FIRMENICH INAUGURATES STATE-OF-THE-ART PLANT IN ARGENTINA
Company Makes Multi-Million Dollar Investment in New Facility
Geneva, Switzerland, March 21, 2016 – Confirming its unwavering commitment to customers, Firmenich is proud to announce the opening of its new, state-of-the-art plant today in Buenos Aires, Argentina in the presence of CEO Gilbert Ghostine, strategic partners and senior Firmenich executives. The new plant will serve more than 100 customers across 10 markets globally, significantly increasing Firmenich’s footprint in Argentina.
“We have been in Argentina since 1956 and our multi-million dollar investment in this cutting-edge plant, underpins Firmenich’s long-term commitment to our customers in the region to deliver the most innovative, consumer-focused fragrance and flavor solutions in the market,” said Gilbert Ghostine, CEO Firmenich.
“We are a leading player in Latin America’s perfumery and flavors market thanks to the trust and close business partnerships with the region’s most renowned local, regional and global companies” said Edson Silva, VP General Services, Finance, Controlling, Latin America. “Boosting our operating capacity is a fundamental step to helping our customers generate even more value for their consumers, at the right cost and with the right level of service.”
With this new facility, Firmenich aims to strengthen its market leadership in fragrances. For flavors, the objective is to drive growth through the company’s leading Taste Modulation portfolio TasteGEM™, which helps restore the taste profile of food and beverage products with reduced sugar, salt and fat. Firmenich’s TasteGEM™ portfolio is already manufactured in Argentina.
Firmenich is the world’s largest privately-owned company in the fragrance and flavor business. Founded in Geneva, Switzerland, in 1895, it has created many of the world’s best-known perfumes and flavors that billions of consumers enjoy each day. Its passion for smell and taste is at the heart of its success. It is renowned for its world-class research and creativity, as well as its thought leadership in sustainability and exceptional understanding of consumer trends. Each year, it invests 10% of its turnover in R&D, reflecting its continuous desire to understand, share and sublimate the best that nature has to offer. Firmenich had an annual turnover of 3.0 billion Swiss Francs at end June 2015.