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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.

Asia still focus for Hershey as Q2 income down

Second quarter income for US chocolate maker, Hershey, fell 35 per cent due to factors such as charges related to its supply chain efficiency programme and the joint venture in...

Chocolate dividend scheme proves lucrative for UK firm

An innovative scheme involving the return of dividends to investors in batches of premium chocolate has raised £3.7m for UK company Hotel Chocolat’s facility and retail outlet expansion plans.

Kraft sells Romanian business to investment fund Oryxa

US food giant Kraft Foods has announced the sale of the Cadbury owned Kandia-Excelent chocolate, sugar confectionery and cake business in Romania to Oryxa Capital, an international investment fund, subject...

Lotte group set to acquire Wedel in Poland from Kraft

Ending months of speculation, Asian confectionery giant Lotte Group will acquire the Wedel business in Poland from Kraft Foods, subject to regulatory approval.

News in brief

Cadbury heiress to launch chocolate company - reports

The heiress to the Cadbury’s fortune is to sell her £27m country estate in a bid to launch a chocolate company, according to UK media reports.

Danisco positive on FY despite sweetener struggles

Danisco achieved 6 per cent in revenue for its full year 2009/10 and strong profit growth; all divisions with the exception of sweeteners contributed to its margin expansion.

News in brief

Private equity firm cleared to acquire Mieszko

Lithuanian company Eva Grupe has been given clearance by Poland’s competition regulator to attain a majority stake in Polish confectioner Mieszko.

Nestlé York staff reject pay offer but agree to more talks

Union members at Nestlé’s York chocolate factory have rejected an offer from company bosses of a 1% pay rise but agreed to resume talks.

Hershey move from old factory to bring 500-600 job losses

Hershey is modernising its production facilities in a $250 to $300m investment plan that will see the company move out of a century-old chocolate factory and cut 500 to 600 jobs.

Nestle frontrunner for Kraft’s Polish chocolate firm Wedel - analyst

Kraft Foods is accepting final bids for Wedel with Nestle best placed to secure the Polish chocolate business according to one industry insider.

Godrej Hershey set to introduce chocolate products in India, report

Indian joint venture Godrej Hershey is reported to be introducing chocolate products into amdist strong competition from dominant players such as Cadbury and Nestlé.

Takeover Panel censures Kraft over Cadbury bid

The UK Takeover Panel this week issued a rare public censure of Kraft after the company was held in breach of the executive body’s code by going back on promises...

Rent reductions way out for Thortons: analyst

UK chocolate maker and retailer, Thorntons, should renegotiate on own shop leases in order to claw back some lost profits, claims an analyst as the group issues another pre-tax profit...

Kraft Food pledges commitment to Cadbury Ireland

Senior Kraft Food executives pledged their commitment to Cadbury Ireland this week in discussions with the Irish minister for Enterprise, Trade and Innovation, Batt O’Keeffe.

Bid reported for independent Polish confectionery firm

Private equity fund Eva Grupe is set to make a bid for Polish confectionery company Mieszko, according to media reports.

RSSL takes on global R&D role as Kraft restructures

Reading Scientific Services (RSSL) will house an expanded global science and technology centre supporting Kraft worldwide following a radical restructuring that will also see Cadbury Bournville transformed into a global...

Kraft Q1 revenues soar by 26 percent after Cadbury acquisition

US food giant Kraft has announced first quarter 2010 revenues up 26 percent to $11.3bn after its acquisition of British food and confectionery company Cadbury.

International acqusitions may be on the cards, Hershey

US chocolate maker, Hershey, said it is still open to international expansion and it claims acquisitions will be made easier by the fact that the global chocolate markets are still...

Nestlé proposes ‘modest’ pay rise at York

Nestlé UK has offered staff at its York factory a 1% pay rise in order to avert the threat of industrial action.

Job cuts threatened at Mars UK production site

In a review of manufacturing operations as part of ongoing initiatives to remain competitive, Mars UK said that there could be potential job losses at its facility in Slough.

Kraft mandates banks to sell Cadbury plants

US food group, Kraft, has recruited the services of financial powerhouses HSBC and BNP Paribas to help divest it of the Polish and Romanian businesses of Cadbury, according to media...

Barry Callebaut posts gains in contracting chocolate market

Chocolate maker Barry Callebaut has reported increased profits and sales volumes for the six months to the end of February 2010, despite a declining global chocolate market.

News in brief

Nestle starts production at new Dubai plant

Nestle’s Middle East affiliate has started producing powdered milk, confectionery and wafer products, at its new plant in Dubai, which has a capacity of 100,000 tons a year.

Glisten reports hike in confectionery sales

The confectionery division of impulse snack and confectionery foods group Glisten, reported an increase in sales by three per cent to £16.2m, with operating profits also up seven per cent...

Kraft pledges no Cadbury job cuts for two years

US food giant Kraft issued a public apology regarding the U-turn on its pledge to keep operational the Cadbury plant near Bristol, and it also promised to ensure no job...

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