12 April 2013

Givaudan to invest CHF 50 million in new savoury facility in Nantong, China

Nantong - 11 April 2013 – Givaudan, the world’s leading fragrance and flavour company, today laid the foundation for its new manufacturing facility dedicated to savoury flavours, in Nantong, China. Representing a total investment of RMB 335 million (CHF 50 million) – it is Givaudan’s largest investment in China since 2006. The new site is expected to be fully operational in 2015 and will employ over 100 staff. 

Located in the heart of the most economically developed area of China, the new facility will substantially increase Givaudan’s current savoury production capacity and enable it to serve customers in China more efficiently. Culinary flavour blends, snack seasonings, spray dries and process flavours will be produced at the new facility to meet rising demand from Chinese customers for innovative and creative flavour and taste solutions. 

Speaking at the ceremony, Gilles Andrier, CEO of Givaudan said: “The Nantong savoury plant supports Givaudan’s global strategic initiatives to grow our business in emerging markets such as China. These markets offer immense market potential due to ongoing urbanisation and rise of disposable income. The new Nantong facility demonstrates Givaudan's 25 year-long history and commitment to continue to meet the growing needs from our Chinese customers and their consumers for innovative products and great taste experiences."

Givaudan entered the Chinese market in 1988 and has a workforce of more than 500 employees. With headquarters in Shanghai and three production sites located in Pudong New Area and Songjiang of Shanghai, Givaudan China supplies its global, regional and local customers with fragrance compounds, perfume products, flavour and seasoning products. 

With an increasing level of consolidation and sophistication, the China flavours market has a total market potential of RMB 6.7 billion (CHF 1 billion) and Compound Annual Growth Rate is expected to reach 6.6% by 2015. China remains one of the most significant emerging markets for Givaudan. 

Givaudan is the market leader in the global fragrance and flavour industry. Its head office is in Switzerland. In 2012, the company achieved sales of CHF 4,257 million with a work force of more than 9,000 employees and subsidiaries in over 40 countries. 

Source: Givaudan