Frutarom strengthens positioning in East Asia
Opens sales and marketing office in Indonesia.
10/08/05 Frutarom Industries Ltd. has announced that its subsidiary, Frutarom (UK) Ltd., has opened a sales and marketing office in Indonesia's capital city, Jakarta. The office is intended to strengthen Frutarom's standing and activity in East Asia.
The opening of this office is an additional milestone in realizing the rapid growth strategy successfully implemented by Frutarom in recent years. The strategy combines internal growth in core activities at levels surpassing the industry in which the Company operates, with strategic acquisitions of activities and know how in its main fields of activity and in strategic geographic locations.
Frutarom continued to grow during the first quarter of 2005 for the 22nd consecutive quarter. Sales grew 47.3% compared with the same quarter in 2004, reaching US$ 64.7 million. Net profit totaled US$ 7.1 million, growing 66.2% compared the same quarter last year.
Frutarom is a global company operating in the global flavor and ingredient markets. Frutarom has significant production and development centers on three continents and markets its products on five continents to over 3,500 customers in more than 100 countries. Frutarom's products are intended largely for the food, beverage, flavor, fragrance, pharmaceutical, nutraceutical, functional food, food additive, and cosmetic industries.
Frutarom's products are produced at its plants in the United States, England, Switzerland, Germany, Israel, Denmark, China, and Turkey. The Company's global marketing organization includes branches in Israel, the United States, England, Switzerland, Germany, Denmark, France, Hungary, Romania, Russia, Ukraine, Kazakhstan, Belarus, Turkey, Brazil, Mexico, China, Japan, Hong Kong and India. The Company also works through local agents and distributors around the world. Frutarom employs about 1,000 people worldwide.
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