Fragrance supplier International Flavors & Fragrances said Wednesday it plans to open manufacturing plants in Singapore and Guangzhou, China, at a projected cost of more than $100 million over the next three years.
This story first appeared in the January 14, 2011 issue of WWD. Subscribe Today.
“As growth in this region continues to accelerate, it is important that we align our infrastructure to support our capacity requirements,” said Doug Tough, IFF’s chairman and chief executive officer. “Today’s investment reflects our continued confidence in our growth strategies in the region and our long-term commitment to these emerging markets.”
The Guangzhou site will be dedicated to flavors production, according to the firm, while the facility in Singapore will be used for both flavor and fragrance production.