strategy
Puratos US makes major investment in Wisconsin chocolate production site
A major investment has been made by Puratos US with the installation of a new production line at its chocolate plant in Wisconsin, which has been delivered after an upturn in consumer demand, reports Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Processing, Regulatory, Sustainability
Mars Wrigley’s Anton Vincent gains NCA’s distinguished service award
Anton Vincent, president of Mars Wrigley, emerged with a distinguished Service Award this week from the National Confectioners Association, presented at the State of the Industry Conference, reports Neill Barston.
Business news, Cocoa & chocolate, New products, Regulatory, Sustainability
Lindt & Sprüngli reports key annual growth, including major US market gains
Premium chocolate group Lindt & Sprüngli has delivered its key annual results, posting sales of CHF 4.97 billion, up 8.4% year on year, driven by positive results in its travel retail, and expanded US supply chains, reports Neill Barston.
Business news, Cocoa & chocolate, Packaging, Processing, Regulatory, Sustainability
Barry Callebaut appoints Vamsi Mohan Thati as Asia Pacific president
The Barry Callebaut Group has unveiled Vamsi Mohan Thati as President Asia Pacific and member of the Executive Committee, effective from next month, taking over from Jo Thys, who was recently appointed Chief Operations Officer, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
HMS ingredients business set for key rebrand as The Albex Group
HMS, parent company of key specialist ingredients businesses including Henley Bridge, has unveiled a new identity, The Albex Group, reflecting its Scottish roots, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Cocoa sector projected to reach $79 billion in value within the next decade
A continued projection of growth for the global cocoa market has been forecast, with its present value of$48.3 billion projected to reach US$79 billion within the next decade, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Sustainability
Exclusive: Creating ingredients for success at Nestlé’s UK facilities
Delivering on ambitious flavour and taste goals is a demanding, yet rewarding task, as Neill Barston discovers, speaking to Nestlé cocoa ingredient advisor John Newell, based at the company’s York manufacturing site, home to its flagship KitKat brand.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Packaging, Processing, Regulatory, Sustainability
Lakrids by Bülow continues mission to ‘make the world love liquorice’ with London pop-up store
Danish-founded confectionery group Lakrids by Bülow has expanded its retail growth plans through launching a new pop-up store in London, as it continues to expand its global presence with its artisan-developed liquorice, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Regulatory, Sustainability
Cargill continues to strengthen its senior global management team
Cargill has confirmed Joanne Knight as the company’s Chief Financial Officer (CFO) and Philippa Purser as Head of Strategy and Global Process Leader, who will be dedicated to focusing on driving the company’s strategic priorities, which include its broad food-based interests encompassing chocolate and bakery market interests, writes Neill Barston.
Business news, Cocoa & chocolate, Regulatory, Sustainability
Nestlé anticipated to raise prices amid challenging market conditions with annual results
Nestlé is anticipated to raise prices further this year, following increases on flagship ranges including KitKat, as the company noted challenging trading conditions that have impacted on its international operations, writes Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Processing, Regulatory, Sustainability
Lanarkshire’s Lees of Scotland set for acquisition by Finsbury Food Group
Lanarkshire-based confectionery business Lees of Scotlands is reportedly in the process of being acquired by the Finsbury Food Group, in a deal put at £5.7 million, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability
Bühler CEO hails significant results upturn despite global supply chain disruption
Bühler CEO Stefan Scheiber has welcomed an upturn in annual results, delivering an order intake increase of 8.7% to CHF 3.3 billion, 10% turnover rise to CHF 3 billion, and net profits up 37.5% to CHF 154 million, despite challenging market conditions, reports Neill Barston.
Business news, Cocoa & chocolate, Food safety, Ingredients, New products, Packaging, Processing, Regulatory, Sustainability
Mondelēz hails annual growth, with European and US operations performing strongly
The European and US operations of Mondelēz International helped secure improved annual net revenues up 9.7% to $31.49 billion, as the business also delivered encouraging results for its fourth quarter, reports Neill Barston.
Orkla drives forward purchase deal of Nordic confectionery firm Bubs Godis
Scandinavia’s Orkla confectionery and snacks group has reportedly forged ahead with its deal for a full acquisition of fellow Nordic business, Bubs Godis, within the Swedish sweets market, reports Neill Barston.
Business news, Ingredients, New products, Regulatory, Sustainability