Sector News

Givaudan opens $30m extension to support growth ambitions in China

November 27, 2019
Consumer Packaged Goods

Givaudan has inaugurated a CHF 30 million ($30.1 million) extension to its Nantong manufacturing facility, in a move to double its flavour production capacity in China and meet consumer demand for healthier products.

As a result of the CHF 30 million expansion, the total investment into the Nantong facility is now CHF 80 million ($80.2 million) .

The opening ceremony took place today and was attended by Givaudan’s top management, as well as NETDA and Swiss consulate dignitaries.

The foundation for the Nantong facility was first laid in April 2013, and commercial production began in the same month two years later.

With the expansion, the flavour and fragrance company aims to support the capacity on liquid flavour production for beverages, dairy and sweet goods, while strengthening its existing capabilities in savoury and culinary flavour blends, snack seasonings and spray dries.

Givaudan’s CEO Gilles Andrier said: “We are delighted to open the new extended space at our Nantong facility. The total investment we have made on the Nantong site supports our strategic goal of increasing Givaudan’s footprint in high growth markets and capturing growth opportunities.

“More importantly, the larger Nantong site will now enable Givaudan to collaborate even more closely with our customers to deliver innovative and creative taste solutions to the ever-evolving Chinese market.”

The 16,000 square metre addition to the original site will enable Givaudan to meet the growing demand from customers in the food and beverage segments in China. In fact, around 95% of the total production capacity will support customers in China.

“China’s economy has blossomed quickly over the years and is now the world’s second biggest economy,” said Givaudan’s APAC commercial head of flavours Monila Kothari.

Kothari added: “As a result, we have seen a tremendous growth in the food and beverage industry coming from local players. Given this rapid transformation, we now have a manufacturing facility that can support our business development strategy in China. This expansion will enable us to be agile as we address the needs of our customers in China.”

By Emma Upshall

Source: FoodBev

comments closed

Related News

April 14, 2024

McCain Foods completes acquisition of Strong Roots

Consumer Packaged Goods

McCain Foods has completed the acquisition of Irish plant-based frozen food manufacturer Strong Roots. The acquisition follows McCain and Strong Roots’ strategic partnership, which began in 2021 and resulted from a $55 million investment.

April 14, 2024

Cargill’s alternative cocoa collaboration gets off the ground as cocoa prices continue to climb

Consumer Packaged Goods

Cargill partners with Voyage Foods to scale up alternatives to cocoa-based products to meet consumers’ indulgence needs. The commercial partnership will also provide food manufacturers with nut spreads produced with no nut or dairy allergens used in the recipe formulation.

April 14, 2024

L’Occitane stock still halted as owner reportedly tries again to privatize beauty company

Consumer Packaged Goods

L’Occitane International owner Reinold Geiger is reportedly close to taking the company private in a deal with Blackstone. The French skin care company’s filing halted trading of its Hong Kong-listed shares this week. This is the second time in months that the Australian billionaire has attempted a buyout.

How can we help you?

We're easy to reach