International Flavors & Fragrances (IFF) has announced that by September 2014, its facility in Augusta, Georgia, will close. This will consolidate production into IFF's existing ingredients facilities, and improve efficiencies, the company says.
"Providing innovative and cost-effective ingredients for use in our fragrance compounds business is our number one priority and is critical to our ability to create winning solutions for our customers.," said Nicolas Mirzayantz, group president, Fragrances, IFF.
He continued, "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. Based on our ongoing business review, this is one of several actions we are taking to improve the competitiveness of our Fragrance Ingredients business, and to position our overall Fragrances business for long-term profitable growth."
Rob Edelman, senior vice president, Fragrance Ingredients, added, "While market forces clearly dictate the optimization of Ingredients' production, we do not make decisions such as this lightly. We value our employees and will do everything possible to treat them with fairness and sensitivity. Moving production to existing Ingredients plants creates synergies for IFF that will improve customer service levels while we continue to invest for the future."