class=tt>Wednesday November 1, 4:03 am ET Ltd. (LSE: FRUT, TASE: FRUT, OTC: FRUTF), one of the world's ten largest producers of flavors, continues to implement its rapid growth strategy and expands its activity in Latin America. Recently Frutarom established a subsidiary in Mexico (Frutarom Mexico Ltd.
) to coordinate and manage Frutarom's activity and sales in Central America. Frutarom already has a subsidiary and sales office in Brazil, which coordinates Frutarom's sales in hundred million residents. The new company will serve Frutarom's customers in its development, sales and logistics systems in the region.
The regional substantially developing Frutarom's flavors business in this region. Until today, Frutarom has focused on sales of ingredients in Central America. The years, combining organic growth in core activities (at rates higher than the Ori Yehudai, Frutarom's President and Chief Executive Officer, said that "As part of Frutarom's strategy, we are working to broaden and expand our business in additional countries and emerging markets, where growth rates are our presence in Central and South America, and also enable us to develop our customers in Europe and the United States enjoy.
Additionally, we see great significance in shifting our activity from agents, as this enables us to make direct contact with our customers. This will contribute substantially to our continued growth in this important developing area." Our Vision is "To be the Preferred Partner for Tasty and Healthy Success.
" Frutarom is a global company listed on the TASE and the LSE. It engages in the development, production and marketing of flavor extracts and fine ingredients used in the manufacture of food, beverages, pharmaceuticals, nutraceuticals, functional food, and cosmetics. Frutarom manufactures, markets and sells over 15,000 products to over 5,000 customers in more than sales for the first half of 2006 totaled $143.
3 million, up 8.7% from the first half of 2004. Net profit for the first half of 2006 grew by 14.
4%, - The Flavors Division which engages in the development, manufacture, and sales of flavors, compounds and food systems. - The Fine Ingredients Division, which engages in the development, manufacture, and sales of natural flavor extracts, natural functional food citrus products, and aroma chemicals. For more information, visit us at .
All rights reserved. Republication or redistribution consent of PRNewswire.
News RSS