IFF set to expand Shanghai Creative Center 

CHINA – IFF, a leading global company in food, beverage, health, biosciences, and scent, is set to complete the renovation and expansion of its facilities in Shanghai Hongqiao Airport Business Park, China.  

According to a company statement, the newly renovated site, named the “Shanghai Creative Center,” will be fully operational by the end of August 2024. 

The Shanghai Creative Center is IFF’s largest facility in Asia, spanning 16,000 square meters.  

The project aims to drive the development of innovative solutions across IFF’s portfolio in China and the Greater Asia market, further strengthening its global leadership in fragrances, flavors, functional ingredients, and bioscience-based products. 

“The Shanghai Creative Center will bring together capabilities across IFF, all in one location, enabling us to improve our delivery of end-to-end solutions for customers in Asia and around the world,” said IFF CEO Erik Fyrwald.  

“This was a natural next step following the opening of our Singapore Innovation Center in 2022 and reaffirms our dedication to advancing innovation in Asia.” 

The Shanghai Creative Center will feature an open-office layout, a sensory science center, a scent creative center, and state-of-the-art labs for creation, design, and product analysis.  

Additionally, the center will include an exclusive fine fragrance area dedicated to the art of perfumery and a 360-degree digital space, offering an immersive olfactory experience and setting the stage for live-streaming educational workshops. 

During the first quarter ended March 31, 2024, IFF reported net sales of US$2.9 billion, a 4 percent decrease compared to the same period last year.  

The company’s income before taxes for the first quarter was US$115 million, with an adjusted operating EBITDA of US$578 million.  

IFF now expects full-year 2024 results to trend towards the higher end of its previously announced sales guidance range of US$10.8 billion to US$11.1 billion and adjusted operating EBITDA guidance range of US$1.9 billion to US$2.1 billion. 

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