Takasago to Expand Operations in Southeast Asia
100%-owned subsidiary Takasago International (Singapore) Pte., Ltd., hub of the Takasago International Group’s business in the region, will establish a new base of operations in a new location.
7/8/2011 --- The Takasago Group has decided to invest US$30 million in expanding its base of operations in the flavors and fragrances business in Southeast Asia, including enhancing its production capabilities and research and development functions.
Takasago Group has decided to invest in expanding its production and research facilities and strengthen its research organization in Southeast Asia . Specifically, 100%-owned subsidiary Takasago International (Singapore) Pte., Ltd., hub of the Takasago International Group’s business in the region, will establish a new base of operations in a new location.
The region’s flavors and fragrances market has maintained high growth thanks to rapid economic development in emerging countries like Indonesia and Vietnam, and the Takasago International Group has expanded operations in Southeast Asia at a rate of over 20% – higher than even the pace of market growth.
Demand for flavors and fragrances for beverages, processed foods, and toiletries is expected to continue climbing in the region. Therefore, to ensure that we can maintain our high growth and establish a strong position in the Asian market over the medium to long term, we will invest in expansion as a means of strengthening our regional base of operations by boosting production capacity and enhancing research and development functions. The scheduled commencement of operations is April 2013.
"We are committed to further strengthening Takasago International (Singapore) Pte., Ltd. as our hub of operations in the region, and to enhancing its ability to provide comprehensive support to global and Japanese clients as they expand into Asia, thus laying the foundations for a long-term relationship of trust. We thereby aim to expand business in both Southeast Asia and the global market as a whole," the company reported.
