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Stock impact report

IFF Announces Expansion of Cedar Rapids, Iowa Ingredients Facility

International Flavors & Fragrances, Inc. (IFF) 
Last international flavors & fragrances, inc. earnings: 2/12 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.iff.com
Company Research Source: Business Wire
At our new, state-of-the-art facility, IFF will produce high-quality fruit-based ingredients for snack manufacturers, aiming to provide a promising return on investment. NEW YORK--(BUSINESS WIRE)--IFF (NYSE: IFF) today unveiled plans to expand its Cedar Rapids, Iowa facility to capture a larger share of the booming healthy snacks market both in the U.S. and globally. The 47,000-square-foot expansion represents a nearly $70 million investment. When fully operational in the latter half of 2026, the expansion is projected to create up to 40 new jobs.“Our Cedar Rapids plant will be equipped with cutting-edge technologies, allowing us to provide U.S.-made TAURA by IFF fruit ingredients that can be easily integrated into food manufacturing processes,” said Andy Muller, president of Food Ingredients. “Additionally, sustainability is at the forefront of this project, aligning with our commitment to Do More Good.”Leveraging more than three decades of proprietary technology, this expansion w Show less Read more
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