NEW YORK (Yosefardi) – International Flavors & Fragrances Inc. (IFF), a leading global creator of flavors and fragrances for consumer products, plans to invest over $50 million in its flavors operations in Jakarta, Indonesia.
The investment will include a new state-of-the-art 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.