Takasago International Corporation officially signed an agreement to establish its new factory in the Zhangjiagang Bonded Zone on April 7. The project also received its business license on site.
An aerial view of Zhangjiagang Bonded Zone. [Photo/WeChat account: zhangjiagangfabu365]
Founded in 1920, Takasago stands as a global leader within the flavor and fragrance sector. The forthcoming facility in Zhangjiagang will be developed with a registered foreign investment totaling $50 million and is designed to produce 12,000 metric tons of high-end liquid and powder flavors annually. Upon achieving full operational status, the factory is expected to generate approximately 1 billion yuan ($136.95 million) in annual sales.
Zhangjiagang is currently leveraging the resources of the Jiangsu Yangtze River International Chemical Industrial Park to enhance its advanced polymer materials sector and accelerate the formation of an industrial innovation cluster valued at over 100 billion yuan. The city remains committed to providing a world-class business environment characterized by market orientation, adherence to the rule of law, and international standards. Furthermore, it seeks to deepen its collaboration with Takasago, with the aim of introduce more cutting-edge technologies and high-quality projects to Zhangjiagang.