03 May 2013 14:47 [Source: ICIS news]
HOUSTON (ICIS)--International Flavors & Fragrances (IFF) plans to close its fragrances ingredients facility in Augusta, Georgia, by July 2014, the US-based fine chemicals firm said on Friday.
IFF will be closing the plant to improve efficiencies within its ingredients manufacturing operations, it said.
"With a changing competitive environment, we have decided to streamline those parts of our business that support lower value-added, commodity-like ingredients and remain focused on those areas that are more value-enhancing," said Nicolas Mirzayantz, president of IFF’s fragrances group.
He did not comment on how many jobs may be affected or on the financial impact of the closure.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections