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Flavor spices giant to invest in Asia

Number of visits: Date:2012-12-12 17:54

By the European sovereign debt crisis continues to spread, the global economic recovery is slow and China's economic growth slowdown, the first half of this year, the global chemical industry whole appears weak trend, the main chemical company performance affected by this tends to be weak. However, some of the world's flavor and fragrance companies in Asia are completely different, very eye-catching. As of the United States International Flavors and Fragrances Inc ( IFF ) in the first half of the year in Asia, sales rose 5%, Tokuno Kaoru company ( Symrise ) sales revenue grew 11%, Swiss Givaudan ( Givaudan ) company sales grew more than 10%.

Analysis of the performance of these companies, it is not difficult to find that they have some common features, for example, the universal value of R & D, has a strong R & D and innovation consciousness, to research and development investment. In 2011, the United States International Flavors and Fragrances Inc R & D investment accounted for 10% of sales, Tokuno Kaoru the company's R & D investment accounted for 7% of sales, Givaudan company's R & D investment accounted for 7.5% of sales, Firmenich ( Firmenich ) the company's R & D investment accounted for 10% of sales. These companies continue to be optimistic about the Asian market, and that it will continue to increase investment in Asia to expand market.

The United States International Flavors and Fragrances Inc announced early last year, the next 3 years will invest in Asia more than $100000000 in China, Guangzhou and Singapore respectively, a new factory, Guangzhou factory production of flavor spices and flavors, Singapore factory production. In early 9 the company said, its located in Singapore Jurong Island liquid essence and perfume production plant built and put into operation, the new factory annual production capacity of 20000 tons. In June this year, the United States International Flavors and Fragrances Inc in India Gurgaon investment builds a spice factory, the factory will be the local food, dessert, beverage and dairy products industry services. In addition, the company in 2011 January in Dubai set up a innovation and Application Lab.

Headquartered in Switzerland Geneva Firmenich is a company with 100 years of history of the international Private Companies, also is the world's largest in the fragrance raw materials research and production company. Firmenich, 2010 in Shanghai in China Xhenzhuang Industrial Park Branch was set up in China, the company has annual sales of over 1000000000 yuan. Firmenich India in the state of Gujarat also set up a perfume raw materials production plant.

Tak Hing company is planning the next 1~2 years, be located in Singapore, China and India in the 3 production plant essence, oral care and cosmetic raw material production capacity expansion of 15%.

Europe and the United States in flavor and fragrance company Rio Asian markets have the Japan Inc does not sit, they are unwilling to lag behind, also began to actively invest in asia. Takasago perfumery industry ( Takasago ) announced in Singapore, plan to build a new factory, as the Asian market production hub, is expected to 2013 April, the company in the flavor and fragrance production capacity doubled. Takasago perfumery industry, the company also plans to continue to increase R & D, Chennai in India to invest $10000000 to build a flavor production plant and supporting research and development institutions.

Japan spices also known as its global strategy will be to Asia as the center, and actively build and develop overseas base. So far, the company has been in the Asian and Pacific region countries set up R & D and manufacturing base. The company revealed plans to be in Indonesian, create a set of production and research and development functions in one flavor spices production plant, in order to meet the fast growing demand for cosmetic products.

TypeInfo: Trades News

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