Sensient Technologies Corporation Announces Major Investment in Digital Inks Production
Sensient Technologies Corporation Announces Major Investment in Digital Inks Production
Sensient to invest $22 million in Morges, Switzerland, Facility
Sensient Technologies Corporation (NYSE:SXT) announced today that it plans to invest $22 million in the digital ink capabilities and production at its Morges, Switzerland, site. Sensient will expand its current facility to accommodate greater growth in its digital inks business and to reinforce its market-leading position.
This investment will expand the current plant’s production capabilities and will feature significant new technology with applications in textiles and other industrial inks, including its industry-leading ElvaJet® inks product line. This is the latest in a planned series of investments to expand Sensient’s global capabilities in sublimation and pigmented inks, along with pigment dispersions.
Kenneth P. Manning, Chairman, President and CEO of Sensient Technologies Corporation, said, “With this investment, we are continuing to secure our leadership position not only in digital inks, but also in the global industrial ink market. We see a significant opportunity to grow our digital inks business and to meet the long-term needs of our customers. Our investments ensure that we will remain in the forefront of the industry with cutting-edge technologies and state-of-the-art facilities.”
ABOUT SENSIENT TECHNOLOGIES
Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors and fragrances. Sensient employs advanced technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, inkjet and specialty inks and colors, and other specialty and fine chemicals. The Company’s customers include major international manufacturers representing most of the world’s best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.
Sensient Technologies Corporation
Dick Hobbs, (414) 347-3836
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