Fast growing economies such as Brazil, India, Russia and China present big growth prospects for confectioners. Stay on the pulse of multinationals' moves into these markets and keep up to pace with local players here.
Nestlé USA will shift a majority of its US to Puerto Rico shipments from the Port of New York and New Jersey to JAXPORT (Jacksonville Port Authority) in Jacksonville, Florida.
The Wrigley Company is constructing a $63m plant in Kenya, which global president Martin Radvan calls an ‘important early step’ in realising a strategic commitment to Africa.
Mondelēz’s Cadbury Glow and Nestlé’s Kit Kat Senses have joined India’s rapidly growing premium chocolate market.
Where are Nestlé's strongest confectionery markets? And how does it fare in global markets? ConfectioneryNews digs into data from the company's 2014 Annual Report to dish up some bite-sized facts....
Mondelēz has developed a method to produce heat resistant chocolate that it says can easily be integrated into existing processes.
Mars will construct its first confectionery factory in India, producing Snickers and Galaxy.
Jelly Belly’s new international sales chief discusses expanding distribution in China, targeting impulse channels in Europe and the impact of the Russia’s political and economic situation.
Mondelēz kicked off the Packaging Innovations tradeshow at the NEC in Birmingham, UK, today talking about its developing markets and ‘regional jewels’.
Mondelēz International says it will continue to look for complementary acquisitions in emerging markets after acquiring Vietnam’s Kinh Do.
Mondelēz International plans to roll out its Marvellous Creations range across the world and says the platform will draw in $500m in revenues by 2018.
India’s confectionery market is expected to grow by almost three-quarters in four years as the burgeoning middle-class consumes more gums and jellies, and chocolate still dominates.
The launch of oral caffeine strip Reon sees cigarette-making giant Imperial Tobacco diversifying its market attentions and targeting on-the-go urban professionals.
Asia’s cocoa grind dropped 17.2% in the fourth quarter after an economic slowdown in China, adding another cocoa processing decline to the world jigsaw.
Barry Callebaut says it has developed a thermo-tolerant chocolate that can withstand four degrees more heat than a standard chocolate recipe without compromising on taste.
Danish premium chocolatier Michelsen hopes to break into China after teaming with a start-up company that produces hollow Hans Christian Andersen books containing chocolate.
Chocolate maker Mars has invested a total of US$140m in new manufacturing facilities in Saudi Arabia and the UAE to increase production of its Galaxy and Snickers lines.
Cargill has opened its first cocoa processing facility in Asia in the East Java region of Indonesia.
Multinational chocolate manufacturers are failing to cater to Indian tastes and should experiment with spices such as green cumin and saffron, according to India’s only professional chocolate taster.
United Cacao has listed on the London Stock Exchange to set up the world’s largest commercial cocoa plantation in Peru and promises fermentation to buyers’ standards.
The chocolate industry and fairtrade movement are perpetuating poverty in Africa by relying on the continent for it’s agricultural assets rather than manufacturing potential, says Madagascan chocolate maker Madécasse....
Mondelez International has said it will invest $24m (€19.3m) to expand its Gebze plant in Turkey, as the company continues its plan to increase productivity and cut costs.
Mondelēz International will acquire a 80% stake in Vietnam’s leading biscuit firm Kinh Do to spur growth in the rising Asia-Pacific market.
Cocoa powder demand for use in compound confectionery coatings is rising rapidly in Asia and Eastern Europe as rising cocoa butter prices up the cost of chocolate manufacturing.
Wholesale price hikes and product downsizing help Ülker grow net profit in Q3, but export volumes shrink due to instability in Iraq.
Cargill Foods has launched a commercial operation for METNA (Middle East, Turkey & North Africa) to operate under one business sector.