investment
Mondelēz makes major strategic investment in Singapore biscuit and snacks hub
A significant investment has been made by Mondelēz International (MDLZ) as it inaugurated its new regional biscuit and baked snacks lab and innovation kitchen in Singapore, supported by $5 million investment, amid continued category growth, reports Neill Barston.
Nomo celebrates fifth free from anniversary with latest mini bar series
British vegan and free from brand, Nomo is marking its fifth anniversary of trading with a series of new mini bar products, as it reports a sustained period of growth for the business, reports Neill Barston.
Bühler moves biscuit HQ to major Denmark location
A significant strategic move has been confirmed by Bühler in relocating its Biscuit Business Unit and Nordics Services & Sales (SAS) to advanced facilities in Copenhagen, Denmark, as part of a rationalisation of its operations, writes Neill Barston.
Ferrero opens its first US chocolate production facility, at Bloomington, Illinois
A significant milestone has been marked by Ferrero North America, as it opens its first chocolate processing facility in the region, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Regulatory, Sustainability
Tony’s Chocolonely expands in US and renews UK Glastonbury festival venture
Ethically founded chocolate company, Tony’s Chocolonely, has recorded notable new investment in the business, as its presence in the US has almost quadrupled in four years, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Packaging, Sustainability
BDSI raises fears over rapid cocoa price rises impacting confectionery markets
The German confectionery trade body, BDSI, has expressed fears over the rapidly accelerating price of cocoa, which is impacting on stock availability for chocolate manufacturers in the country and across Europe, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Hershey’s Easter basket brimming with new offerings
US confectionery group Hershey is offering up a host of Easter treats across its portfolio, including innovations in the form of new Reese’s Peanut Butter Mini Eggs, KitKat special edition lemon flavour, and Cadbury Caramello Miniatures, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Regulatory, Sustainability
Eco-friendly focus for Nim’s Fruit Crisps sees manufacturing investment pay off
Ambitious expansion for British-based eco-friendly snacks producer Nim’s Fruit Crisps is being made possible through its achieving zero food waste in its innovative manufacturing operations, writes Neill Barston.
Business news, Ingredients, Processing, Regulatory, Sustainability
Mondelēz annual results reveal resilient fortunes, projecting further market growth
Mondelēz has released its annual and fourth quarter results, revealing net revenues of $36 billion, up by 14.4% as the business continues a pattern of global expansion that has seen it acquire fast-rising businesses in the snacking sector, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Mars completes major £534 million move acquiring Hotel Chocolat
Global confectionery group Mars has confirmed completing the acquisition of British premium chocolate brand, Hotel Chocolat, in a deal worth a reported £534 million, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Barry Callebaut posts revenue upturn amid challenging global market conditions
The Swiss-headquartered Barry Callebaut Group has released its latest quarterly figures revealing revenue gains of 14.1%, to CHF 2.2 billion driven by adjusted cocoa pricing, and an increase in sales volumes, rising 0.4% to 580,876 tonnes, against a ‘challenging and declining’ chocolate market, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory
Mars delivers major $42 million investment in new Chicago snacking R&D facilities
An ambitious $42 million investment has been made by Mars into creating an advanced snacking global research and development its Goose Island campus in Chicago, US, as the company aims to double its category business within a decade, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Mars, Incorporated makes $237 million investment in advanced Nature’s Bakery facilities
A major investment of $237 million is being made by Mars, Incorporated, into creating an advanced new baking facility for its recently acquired brand Nature’s Bakery, in Salt Lake City, Utah, US, writes Neill Barston.
Reprocessing company SugaRich moves to acquire UK Sweetdreams confectionery business
SugaRich, a key UK food reprocessing firm, has moved to acquire British confectionery business Sweetdreams Limited, targeting market expansion of its broader industry operations, reports Neill Barston.
Business news, Cocoa & chocolate, Processing, Regulatory, Sustainability