Core Insights - International Flavors & Fragrances Inc. (IFF) plans to consolidate its business operations in Mexico at a new site within the Tecnoparque business complex, enhancing customer demand fulfillment, product market entry, and sustainability efforts [1][3] Group 1: Strategic Move - The new facility in Tecnoparque will include labs for product creation, design, testing, R&D, and business services, along with collaborative spaces for immersive experiences and co-creation with customers [2] - This strategic consolidation will leverage Mexico's rich culture and support business development across Latin America and the Caribbean, aligning with IFF's global growth strategy [3] Group 2: Facility Details - The consolidation will start with the Global Business Services Center, expected to be completed by 2026, and will encompass 50,000 square meters of green space [4] - The new facilities will feature a sophisticated water-management system and responsible waste management, generating enough solar power to meet energy demands [4] Group 3: Employment Impact - The consolidation is projected to create 650 job opportunities across various business segments, making it one of IFF's largest office locations [5] Group 4: Stock Performance - IFF's stock has declined by 9.8% over the past year, compared to a 4.8% decline in the industry [6]