Once the new facility is fully operative, it will house a full team, including laboratory specialists, perfumers, flavourists, and sales representatives.
Focus on strategy
Investing in a new facility in India, reflects the market’s significance to Iberchem, said the company in a press statement.
“The new creative centre in Mumbai reflects Iberchem Group’s global business strategy to strengthen its presence in fast-growing markets such as India,” said Ramón Fernández, CEO of Iberchem Group.
This is the Spanish company’s second facility in India. The first is a production centre in Ahmedabad opened in 2010.
Nikesh Budhrani, managing director of Iberchem Group in India, added: “By opening a second facility, Iberchem India reaffirms its commitment to meeting rising customer demand for leading technical services across the Indian sub-continent.”
Fernández elaborated that the new Mumbai centre is designed to offer long-term business growth in the country while supporting the group’s worldwide operation.
Additionally, it will enhance collaboration between teams and customers, while allowing for shorter lead times in the delivery of local projects.
Budhrani added that the new centre will be key in supporting the company’s local customers with its expertise in fragrance and flavours.
“Thus, offering closer collaboration and creating true consumer-preferred fragrances and flavours to differentiate their products in the marketplace,” said Budhrani.
A string of investments
The new creative centre is Iberchem’s second new facility since its acquisition by Eurazeo, a French global investment company, in 2017.
The first was a production plant opened in Bangkok last October in order to expand further into South East Asia.
Earlier in May 2018, the company announced the acquisition of South African company Versachem as part of its expansion plan and its ongoing 2020 strategy of accelerating its organic growth through mergers and acquisitions.