Danisco doubles its flavour production in Asia
The new facility will be replacing the present site in Singapore and together with Danisco´s Chinese flavour plant it will provide a strong foundation for servicing the Asia Pacific region.
The Chinese site alone covers the entire Chinese market, but the two plants will be collaborating on, among other things, raw material sourcing.
The construction of the new production unit constituting an investment of USD 3 million (around DKK 17 million) will be initiated immediately and is expected to be completed in mid-2005. Besides doubling the current capacity, the new facility opens up for an annual two-digit capacity expansion every year for the next few years.
A market set to become a significant growth engine for Danisco, the Asian Pacific flavour market totals approximately USD 1.4 billion with an annual growth rate of 5 per cent.
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