IFF Invests $15.8 Million in New Innovation Centers in Latin America

Rhea-AI Summary

On July 28, 2022, IFF announced a significant investment of $15.8 million in three innovation centers located in Latin America: Sao Paulo (Brazil), Bogota (Colombia), and Santiago (Chile). These state-of-the-art facilities enhance R&D capabilities across IFF's divisions, including Nourish, Health & Biosciences, and Scent. The new centers aim to foster collaboration and accelerate product development, serving diverse sectors such as food, beverage, and health. This investment aligns with IFF's strategy to leverage the growth potential of the Latin American market.

Positive

• Investment of $15.8 million enhances innovation centers in Latin America.
• New facilities improve R&D capabilities across Nourish, Health & Biosciences, and Scent divisions.
• Supports faster product development and customer collaboration.

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• None.

SAO PAULO, July 28, 2022 /PRNewswire/ -- IFF (NYSE: IFF), an industry leader in solutions for food, beverages, health, biosciences, and scent, announced the company invested $15.8 million in three of its innovation centers in Latin America. The facilities are strategically located in Sao Paulo, Brazil, Bogota, Colombia and Santiago, Chile to serve the diverse local markets. The sites feature state-of-the-art research, application, sensory labs and pilot plants, and offer customers access to complete product-design capabilities.

The innovation centers are designed to enhance customer experience, allowing customers to have deeper involvement in the development process, fostering collaboration across the company's three business divisions ─ Nourish, Health & Biosciences and Scent ─ to deliver the exact solutions they are pursuing in a much shorter time. The new facilities will support product design and development from conceptualization to commercialization, serving the food and beverage, animal nutrition and health, home and personal care, nutritional supplements and bioenergy industries.

"This substantial investment is consistent with IFF's strategy to support the growth potential of Latin America," said Zacarias Karacristo, country leader of IFF Brazil and regional president of Nourish division, IFF, Latin America. "It is also a testament of our commitment to being a key innovation partner to our regional customers."

"These regional innovation centers allow us to co-create so that we can help them transform ideas into essential solutions that address the latest consumer needs and market trends with agility and purpose," added Karacristo.

• Brazil Innovation Center – Located in the Castelo Branco Office Park, Barueri, Sao Paulo, this approximately 2,000 square-meter ultra-modern facility consolidates the R&D capabilities of IFF's Nourish and Health & Biosciences divisions. The $6.3 million facility is LEED (Leadership in Energy & Environmental Design) certified and one of only a few buildings in the country with this certification. It houses laboratories and pilot plants designed to replicate large-scale industrial production processes, to serve the needs of all key categories, including bakery, confectionary, beverages, culinary and snacks, meat, fats and oils, dairy and ice-cream.
• Columbia Innovation Center – A $7.8 million facility that is conveniently located in the Megaport Business Center in Bogotá. It spans almost 6,000 square meters and features research, application and sensory labs, as well as a pilot plant to support product development co-creation in food and beverage, home and personal care, and health and wellness segments across the Nourish, Health & Biosciences and Scent divisions. This innovation center will serve customers in Colombia, South Central America and the greater Andean and Caribbean regions.
• Chile Innovation Center – The $1.7 million facility is conveniently located in Ciudad Empresarial, a financial and innovation hub in the city of Santiago de Chile. In addition to consolidating overall administrative and creative services in the region, four new application laboratories will offer IFF's extensive portfolio of functional ingredients, flavors, colors and aromas and support product development in the bakery, bars, confectionary, beverages, dairy, culinary and snacks categories.

In line with the company's dedication to sustainability, each innovation center was constructed following strict sustainability guidelines.

For more than 60 years, IFF has maintained a significant presence and footprint in key Latin American markets. The three new facilities bring the total number of IFF innovation centers in Latin America to 12.

About IFF's Nourish division

At IFF, we're united by a common goal: to apply science and creativity for a better world. Across our business divisions, we're on a mission to Do More Good for our people, customers, and communities.

To us, "nourish" means "to feed with purpose" — and we're here to redefine the industry by nourishing people, products, and our planet. Every day, our teams are boldly reimagining and pioneering the next generation of food and beverage experiences. We're leveraging our industry-leading product portfolio, unmatched innovation capabilities, and customer-centric approach to become the partner for essential solutions. Let's nourish the future, together.

About IFF's Health & Biosciences division

Inspired by nature and distinguished by its world-class bioscience and microbiome capabilities, IFF's Health & Biosciences division is a leading innovation partner for customers across a broad range of consumer product, industrial and agricultural sectors. IFF's Health & Biosciences division works closely with our customers to enhance products – and their processes – to deliver safer, healthier and more sustainable solutions.

About IFF's Scent division

IFF's Scent division creates and pioneers' unique fragrances, scent solutions and cosmetic actives across key consumer goods industries such as fine perfumery, personal, fabric and home care. Key enablers to these pioneering scents are unique fragrance ingredients and naturals which bring breakthrough olfactive innovation and augmented perfumery benefits. Scent leads fragrance artistry, scientific discovery and therapeutic breakthroughs that change the word for better by awakening human nature.

Welcome to IFF

At IFF (NYSE: IFF), an industry leader in food, beverage, health, biosciences and scent, science and creativity meet to create essential solutions for a better world – from global icons to unexpected innovations and experiences. With the beauty of art and the precision of science, we are an international collective of thinkers who partners with customers to bring scents, tastes, experiences, ingredients, and solutions for products the world craves. Together, we will do more good for people and planet. Learn more at iff.com, Twitter , Facebook, Instagram, and LinkedIn.

©2022 International Flavors & Fragrances Inc. (IFF). IFF, the IFF Logo, and all trademarks and service marks denoted with ™, ^SM or ^® are owned by IFF or affiliates of IFF unless otherwise noted. All Rights Reserved.

CONTACT:

Tatiana Ernandes 
Communications Specialist
tatiana.ernandes@iff.com 
+55 11 97.281.6327

 

SOURCE IFF

FAQ

What is the investment amount IFF announced for its innovation centers?

IFF announced an investment of $15.8 million for its innovation centers in Latin America.

Where are IFF's new innovation centers located?

IFF's new innovation centers are located in Sao Paulo (Brazil), Bogota (Colombia), and Santiago (Chile).

What sectors will benefit from IFF's innovation centers?

The innovation centers will benefit sectors such as food, beverage, health, home and personal care, and bioenergy.

What is the purpose of IFF's Latin American innovation centers?

The innovation centers are designed to enhance customer experience and accelerate product development through collaboration.

How many innovation centers does IFF have in Latin America after this investment?

After this investment, IFF has a total of 12 innovation centers in Latin America.