International Flavors & Fragrances Inc., a global creator of flavors and fragrances for consumer products, has announced that it plans to invest more than $50 million in its flavors operations in Jakarta, Indonesia. The investment will include a new creative center on the existing site that will primarily support customers in Indonesia and is expected to be completed by the fourth quarter of 2014. Additionally, the company will build a new manufacturing facility in a nearby site to expand capacity and better serve global and regional customers in the growing ASEAN region. This facility is expected to be operational in the second half of 2015. This investment is consistent with IFF’s strategy to capture the growth potential of the emerging markets.
“The ASEAN markets include 600 million consumers and roughly 240 million are located in Indonesia. 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. IFF has had a long-standing presence in Indonesia, and this additional investment in expanded capacity reflects our long-term commitment to the region,” said Doug Tough, Chairman and CEO of IFF.