Milwaukee-based global color, flavor and fragrance manufacturer Sensient Technologies Inc. announced it will build a new facility in Johannesburg, South Africa.
The facility, which represents a significant undisclosed investment, will be devoted to research, development and manufacturing with capabilities for both color and flavor production.
Sensient’s additional capacity will allow for continued growth in color and flavor in South African foods and drinks, further establishing the company’s market position in Africa.
Customers there will have shorter wait times and local production capabilities, the company said. In addition, Sensient will be able to better serve the pharmaceutical color and coating industry.
“Our customers want local commercial and technical service, with quick and flexible manufacturing and product availability,” said Paul Manning, president and COO of Sensient. “With this investment, we can ensure that our customers have shorter lead times, better logistics and more convenient technical service. Building our business locally positions Sensient as a strong resource to our customers for colors and flavors and strengthens our position in pharmaceutical coatings and colors.”
The company now has 75 locations in 35 countries.
Sensient also reported third quarter net earnings of $32.9 million, or 66 cents per share, up from $32.0 Million, or 64 cents per share, in the same period a year ago.
The company’s quarterly revenues grew to $369.4 million from $363.8 a year earlier.
“Sensient delivered another strong performance in the third quarter despite the difficult economic conditions,” said Kenneth Manning, chairman and chief executive officer. “We continue to see opportunities for growth in all of our groups and I remain very optimistic about the company’s future.”