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Manufacturers

Follow the latest business news from the confectionery industry’s leading players such as Mondelēz International, Mars-Wrigley, Ferrero, Hershey, Haribo, Perfetti Van Melle and Nestlé and track developments at firms such as Lotte, Ülker, Arcor, Cloetta, Jelly Belly and Lindt.

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.

Secretary of State awards Mars for work in Ghana

Mars has been recognized by the Secretary of State’s Award for Corporate Excellence (ACE) for its work in Ghana promoting the well-being and sustainability of cocoa-growing communities.

M&A experts not so sweet on ‘Cadbury Law’: Part One

Limited changes to the City code regulating hostile acquisitions of public firms are welcome, but sweeping changes risk hurting British business, top lawyers agree.

Nestlé completes first part of £15m wafer investment programme

The opening of Nestlé’s new UK wafer-manufacturing line completes the first part of a £15m three year investment programme that aims to enhance product quality and reduce energy use.

Nestlé opens $136m Dubai factory

Confectionery giant Nestlé has officially opened a (USD) $136m manufacturing facility in Dubai which is set to become the third largest Kit Kat plant worldwide.

Nestlé to close Castleford factory by end of 2012

Nestlé Confectionery UK is proposing to close its Castleford factory and merge all of its UK 'seasonal' manufacturing into its Halifax site by the end of 2012.

Hershey to launch confectionery brands in UK and Europe

Hershey’s plan to start selling its confectionery in the UK and Europe forms part of the company’s wider agenda to target the region, says Euromonitor.

Comment

PepsiCo pays a high price for a gamble in Russian dairy

When PepsiCo put up $5.4bn last week to acquire Wimm-Bill-Dann, it was seduced by the promise of high revenue growth but like any high-yield investment the Russian deal does not...

Kraft in Cadbury job switch to Switzerland

Kraft Foods is transferring part of the Cadbury business to Switzerland in a move which could see it paying less corporation tax.

Hershey sues Mars over packaging similarities

The Hershey Company has sued Mars for allegedly mimicking the packaging design of its Reese’s Peanut Butter Cups by using a similar orange color and pack design for Dove peanut...

Policymakers critical for sustainable consumption, roundtable finds

Political leadership is crucial to encouraging more sustainable food consumption, attendees at a Kellogg’s Breakfast Club meeting heard this month, with industry and civil society playing important roles too.

Travel sector showing positive sales growth for Ferrero

Chocolate giant Ferrero has recently released a string of travel snack items after analysts reported a strong growth surge in the travel confectionery category over the past two years.

Lotte set to expand Wedel plants in Poland, report

Asian group Lotte has plans to expand the production capacity of Polish confectionery manufacturer Wedel by investing over €200m into the company, according to a Polish media outlet.

US confectioner Necco up for sale

US based confectionery firm Necco has announced that it has a hired an investment bank to help it identify a strategic partner or explore a possible sale of its business.

News in brief

M&S, Cadbury, Coca-Cola Enterprises, Nestlé UK and Alara Wholefoods join the lineup at Food Manufacture's Sustainable Supply Chain conference

If doing your bit for the planet used to be a good way of earning a few brownie points, it is now increasingly becoming a condition of doing business with...

Caffè Nero boss takes helm at Thorntons

Caffè Nero md Jonathan Hart will take the helm at Thorntons in January following a lengthy search to find a replacement for Mike Davies.

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