The investment will include a new creative centre on the existing site that will primarily support customers in Indonesia, and is expected to be completed by the fourth quarter of 2014.
Additionally, the company will build a new manufacturing facility in a nearby site to expand capacity and better serve global and regional customers in the growing ASEAN region. This facility is expected to be operational in the second half of 2015.
“The ASEAN markets include 600 million consumers and roughly 240 million are located in Indonesia,” said Doug Tough, chairman and CEO of IFF. “Our increased investment in Indonesia strengthens our ongoing strategy to expand our geographic reach and create infrastructure to serve emerging markets, especially those enjoying dynamic growth rates and demographics.
“IFF has had a longstanding presence in Indonesia, and this additional investment in expanded capacity reflects our long-term commitment to the region.”
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