Givaudan today laid the foundation for a new flavours manufacturing facility, in Ranjangaon, Pune, India. Mr. Bhushan Gagrani, IAS, Chief Executive Officer, Maharashtra Industrial Development corporation (MIDC), Maharashtra State joined Givaudan CEO Gilles Andrier, and Monila Kothari, Commercial Head APAC, Givaudan Flavours at the ceremony.
Givaudan is demonstrating the importance of India, as one of its key high growth markets, to its growth strategy by investing CHF 55 million in this new world-class flavours manufacturing facility. This is Givaudan’s largest investment in India since 1998.
The new site, which is expected to open in 2018, will complement Givaudan’s existing flavour manufacturing facility in Daman.
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.
Commenting on the opening of the new site Monila Kothari, Commercial Head APAC, Givaudan Flavours, said:
“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.”
Givaudan is the global leader in the creation of fragrances and flavours. In close collaboration with food, beverage, consumer product and fragrance partners, Givaudan develops tastes and scents that delight consumers the world over. With a passion to understand consumers’ preferences and a relentless drive to innovate, Givaudan is at the forefront of creating fragrances and flavours that ‘engage your senses’. The company achieved sales of CHF 4.4 billion in 2014. Headquartered in Switzerland with local presence in over 80 locations, the company has more than 9,500 employees worldwide. Givaudan invites you to discover more at www.givaudan.com.
About Givaudan Flavours
Givaudan’s comprehensive knowledge of local flavours, extensive global footprint and strategic insights enable close partnerships with customers wherever they may be. With a customised approach to product creation, the Flavour Division is a powerhouse of knowledge, innovation and creativity equipped to surprise customers and consumers with fresh, unique ideas and solutions. Givaudan creates lasting flavour and taste experiences that touch emotions across key segments including beverages, sweet goods, savoury and snacks; regardless of product category Givaudan’s passion is to make food and beverage products taste delicious. We invite you to ‘engage your senses’ and learn more about Flavours at www.givaudan.com/flavours.
For further information please contact:
Peter Wullschleger, Media and Investor Relations
T +41 22 780 9093
Maran G Krishnan, Head of APAC Flavour Communications
T +65 6751 9327