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Symrise Expands in Singapore
Posted: February 25, 2011
Symrise’s (Holzminden, Germany) Asia-Pacific division completed the third phase of an expansion in Singapore, opening a new facility there and launching a new encapsulation technology, Evodry. The expansion is part of a US$40 million investment program and represents a testament to Symrise’s long-term commitment to Singapore and Asia. Its aim is to bolster further growth in this dynamic market and expand Symrise’s footprint in the region.
Declan MacFadden, president of Asia-Pacific at Symrise, commented, “In the past years, our business has strongly grown and Asia-Pacific has become our second largest market. Introducing our Evodry technology to the Asian market is in line with our focused growth strategy for the region. With the new facility, we will double the output of encapsulated flavors manufactured in Singapore. Through this commitment, we will be able to further increase our geographic presence, enhance our competitive edge in Asia and support local community development by creating new jobs.”
“Another key factor for maintaining a strong presence in Singapore is that we see the country being at the forefront of the food manufacturing industry, constantly expanding and growing organically but never compromising on intellectual property standards. As we invest a significant amount in R&D, this is extremely important to ensure that formulations for our various food and flavoring products are well protected,” added MacFadden.