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FIRMENICH GROWS IN SOUTH EAST ASIA WITH NEW TASTE CREATION FACILITY IN THE PHILIPPINES

Geneva, Switzerland, November 22, 2018 – Firmenich is proud to announce the opening of a new, cutting edge taste creation facility in Bonifacio Global City, in Manila, the Philippines. Reinforcing the company’s footprint in Southeast Asia, this taste creation hub features high-tech laboratories and cutting-edge sensory capabilities to shape the future of food in this dynamic region. The opening ceremony was attended by Andrea Reichlin, Switzerland’s ambassador to the Philippines, as well as local guests, Firmenich customers and senior executives.

“Staying at the forefront of creativity and innovation is paramount for us to be the Taste and Nutrition partner of choice,” said Gilbert Ghostine, CEO, Firmenich. “We have been present and continuously investing in the Philippines since 1996, and look forward to continuing to deliver the most innovative and consumer-focused taste solutions to our customers.”

“Local communities will benefit from Firmenich’s expanded presence in the Philippines, as it puts its science to work to address key global challenges such as health & nutrition or climate change,” said Andrea Reichlin, Switzerland’s ambassador to the Philippines. “Firmenich’s inclusive approach, alongside its Swiss high quality standards, gives the company an edge to create value for its customers, consumers and society today and tomorrow.”

"This strategic investment in the Philippines will enable us to work more closely with our customers to co-create great taste experiences that appeal to the diversity of consumers across the country and beyond,” said Emmanuel Butstraen, President, Firmenich Flavors. “We are dedicated to creating food and beverages that are both healthier and delicious. Our tailor-made solutions, particularly for sugar reduction, will allow our customers in the Philippines to meet the needs of today’s health-conscious consumers without ever sacrificing on taste,” he concluded.

Building on Firmenich’s culinary discovery center in Thailand, launched earlier this year, this new taste creation facility further confirms the strategic importance of South East Asia for the Group. By strengthening its foothold across this dynamic region, Firmenich is committed to mastering its rich culinary heritage and trends to delight consumers globally.

Firmenich recently announced strong results for its fiscal year 2018, recording CHF 3.7 billion in net revenues, a +9.6% increase in Swiss Francs versus prior year. Advancing its purpose as creators of positive emotions to enhance wellbeing naturally, Firmenich also delivered a number of innovation breakthroughs this year, including the launch of its latest taste modulation solution TastePRINT™, enabling a 100% reduction of sugar naturally.

About Firmenich
Firmenich is the world’s largest privately-owned perfume and taste company, founded in Geneva, Switzerland, in 1895. Driven by its purpose to create positive emotions to enhance wellbeing, naturally, Firmenich has designed many of the world’s best-known perfumes and tastes, bringing delight to over four billion consumers every day. Renowned for its world-class research and creativity, as well as its leadership in sustainability, each year, Firmenich invests 10% of its turnover in R&D to understand and share the best that nature has to offer responsibly. Firmenich had an annual turnover of 3.7 billion Swiss Francs at end June 2018.
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