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Bitter blow for Bendicks staff: 87 jobs under threat

Chocolate maker Bendicks has announced the start of a consultation on the future of its Hampshire chocolate facility that could see 87 UK jobs moved abroad.

News in brief

Ambassador's reception rumours confirmed: Ferrero plots UK expansion

Family owned Italian chocolate manufacturer Ferrero has revealed to that it is considering investing in UK production sites as it bids to double current UK chocolate sales by 2015....

News in brief

Orkla merges Russia confectionery firms

Orkla Brands said a merger of its Russian chocolate and confectionery companies into one entity will allow it expand its presence in that market.

Hershey expects huge growth from international markets

US confectionery manufacturer Hershey claims its growth levels are on pace to achieve $1bn international net sales - outside of North America – by 2015.

Russian choc maker sets out ambitious expansion plans

Modernising production facilities and a factory construction project in the Ukraine will enable a hike in output and turnover of $100m, claims one of Russia’s leading chocolate makers.

AAK confectionery arm contributes to fall in profits

AarhusKarlshamn (AAK) has posted a fall in 2010 fourth quarter operating profits, due largely to large increased in raw material prices.

German market help keeps Swiss confectioners 'in the black'

Rising demand in Germany informed a hike in sales to that market of nearly 17 per cent for Swiss chocolate manufacturers in 2010, who report sector recovery following the notable...

CEO shares how Nestle copes with raw material price hikes

Nestle will use price increases as a last resort in the face of rising raw material costs, says its CEO, and only after implementing its 4-point strategy based on trend...

Thorntons' profits slump 8.5% in first half

A 30.6% surge in sales of Thorntons-branded products to other retailers helped the chocolatier offset lacklustre sales through its own stores in the first half, but profits slumped 8.5% to £8.3m.

Cadbury integration hangover hits Kraft revenues

Despite robust overall growth, Kraft is still suffering from costs associated with its £11.5bn Cadbury purchase, according to the US giant's full-year accounts.

Raisio turns in healthy results and promises further acquisitions

Finnish ingredients and branded foods player Raisio – the owner of the stanol-cholesterol reduction brand Benecol, will continue seeking acquisitions, it announced in its 2010 financial statement that saw EBIT...

Chocolate is the new super fruit, claim Hershey scientists

Cocoa powder and dark chocolate has equivalent polyphenol content and greater antioxidant and flavanol content than various super fruits, claims a new study by research scientists based at the Hershey...

Olam to acquire UK confectionery fats supplier BFI

Singapore based Olam International is to acquire UK confectionery fats supplier Britannia Food Ingredients (BFI) along with a logistic services component for £33.5m ($50m)

Montezuma's doubles capacity as sales surge 40%

Upmarket chocolate maker Montezuma’s has doubled capacity at its chocolate factory in Chichester with the installation of a new depositor line.

Sales sweet for Ukrainian confectioner Roshen

Sales grew 32 per cent for Ukrainian confectioner Roshen in 2010, surpassing the US$1bn barrier, while production volume was up 410,000 tonnes on 2009, said the manufacturer.

Analyst expects Lindt to dominate premium as firm upbeat on results

This week saw chocolate maker Lindt reporting strong growth across all its main regions and consolidated sales of CHF 2.58bn for its financial year 2010, with an analyst claiming the...

Growth predicted in European chocolate market despite grindings data

The fall in cocoa grindings by 2.4 per in the fourth quarter of 2010 is not an indication of slowdown in the recovery of the chocolate market in Europe, claims...

News in brief

AAK creates four new spots at the top

AAK has appointed four global executives to its group management team, as it prepares for a new global growth spurt.

Weekly comment

CAP reform circus re-opens - but this time it’s serious

Roll up, roll up, the Great CAP Reform Circus is back in town. Missing those long arguments about the future of farm support? Hungry for more debate about how best...

Confectioners welcome step toward ending US-Mexico trade dispute

The National Confectioners Association (NCA) has welcomed an initial proposal that could end an ongoing US-Mexico trucking dispute that has seen Mexico impose tariffs on a long list of US...

Lees faces pressure from coconut price surge

UK confectioner, Lees Foods, aims to mitigate the recent surge in coconut prices and ongoing hikes in packaging material costs through improved efficiencies and passing off a proportion of input...

Kraft likely to have robust defence in India tax probe, says legal expert

Kraft is likely to have a robust defence in relation to the reported investigation into any tax bill it might be liable for following its takeover of Cadbury in February...

News in brief

ADM acquires 100% of Golden Peanut Company

Archer Daniel Midlands (ADM) has said it is now the 100 percent owner of Golden Peanut Company after it acquired all outstanding stock from Alimenta (USA), from Alimenta S.A, an...

Nestlé sells Russian confectionery business

Nestlé has sold its Russian confectionery division, Altai Confectionery, in a bid to focus on its core brands.

Unions sweet on tougher ‘Cadbury Law’: Part Two

The City code regulating hostile acquisitions of UK firms needs a radical overhaul, with greater employee and community consultation at the top of the agenda, say union leaders.

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