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Spain's Iberchem Group is aiming to increase its research and development capacity and international scope following its recently completed pact with Iberia-focused private equity firm Magnum Capital, which acquired a majority stake in the company in early June.
"On the national scale I would like to highlight our plans to increase our R & D capacity not only at our flavors facility in Alhama de Murcia (Spain) but at our fragrances plant in Alcantarilla (Spain)," said Ramón Fernández, Iberchem's founder, CEO and vice-chairman of the board of directors.
"The most immediate international projects include the new factory to be opened this year in Colombia, increased automation into our production lines in China and new facilities in Dubai. Other projects dear to us are our intentions of cornering market shares in Brazil and the United States in order to round off our presence on the international scene," he added.