Inquiries:
Flame Communications
Nessi
Nasrudin, 6259-3193
nessi@flamecomms.com
