US-based International Flavors & Fragrances, one of the world’s biggest developers of flavours and fragrances for consumer products, has revealed plans to invest over US$50m in its flavours operations in Jakarta.
The investment will include a new state-of-the-art creative centre to primarily support customers in Indonesia. An addition to the current Jakarta site, the centre is expected to be completed by the end of 2014.
IFF will also build a new manufacturing facility at a nearby site to expand its capacity for international and emerging markets, and is expected to be operational in the second-half of 2015.
Doug Tough, chairman and chief executive of IFF, said: “The Asean markets include 600m consumers, and roughly 240m of them are located in Indonesia.
“Our increased investment in Indonesia strengthens our strategy to expand our geographic reach and create infrastructure to serve emerging markets, especially those enjoying dynamic growth rates and demographics.
“IFF has had a long-standing presence in Indonesia, and this additional investment in expanded capacity reflects our long-term commitment to the region.”
Ed Alejandrino, IFF’s regional flavours general manager, added: “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.
“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.”
The company has made several other large investments to support the developing markets over the last few years, with the opening of a liquid flavours and fragrances manufacturing facility in Singapore, and the construction of a new flavours creative centre and expansion of the existing manufacturing site in Gebze, Turkey.
In China, IFF has constructed a new dedicated flavours plant in Guangzhou, while it has also opened new creative and technical facilities in Delhi.