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IFF (New York) will invest more than $50 million in its flavors operations in Jakarta, Indonesia, including a creative center on the existing site that will support customers in Indonesia. This will be completed by the end of 2014.
The company will build a new manufacturing facility in a nearby site to expand capacity in Asia. This will be operational in the second half of 2015.
"The ASEAN markets include 600 million consumers and roughly 240 million are located in Indonesia," said Doug Tough, chairman and CEO of IFF. "Our increased investment in Indonesia strengthens our ongoing strategy to expand our geographic reach and create infrastructure to serve emerging markets, especially those enjoying dynamic growth rates and demographics.
“With this investment, we are putting in place the creative talent and manufacturing capacity to support our customers in the region more fully as they seek to develop and further differentiate their products and brands," said Ed Alejandrino, vice president and regional general manager flavors, Greater Asia. "Over the past few years, we have made several large investments in new manufacturing capacity in the Greater Asia region, reflecting our long-term commitment to support customers’ growth and success in the region.”