Eurofragance launches creative centre in Singapore
Eurofragance, a Spanish company dedicated to the design and production of perfumes, has opened its fourth creative hub in Singapore. The €2 million centre will be strategic to the development and creation of new fragrances and is set to boost Eurofragance’s presence in the Asia-Pacific region.
The 1,100 sq mt facility is located in Biopolis, an international business and science park conceived as an R&D business hub. Fifteen people will be employed at the premises, led by Markus Steger, General Manager of Eurofragance Asia Pacific – the new name for the company.
In addition to the creative centre, Eurofragance is set to open a new production plant in Singapore by the end of the year. The company will be making a two-phase investment of approximately €2 million in the plant, which will have a staff of six employees.
Asia has become one of Eurofragance’s fastest growing regions. The new plant will also allow the firm to raise quality and service standards and offer a speedy response to growing demand.
These efforts are part of the company’s expansion strategy, with the goal of achieving a turnover of €77 million by 2016 and €100 million by 2018.
Eurofragance has a local presence in more than 60 countries and sells its products on five continents.
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