International Flavors & Fragrances Inc. (NYSE: IFF) today announced the opening of a new facility in Delhi, India, to house creative, technical, sensory, and sales professionals for the company’s flavors business unit. The facility is located in Gurgaon, the industrial and financial center of the National Capital Region, and will service companies that provide prepared foods, sweets, beverages, and dairy products to the Indian market.
“Our increased presence in India furthers our ongoing strategy to expand our geographic reach and create infrastructure to serve emerging markets, especially those enjoying the most dynamic growth rates and demographics,” said Doug Tough, Chairman and CEO. “IFF has an 80-year history in India, and we are pleased to expand our activities in this attractive region. This new facility, together with our other investments in India and China, underscores our faith in the region, the strength of our Asian teams, and our unwavering commitment to serve our customers’ present and future needs.”
Hernan Vaisman, Group President, Flavors, added, “This is a very exciting time for our industry in India. Like a lot of working families and busy individuals around the world, India’s consumers are not only looking for great, authentic taste and convenience, they are also looking for healthier options in the foods they eat. We have extensive in-house talent creating the best tastes for the Indian market as well as excellent R&D capabilities and technologies that have already helped customers in other regions reduce sodium, sugar, and fat in their products. We are firmly committed to supporting our customers in this dynamic region.”
This investment follows announcements of the opening of a new creative center in Shanghai, a major upgrade to the creative center in Mumbai, and the groundbreaking of two new manufacturing plants in Asia—a flavors production facility in Guangzhou and a liquid flavors and fragrances compounding site in Singapore. The company also recently opened a new facility in Dubai and expanded CapLock capacity in its Haverhill, UK plant.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV