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Takasago International (Singapore) Pte. Ltd., the regional subsidiary of Takasago International Corp., is expecting to invest about $10 million in its previously announced manufacturing and research facility in the Chennai suburb of Poonamallee, Tamil Nadu, India.
The move to launch its manufacturing operations in India, Takasago said, will reduce costs and speed up the delivery of flavors and fragrances. The 15,000-square-foot Poonamallee facility houses laboratories to create and blend flavors and fragrances, store raw materials and reduce the lead time to ship goods to customers. The facility can also undertake and deliver liquid flavor and fragrance compounds, with a total capacity of 1,500 metric tonnes.
On the product development side, Takasago has appointed a dedicated flavorist and application support expert to embark, undertake and deliver flavors for beverage, confectionery and oral care segments. The Poonamallee unit will act as Takasago’s central base, overseeing the development and completion of the upcoming permanent manufacturing facility to be located off the Old Mahabalipuram Road, Chennai.
Construction at Old Mahabalipuram Road is expected to start in the third quarter and is slated to be fully operational in the first quarter of 2015. The company said demand for flavors and fragrances is on the rise in India with analysts expecting it to be one of the fastest-growing markets in Asia. Research group IAL Consultants forecasts the India market for flavors will reach $421 million in 2015, up from $256 million in 2010. The market for fragrances is expected to reach $452 million in 2015, up from $336 million in 2010.