New lab will fuel sales in Asia

Article Excerpt

INTERNATIONAL FLAVORS & FRAGRANCES INC. $96 is a buy. The company (New York symbol IFF; Conservative Growth Portfolio, Consumer sector; Shares outstanding: 255.0 million; Market cap: $24.5 billion; Price-to-sales ratio: 1.9; Dividend yield: 3.4%; TSINetwork Rating: Above Average; www.iff.com) makes compounds that improve the taste of food and the smell of consumer products. IFF continues to earmark around 5% of its revenue to developing new products that help its customers satisfy consumer demand for better foods and hygiene products. As part of that commitment, IFF recently opened a new $30-million research centre in Singapore. The facility will help develop new food and fabric-care products for customers in Asia. That will help IFF tap into improving prospects in that region. It, in fact, expects Asia will account for 60% of global economic growth by 2030. IFF is a buy. buy. …