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Share Name | Share Symbol | Market | Type |
---|---|---|---|
International Flavors and Fragrances Inc | NYSE:IFF | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.415 | -0.48% | 85.345 | 85.90 | 84.78 | 85.30 | 241,833 | 16:50:09 |
International Flavors & Fragrances Inc. (NYSE:IFF), a leading global creator of flavors and fragrances for consumer products, today announced the expansion of its flavors facility in Isando, South Africa.
The expanded facility, located near Johannesburg and adjacent to IFF’s existing manufacturing plant, more than doubles IFF’s creative capabilities in South Africa. The new cutting-edge facility includes flavor creation, application and sensory laboratories, and a pilot plant that will cater to the Company’s expanded customer base in the rapidly growing Sub-Saharan Africa region. IFF’s total footprint in South Africa is approximately 30,000 square meters.
“IFF is proud to continue its more than 90 year history in South Africa,” said Matthias Haeni, Group President, Flavors. “Our expanded site will bring an even greater level of resources to this fast-growing and dynamic market. The increased level of consumer insights, creative excellence, and technical expertise supports our customers’ pursuit of authentic taste experiences that satisfy local palates.”
IFF continuously reviews its footprint to ensure it is investing appropriately to best meet customers’ needs. Over the past six months, the Company announced the opening of flavors facilities in Chicago, US; Jakarta, Indonesia; and Santiago, Chile. IFF has also made several large investments to support key markets over the last few years in Singapore, Turkey, China, India, and UAE.
About IFF
International Flavors & Fragrances Inc. (NYSE: IFF) is a leading global creator of flavors and fragrances used in a wide variety of consumer products. Consumers experience these unique scents and tastes in fine fragrances and beauty care, detergents and household goods, as well as beverages, sweet goods and food products. The Company leverages its competitive advantages of consumer insight, research and development, creative expertise, and customer intimacy to provide customers with innovative and differentiated product offerings. A member of the S&P 500 Index, IFF has more than 6,200 employees working in 32 countries worldwide. For more information, please visit our website at www.iff.com.
Michael DeVeauVP, Global Corporate Communications & Investor Relations212-708-7164Michael.DeVeau@iff.comorMicaela MordkowskiManager, Flavors Communications212-708-7211Micaela.Mordkowski@iff.com
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