NEW YORK--(BUSINESS WIRE)--Jan. 23, 2018--
Regulatory News:
International Flavors & Fragrances Inc. (NYSE: IFF) (Euronext Paris:
IFF), a leading innovator of sensory experiences that move the world,
has broken ground on a new flavors and fragrances plant located in Sri
City, in the State of Andhra Pradesh in India. Part of a larger
investment into the Greater Asia region, the plant is expected to be
commercialized in December 2019. The new facility, which will be the
largest flavor and fragrance manufacturing facility in India and the
largest IFF site in Greater Asia, occupies a 32-acre/130,000m2
plot and will serve IFF flavors and fragrances customers across India
and the region.
“In this economically vibrant country, it is critical that we invest to
provide our customers with winning tastes and scents,” said IFF Chairman
and CEO Andreas Fibig. “This new facility is fitted with capabilities
tailored for our customers’ needs. Coupled with our excellent consumer
insights teams and their deep understanding of the local markets, we are
well-positioned to live up to our promise to be our customers’ partner
of choice.”
‘’India is a priority market for IFF. We are excited about our
investment at Sri City and the world-class manufacturing facility
designed to meet our customers’ current and future needs.’’ said IFF
India Managing Director, MG Prakash.
The new facility, strategically located in Sri City, will have excellent
logistics options, access to skilled labor, and solid infrastructure and
utilities. In line with the Company’s dedication to drive sustainability
across the entire organization, the site is designed for efficient water
use and reuse, rainwater harvesting capabilities, energy efficient
building materials and equipment, maximization of natural daylight, and
low-consumption LED lighting.
“IFF has been a leader in India for more than 85 years, serving a wide
customer base from global consumer companies to small and medium
enterprises,” said Mr. Prakash. “IFF India has a rich talent pool that
provides cutting-edge solutions to our customers for their flavor and
fragrance needs. We are proud to be a part of the growth of the Indian
economy and to the communities where we operate. Further, we are excited
to continue our legacy with this investment and look forward to many
more years of growing with our customers.’’
Meet IFF
International Flavors & Fragrances Inc. (NYSE:IFF) (Euronext Paris: IFF)
is a leading innovator of sensorial experiences that move the world. At
the heart of our company, we are fueled by a sense of discovery,
constantly asking “what if?”. That passion for exploration drives us to
co-create unique products that consumers taste, smell, or feel in fine
fragrances and beauty, detergents and household goods, as well as
beloved foods and beverages. Our 7,400 team members globally take
advantage of leading consumer insights, research and development,
creative expertise, and customer intimacy to develop differentiated
offerings for consumer products. Learn more at www.iff.com,
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View source version on businesswire.com: http://www.businesswire.com/news/home/20180123006193/en/
Source: International Flavors & Fragrances Inc.
International Flavors & Fragrances Inc.
Michael DeVeau,
212-708-7164
VP, Corporate Strategy, Investor Relations &
Communications
Michael.DeVeau@iff.com