“This joint venture is another step forward in our global strategy to get closer to customers in developing markets,” said Givaudan CEO Gilles Andrier. “Xinhua is perfectly positioned to partner with Givaudan in Asia Pacific.”
Some ingredients currently produced at existing Givaudan sites will be transferred to the joint venture. Transfers will be done progressively over the coming years alongside continued investment in the long-term competitiveness and continuous improvement of existing sites.
Source: Givaudan
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