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Markets :: Specialty Chemicals :: Flavors and fragrances
IFF to close Georgia fragrance ingredients plant
12:41 PM MDT | May 6, 2013 | Vincent Valk
International Flavors & Fragrances (IFF) says it will close its fragrance ingredient manufacturing plant at Augusta, GA, by July 2014 as part of the company’s cost-cutting initiatives. IFF is aiming to consolidate its manufacturing operations to make them more cost-efficient, the company says. “With a changing competitive environment, we have decided to streamline those parts of our business that support lower-value-added, commodity-like ingredients and remain focused on those areas that are more value-enhancing. Based on our ongoing...
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