Global Fragrance Magnate Settles in NETDA

by swisscham in Engineering, Manufacturing

As the leader in the global flavours and fragrances industry, Swiss company Givaudan has set up offices in the Nantong Economic and Technology Development Area. This has been the largest investment Givaudan has made in China since 2006, with an initial investment of USD 45 million. Givaudan, based in Switzerland, is a multinational flavours and fragrances magnate with a history of over 200 years. It accounts for 25% of the market in the global flavours and fragrances industry with a market value of around CHF 17 billion (USD 18.3 billion). In 2012, it realized sales of CHF 4.3 billion and established branches in more than 40 countries.

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