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IFF to Expand its Presence in Asia
Posted: January 12, 2011
International Flavors & Fragrances Inc. (New York) announced plans to invest more than $100 million in the next three years in the greater Asia region, using the fund to build two new manufacturing facilities—one in Guangzhou, China and one in Singapore. IFF chairman and CEO Doug Tough said, “As growth in this region continues to accelerate, it is important that we align our infrastructure to support our capacity requirements. 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.” The Guangzhou site will focus on flavor production while the Singapore facility will be used for both flavor and fragrance production.