Givaudan has invested 55m CHF ($56m) in a new flavours manufacturing facility in Pune, India, as the company continues to demonstrate the importance of India as one of its high-growth markets.
The site, expected to open in 2018, represents Givaudan’s largest investment in India since 1998 and will complement Givaudan’s existing flavour manufacturing facility in Daman – 150 miles northwest of the new plant in Ranjangaon. The foundation for the facility was laid this week.
Givaudan chief executive officer Gilles Andrier said: “This major investment reflects India’s importance to Givaudan, and our overall 2020 strategy of investment in high growth markets. It shows our commitment to continue to collaborate closely with customers in Asia-Pacific and provide differentiated solutions for local market needs.”
Expected to employ around 100 people, the Pune facility will boost Givaudan’s capabilities in liquids compounding, powder blending, emulsions, process flavours and spray drying in India. It also means customers from across the Indian sub-continent will benefit from faster access to Givaudan’s flavour solutions.
Monila Kothari, commercial head APAC for Givaudan Flavours, added: “Givaudan has a 50-year heritage of operating in India and these are exciting times for us. The doubling of our flavour production capacity is testament to our commitment to India, and will help us continue to meet the dynamic needs of the Indian market for innovative products and great taste experiences.”
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