IFF Invests $30 Million to Expand Regional Footprint in Singapore - Seite 2

“In this integrated space, we will unlock cross-divisional synergies, fast-tracking innovation and accelerating new growth opportunities,” said Ramon Brentan, IFF Singapore Innovation Center site leader, and vice president, Greater Asia regional general manager, Scent, IFF. “We are very well positioned to offer a comprehensive portfolio for Asian consumers, offering end-to-end solutions that consumers love in food, beverage, health, biosciences and scent. This center is a true powerhouse of innovation and will further strengthen our position as a strategic co-creation partner to our customers in Asia.”

The state-of-the-art Singapore Flexiblend plant—which had its grand opening on Oct. 12—will increase supply robustness and provide customized biotechnology solutions catered to the grain processing and animal nutrition and health customers in the region.

“We are delighted that IFF chose Singapore to establish its largest innovation facility in Asia. Along with their new Flexiblend plant, these investments demonstrate how innovation and solution-driven companies can leverage Singapore’s talent, scientific capabilities, and access to regional markets to develop new, sustainable products for Asian consumers,” said Mr. Tan Kong Hwee, executive vice president, Singapore Economic Development Board (EDB).

“In Singapore’s push towards environmentally sustainable growth opportunities in food, wellbeing, home and consumer care, EDB will partner like-minded companies such as IFF for their growth plans and create interesting jobs for Singaporeans in these areas.”

IFF is present in 14 countries across Greater Asia and has operated in Singapore since 1969. The Singapore Innovation Center is part of IFF’s network of more than 50 research, creative and design centers, which help bring differentiated and integrated solutions to customers around the world.

Cautionary Statement under the Private Securities Litigation Reform Act of 1995

This press release contains “forward-looking statement” within the meaning of the federal securities laws, including Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “will,” expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “would,” “target,” similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as the impact of the new center to our business. The forward-looking statements included in this release are made only as of the date hereof, and we undertake no obligation to update the forward-looking statement to reflect subsequent events or circumstances.