This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IFF Opens New Manufacturing Facility In Singapore To Support Future Growth

International Flavors & Fragrances Inc. (NYSE: IFF), a leading global creator of flavors and fragrances for consumer products, today announced the opening of a new state-of-the-art liquid flavors and fragrances manufacturing plant in Jurong, Singapore. The higher-capacity, 12,000 square meter facility is part of a previously announced US$100 million investment in Greater Asia and replaces the Company’s existing plant in the same area.

“Our continued investment in the Greater Asia region reflects our confidence in the future growth opportunities in this market both for our customers and for IFF,” said Doug Tough, IFF Chairman and Chief Executive Officer. “We are committed to providing our customers with world-class support – the finest flavors and fragrances created under the most demanding quality standards to better serve our Asian customers. We are honored to further build on our over 40 year history in Singapore as an active supporter of its economy,” he continued.

The new plant, with production capacity of up to 20,000 metric tons over time, was designed using industrial best practices in all aspects of its operation, allowing the Company to maximize productivity and efficiency while maintaining high product quality. In keeping with IFF’s commitment to reduce its impact on the environment, the plant was built with automated processes that dramatically minimize usage of water, energy and cleaning chemicals. All waste water is treated on site to the highest industrial standards and the plant generates minimal solid waste. In addition to manufacturing liquid flavors and fragrances for the Greater Asia region generally, the plant will provide support to the Company’s Center of Excellence for Functional Fragrances, which is housed in IFF’s nearby Science Park creative facility.

Mr. Tan Choon Shian, Deputy Managing Director of the Singapore Economic Development Board, said “Singapore is delighted that a market-leader like IFF has chosen to establish its state-of-the-art green manufacturing facility and Centre of Excellence for functional fragrances here. This validates our pro-business environment and robust intellectual property protection for companies such as IFF to undertake proprietary manufacturing activities that will help them win in Asia. Singapore is also committed to developing a vibrant ecosystem of flavors and fragrances suppliers that can support the research and development activities of consumer goods companies to develop products that cater to the needs and preferences of Asian consumers.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs