Market Overview

IFF To Invest Over $50M in Manufacturing Facility in Turkey

International Flavors & Fragrances (NYSE: IFF) today announced
that it plans to invest over US$50 million in its existing flavors
facility in Gebze, Turkey over the next three years. The investment will
be allocated to a new, leading-edge, 2,000m2 creative facility and to an
expansion of its existing manufacturing site to 18,000m2 to support
current and future customers in the developing markets of Europe,
Africa, and the Middle East. The Company anticipates opening the site in
phases, with the first phase delivering significant capacity expansion
and expected to be completed by Q2, 2013.

"I am pleased to announce that over the next three years, we expect to

See full press release

Posted-In: Earnings News Guidance Contracts Management Global

 

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