investment
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
FDF welcomes UK government autumn statement pledging billions for manufacturing investment
The UK’s Food and Drink Federation (FDF), which represents a broad array of sector businesses, including within confectionery and snacks, has welcomed today’s Autumn Statement offering funding for investment in capital equipment, reports Neill Barston.
Global chocolate market projected to show $45 billion growth over five years
A sustained pattern of growth has been projected for the global chocolate market, which is expected to deliver a total of $45.78 billion increase in value between 2022 and 2027, with premium brands leading the pack for delivering its enhanced performance, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Regulatory, Sustainability
Nestlé pledges multi-billion investment into nutritionally-enhanced ranges, including confectionery
Global food group Nestlé has outlined an ambitious programme valued at between CHF 20-25 billion into nutritionally-enhanced ranges, including within confectionery, by the end of the decade, reports Neill Barston.
Business news, Cocoa & chocolate, New products, Regulatory, Sustainability
Hershey names Deepak Bhatia as its first ever chief technology officer
Hershey’s global tech strategy is set to be directed by Deepak Bhatia, who has been appointed as its first chief technology officer, who has also been named on its Executive Committee, reports Neill Barston.
Ferrero makes major investment with new US innovation and R&D facilities
A sizeable investment has been made by Ferrero in the US, as it celebrated the opening of its new innovation centre and new regional research and development labs in Chicago, writes Neill Barston.
Business news, Cocoa & chocolate, Regulatory, Sustainability
Ivory Coast and Senegal cocoa and cashew farmers gain €26 million EIB and Cofina investment
Sustainable agriculture, including cocoa and cashew production, in Ivory Coast and Sengal has been given a €26 million boost, as the European Investment Bank and Cofina Group confirm an agreement to support core farming operations within the region, reports Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, Processing, Regulatory, Sustainability
Barry Callebaut’s ‘BC next level’ sees CHF 500 million investment in digital services and sustainability
A major company investment valued at CHF 500 million is being made by Barry Callebaut, focused on delivering customer innovation, sustainability issues and digital development, writes Neill Barston.
Nestlé continues Brazilian confectionery acquisitions, gaining Grupo CRM premium chocolate business
Nestlé has revealed a significant South American expansion move in confirming a deal with Advent International, acquiring a majority stake in Brazilian premium chocolate business Grupo CRM, reports Neill Barston.
Key Ghana cocoa processing breakthrough with Koa’s latest sustainably-focused factory
A key breakthrough for cocoa processing in Ghana has been achieved, as Ghanaian-Swiss start-up Koa has inaugurated a second fruit processing factory in Akim Achiase, furthering its sustainability mission within the country, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Sustainability
Haribo production at first US manufacturing site is underway
Haribo has made a major investment in its US operations, with production officially under-way at its first-ever North American manufacturing facility, at Pleasant Prairie, Wisconsin, writes Neill Barston.
Business news, Cocoa & chocolate, Processing, Regulatory, Sustainability
Bitzel’s Chocolate set for key US artisan confectionery manufacturing facility
A wide range of confectionery creations will be taking shape at new chocolate manufacturing facilities at Bitzel’s Chocolate in Georgia, US, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Sustainability