The leading flavor and fragrance manufacturer, Takasago International, is looking at investing $30 million (USD) in a state-of-the-art facility in Singapore, to be routed through its local subsidiary. The Japanese company hopes to boost its research and technology by 35 per cent for its flavors and fragrance business, and close to triple its manufacturing and R&D facility, through the move.
“As a company rooted in Asia, Takasago is deeply committed to developing high quality and innovative products in Singapore to meet the rapid rise in demand from India to Southeast Asia, and Australia. This new investment will be the first of several commitments we will make in the near future,” commented, Ritaro Igaki, President and CEO, Takasago International.
Source: www.cosmeticsbusiness.com
