Sri City, January 23, 2018:– International Flavors & Fragrances Inc., a leading innovator of sensory experiences that move the world, has broken ground for a new flavors and fragrances plant in Sri City, in the august presence of Mr. Ravindra Sannareddy, Founder Managing Director, Sri City, Mr. B. Anilkumar Reddy, Joint Director, District Industries Centre, Chittoor and a host of senior executives from IFF.
In a message issued on this occasion, Mr. Andreas Fibig, Chairman and CEO, IFF said, “In this economically vibrant country, it is critical that we invest to provide our customers with winning tastes and scents. This new facility will be fitted with capabilities tailored for our customers’ needs. Coupled with our excellent consumer insights teams and their deep understanding of the local markets, we are well-positioned to live up to our promise to be our customers’ partner of choice.”
“IFF has had a leading position in India for over 85 years,” continued Mr. Fibig, “with a history of hiring local talent, contributing to the economy and to the communities in which we operate. We are thrilled to continue our legacy with this investment into the country, and look forward to many more years growing with our customers in this exciting market!”
Congratulating the IFF Team, Mr. Ravindra Sannareddy said,”It is a momentous occasion for us. As IFF, one of the global leaders in Flavors and Fragrances is performing groundbreaking in the beginning of the year itself, we consider it as a good start.”
Mentioning about the important features of Sri City, he said, ”Besides the world class industrial infrastructure, we are also setting up very unique social infrastructure on the concept of ‘walk to work’, where all employees can afford to own a house close to their work spot.”
Speaking on the occasion Mr. Chandy Thambi, Legal Director, IFF, Greater Asia Region said, ”Because of the ease of doing business and investor friendly policies of the Andhra Pradesh Government, we preferred AP. Excellent Logistics, coupled with very good connectivity and the presence of well established MNCs made IFF come to Sri City, which is on par with any other industrial park in the world. Our interactions with Government and Sri City were extremely encouraging. We thank Sri City MD for helping us to find solutions for whatever issues we faced.”
Stating that Sri City is the pride of India, Mr. Anilkumar Reddy, Joint Director, District Industries Centre, complimented the IFF team. He said, ”On behalf of the District administration, I assure you all guidance and help from the Government side.“
The plant is expected to be commercialised in December 2019. The new facility, which will be the largest flavour and fragrance manufacturing facility in India and the largest IFF site in Greater Asia, occupies a 32-acre/130,000 m2 plot and will serve IFF customers across India and the region. The capacity of the plant will be 36,000 m tons per annum, and investment will be Rs.500 crores. It will provide employment for 450 persons.
In line with the Company’s dedication to drive sustainability across the entire organization, the site is designed for efficient water use and reuse, to include rainwater harvesting capabilities, energy efficient building materials and equipment, maximisation of natural daylight, and low-consumption LED lighting.