The centre forms part of IFF’s move to optimize its financial operations model as part of a comprehensive multi-year restructuring operation.
The newly constructed facility is located in Mill Park and will house more than 100 employees by the end of the year, with the capacity to expand the operation considerably in the future, in line with IFF’s plan to grow its services.
Tapping into the sustainability goal
IFF executives have been raising the company’s sustainability stakes considerably in recent years and the construction of the new building has been carefully designed to incorporate eco-friendly elements.
“With sustainability a key enabler of our strategy, I’m proud to say that Mill Park supports our vision as a LEED gold certified site,” said Richard O’Leary, CFO of IFF.
“Mill Park provides IFF with a sustainable work environment that is conveniently located with easy access to public transportation and excellent amenities. I am very excited to see this site grow and fulfill its potential for both IFF and Budapest.”
Hungarian government lends support
The IFF project was conceived with the support of both local and national government bodies in Budapest and Hungary respectively, which served to conceive and realise the planning for the building, as well as enabling the development and creation of the workforce.
“Budapest is built for companies like IFF to flourish,” said Minister of Foreign Affairs and Trade Péter Szijjártó.
“Budapest offers a thriving business environment with a sophisticated workforce and strong infrastructure that supports the companies who establish themselves within our region. We are glad that IFF chose Budapest for their new global service centre.”
