Fragrance design and creation company, Eurofragance (63.1 million euros of turnover in 2015 and 231 employees), has opened in Singapore its fourth Creative Centre. The firm has invested two million euros in this centre, which will be strategic to its development and to the creation of new fragrances. Just like the new production plant in Singapore, this centre will boost the presence of Eurofragance in the Asia-Pacific region.
The official opening, which was held at the company’s new premises, was attended by the Spanish ambassador to Singapore, Miguel Ángel Navarro Portera, among other guests. The 1,100 m2 Creative Centre is in Biopolis, an international business and science park conceived as an R&D business hub. It will have a staff of 15, led by Markus Steger, General Manager of Eurofragance Asia Pacific, a new name chosen by the company to boost its presence in the Asia-Pacific region.
Its main activities are the design, evaluation and development of applications and fragrances. Singapore Creative Center will streamline projects and will drive categories for which there is great demand in Asian markets, such as Home Care Fragrances.
New production plant
Furthermore, Eurofragance will be opening a new production plant in Singapore before the end of the year. The company will be making a two-phase investment of approximately 2 million euros in the plant, which will have a staff of six employees.
The mission of this plant, which will be equipped with a state-of-the-art robot, is to localise and increase production in what is a strategic geographic area for the company.
“Eurofragance sales in Asia are showing one of the highest rates of growth. The new plant will also allow the firm to raise quality and service standards and offer a speedy response. The company is implementing an important expansion strategy which aims to achieve a turnover of 77 million euros by 2016 and 100 million euros by 2018. Once this new plant is operative, Eurofragance will have three production plants; Barcelona, Mexico and Singapore,” explain the company.