investment
Barry Callebaut Group reports on full-year results for 2020/21
Swiss-headquartered Barry Callebaut Group has released its full-year results for the fiscal year 2020/21, reporting healthy growth for its chocolate and cocoa business.
Mondelēz launches second round of SnackFutures ‘CoLab’ innovation and venture hub
Global confectionery and snacks group Mondelēz International has unveiled plans for its latest SnackFutures innovation and venture hub, opening applications for its CoLab 2022 classes, reports Neill Barston.
Cargill completes $100 million expansion work on core Ivory Coast cocoa processing site
A major venture from Cargill has been completed, as it unveils a $100 million expansion of its cocoa processing facilities in Yopougon, Ivory Coast, which is believed to be the largest grinding plant of its kind in Africa, reports Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Packaging, Processing, Regulatory, Sustainability
Mondelēz International records key nine-month upturn bolstered by major acquisitions
Mondelēz has revealed a performance boost with its nine-month results, recording net revenues increasing 7.8% to $7.2 billion for the period against the previous year, bolstered by several key acquisitions including Hu, Grenade and Gourmet Food, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Packaging, Regulatory, Sustainability
Swedish founded N!CK’S healthier ice cream and snacks brand gains $100 million development funds
Swedish-founded healthy snacks and ice cream business N!CK’S has confirmed raising $100 million towards expanding its product portfolio and aiming to double the level of its global retail stores, reports Neill Barston.
Symrise flavours and fragrances records key nine-month growth upturn
Flavours and fragrance group Symrise has reported a significant upturn in its nine-month results, with sales figures increased 6.7%, to €2.9 billion for the period, reports Neill Barston.
Business news, Ingredients, New products, Processing, Sustainability
Tate & Lyle expands with key Dubai technical application centre for product research
Global ingredients and solutions firm Tate & Lyle has confirmed the opening of its new Technical Application Centre in Dubai, accelerating work within in a number of sectors including snacks, dairy and potential confectionery applications.
Business news, Cocoa & chocolate, Ingredients, Processing, Sustainability
Barry Callebaut invests €100 million in world’s largest sustainable chocolate distribution facility in Lokeren, Belgium
A major operations investment totalling €100million has been made by Barry Callebaut as it inaugurates is new ‘Chocolate Box’ global distribution centre in Lokeren, Belgium, which is though to be the largest of its kind in the world, writes Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, Packaging, Processing, Regulatory, Sustainability
Ferrero breaks ground at Bloomington Illinois site as its first US chocolate processing facility
A major investment in Ferrero’s US operations is fast taking shape as the company broke ground on a new $75 million chocolate processing facility in Bloomington, Illinois, becoming the first site of its kind for the business outside Europe, reports Neill Barston.
Business news, Cocoa & chocolate, New products, Processing, Sustainability
Cargill progresses production plans for $150 million Brazilian pectin plant
Global production is set to shortly begin at Cargill’s new advanced $150 million pectin production facility, located in Bebedouro, Brazil, serving a number of markets including confectionery segments, reports Neill Barston.
Business news, Ingredients, Processing, Regulatory, Sustainability
Olam Food Ingredients unveils New Zealand dairy processing facility plans
Olam Food Ingredients has unveiled proposals for a new dairy processing facility in the North Island town of Tokoroa, New Zealand, focusing on key categories including confectionery, bakery and desserts, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Cargill expands global pectin footprint with opening of $150 million Brazil facility
Cargill’s pectin plant located in Bebedouro, Brazil, significantly expands the company’s ability to meet growing global demand for the label-friendly texturizing ingredient.
CarobWay delivers an ancient crop with a modern twist and snacks potential
Israeli-based FoodTech and agriTech start-up CarobWay is seeking to bring the ancient Biblical carob fruit to the modern table as a super-nutritious, highly sustainable food crop with snacks and confectionery potential, writes Neill Barston.
Greggs makes key investment into UK automated cold store site
A key infrastructure investment is being made by UK bakery food chain Greggs, as it sees complete on a new automated cold store built by food and drink construction expert Clegg Food Projects, writes Neill Barston.
Business news, Cocoa & chocolate, New products, Regulatory, Sustainability