Takasago has decided to invest in the Indian market and establish a production facility in an industrial complex in Chennai, Tamil Nadu.
The Indian flavoring and fragrance market is expected to experience a high level of growth, in the area of beverage and confection flavoring, fragrances used for cosmetics and toiletries. With the new location, along with providing a high supply capacity, by fully-developing our creation, application, and R&D capabilities, we will be able to convey our company’s distinct value to clients both around the world and in the local consumer market.
The Industrial Park in Chennai is developed by Ascendas, the Singaporean government–related developing company, and has been proceeding with the combined support of the national governments of Japan and India. As well as the added benefit of contributing to local job creation, we will concentrate numerous resources to ensure that this investment will become fully effective.
Takasago wants to raise awareness of the company and build a positive reputation especially in the Asian region to strengthen their position in the global market.
2. Summary of Investment
(1) Flavor and fragrance production and R&D facility
(2) Investment amount: Approximately $10 mil. US (Approximately ¥800 mil.)
(3) Site area: 20,000m2 (land)
(4) Date to become operational: 2014 (scheduled)
(5) Location: Chennai, Tamil Nadu