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Takasago announced plans to invest approximately $30 million (¥2.4 billion) in the expansion of its operations in the flavors and fragrances business in Southeast Asia, helping to enhance the company’s production capabilities, as well as R&D functions.
Per the company’s plans, its wholly owned subsidiary Takasago International (Singapore) Pte. Ltd. will establish a new base of operations in a new location to help meet demand in the region’s countries such as Indonesia and Vietnam, where the company has expanded at a rate of more than 20%.
The new site will encompass approximately 14,000 square meters and the annual production capacity of the facility is estimated to be about 20,000 tons. Currently, operations are scheduled to commence at the new facility in April 2013.