Breaking News on Confectionery & Biscuit Processing

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£10M investment in Jacob’s Cream Crackers factory

Biscuit manufacturer United Biscuits (UB) has revealed £10M investment plans for its Jacob’s Cream Crackers factory. 

Ardent Mills announces intent to buy Canada flour milling plant from Mondelēz

Denver-based Ardent Mills has announced it's intention to purchase a flour-milling plant in Ontario, Canada, from Mondelēz Canada.

Cocoa processing comes to Trinidad and Tobago for first time

The republic of Trinidad & Tobago will have a cocoa-processing facility for the first time in its history.

Sugar lover lands ‘sweetest job in the world’

A sweet lover has landed her dream job as official taster at confectionery maker Swizzels after seeing off thousands of other applicants.

Emerging markets

Hershey goes solo in ‘key’ Brazilian market after acquiring Bauducco’s JV stake

Hershey has received clearance to acquire the remaining 49% in its joint venture with Bauducco, allowing the US giant to grow in the emerging market as its own entity.

Lindt overcomes commodity pressures to record 18% profits surge in H1

Lindt & Sprüngli has reported a double-digit rise in net income as it weathers steep price hikes in key commodities such as cocoa, hazelnuts and almonds.

Lotus Bakeries takes majority slice of Nakd and Trek bar maker

Belgium-based Lotus Bakeries has seen its share price jump to a near 52-week high after it acquired two-thirds of UK-based snack firm Natural Balance Foods on Monday for about £60m...

Fudge maker to invest £1.6M in global expansion

A Scottish fudge and sweet maker is set to invest in machinery and create up to 16 jobs, after securing a £1.6M finance package.

Mondelēz escapes Indian competition watchdog wrath in distributor spat

Mondelēz did not breach competition rules following a complaint from a distributor it was placing unfair terms on rural stockists, rule Indian authorities.

Petra Foods profits slump as Indonesian consumers cutback on chocolate

SilverQueen and Delfi brand owner Petra Foods has reported a 40% net profit dip in Q2 2015 as sales fall in its main market Indonesia.

Peru’s Amazona Chocolate sees success with regional, high-quality chocolate

In the midst of regional growth, Peruvian chocolate maker Amazona Chocolate has received global recognition.

Nestlé H1 confectionery sales dip; cornerstone brands need investment, says analyst

Nestlé confectionery sales dipped $300m in H1, so if it wants to stay at the top it must continue to invest in brands like KitKat rather than focus too heavily...

Too conservative? Lindt's Hello Bites may need more bite for younger crowd

Lindt’s new Hello Bites may appeal to a younger crowd – but are the flavors too conservative for a demographic which appreciates novelty and variety?  

Olam’s ‘complex’ ADM cocoa deal hits delay

Singapore-based Olam’s $1.3bn acquisition of Archer Daniels Midland’s global cocoa business has hit a bump in the road, according to U.S. Securities and Exchange Commission filings.

Ackman investment in Mondelēz: ‘Maybe this is the shake up it needs,’ says innovation expert

Activist-investor William Ackman’s 7.5% stake in Mondelēz International should inject life into a sweet and snack major that has been struggling for the past two years, says the innovation head...

China to blame as Hershey reports Q2 loss of nearly $100m

The Hershey Company reported a net loss of almost $100m for the second quarter of 2015 - a result "adversely impacted" by its performance in China.

Making Tasty a household name in kids’ snacks

Tasty Brand co-founders Liane Weintraub and Shannan Swanson originally had their sights set on an organic frozen baby food line, but the 2008 economic crash saw the market for premium...

Exclusive interview: Dr. Mehmood Khan, vice chairman and chief scientific officer for global R&D at PepsiCo

PepsiCo R&D chief: ‘Over $6bn in net revenue is coming from innovation’

PepsiCo’s research and development used to be focused on brand refreshes but we’re now working with a whole new strategy that is ‘paying off in buckets’, says its global R&D...

Q2 results

Mondelēz continues to suffer from chocolate price hike fallout in Europe

Oreo maker Mondelēz International saw net revenues decrease by 9.2% to $7.7 billion in the second quarter 2015, with Europe taking a 16.7% hit.

Smile for candy: Hershey eyes in-store excitement with facial recognition sampler

Hershey plans to introduce an interactive sampler to retail stores that dispenses products after shoppers smile in a bid to enhance the in-store experience and create a sales opportunity.

The Oprah effect: Annie B’s Popcorn and Caramels eyes expansion after celeb endorsement

Minnesota-based Annie B’s Popcorn and Caramels  has expanded its product offering and hopes to grow its retail distribution after being named one of Oprah’s favorite things of 2014....

Emerging markets

‘India’s first aerated chocolate’: Mondelēz brings bubbly platform to fastest growing emerging market

Mondelēz International has launched what it claims is India’s first aerated chocolate by bringing Cadbury Dairy Milk Silk Bubbly to the world’s fastest growing chocolate market.

Legal Watch

Perfetti Van Melle USA faces $5m Mentos ‘packaging deception’ lawsuit

Perfetti Van Melle USA says it will vigorously defend a class action lawsuit in New York that accuses the firm of deceiving consumers by slack-filling Mentos chewing gum containers.

Growing minis capacity: Mars to invest $109m to expand Dutch plant

Mars plans to expand capacity at its Veghel plant over the next 10 years to produce miniature versions of its brands as Western Europeans limit their calorie intake.

Cloetta agrees $34.4m Lonka acquisition to enter Dutch chocolate market

Cloetta has returned to profit in the second quarter and announces a deal to acquire Dutch fudge and chocolate producer Lonka for SEK 295m ($34.4m).

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