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IFF to invest $50m in Turkish plant expansion

16-Oct-2012

IFF to invest $50m in Turkish plant expansion

International Flavors and Fragrances (IFF) has said it will invest $50m in its existing Turkish facility over the next three years, in order to support the company’s development in emerging markets in Europe, the Middle East and Africa (EMEA).

IFF said that the expansion at its Gebze, Turkey plant would be implemented in phases, with the first capacity expansion due to be completed by Q2 2013. The investment is expected to expand its existing manufacturing site to 18,000m2 and will also add a new 2,000m2 creative facility, intended to be a major centre for tailor-making flavours and technologies for manufacturers of sweet goods, beverages, dairy products and savoury prepared foods.

Hernan Vaisman, group president of the company’s Flavours division said: "The developing economies of Central, Southern, and Eastern Europe, the Middle East, and Africa are creating increased demand from our customers, so we want to ensure we have the right people and the right infrastructure to support them. Turkey offers an unparalleled strategic hub into the fast-growing emerging markets in the region that will allow us to significantly increase and differentiate our value proposition to our customers.”

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