News briefs: Russian nuts, gum and Hershey
Nut manufacturers no longer face Russian import duties; a new gum
product is marketed at overall mouth health; and Hershey appoints a
new executive board.
News briefs: Hershey, Wrigley and Cadbury
Hershey may remove mint packaging that looks like drug pouches;
Wrigley's credit rating is improved by analyst; and internet viewer
vote the Cadbury gorilla ad the best commercial of 2007.
News briefs: Hershey, factory fire and brain power
Hershey may be forced to withdraw mint pouches; A chocolate factory
fire kills a worker in Denmark; and yet another book promotes the
health benefits of dark chocolate.
News briefs: Zetar, Hershey and Wrigley Israel
Young confectionery company Zetar forecasts strong profits, Hershey
changes its directors and Wrigley Israel denies moving into the
Hershey's profits plummet
Hershey said yesterday that third quarter margins fell a massive 13
percentage points from the same period in 2006, as a result of
tough competition in the premium chocolate market and rising milk
News briefs: Wrigley, Hershey, China
More ConfectioneryNews.com stories, in a nutshell: Wrigley
strengthens European focus; Hershey enters credit agreement; and
further problems for Chinese products.
High dairy prices affect Hershey's earnings
High dairy prices meant Hershey's operating margins fell
to 3.1 per cent for the quarter ended 1 July, compared to 17.3
per cent for the same period in 2006.
Partnership completed between Barry Callebaut and Hershey
Swiss based Barry Callebaut will start delivering chocolate to
Hershey in North America within the next few months, following the
completion of the partnership this week.
Hershey hit by higher dairy costs
US chocolate giant Hershey has been forced to revise its full year
trading expectations in the wake of higher dairy costs and greater
investment for the global firm.
Hershey and Barry Callebaut join forces
Chocolate giants Hershey and Barry Callebaut, have teamed up for a
landmark partnership which will see the Swiss cocoa producer
providing the raw material for Hershey's chocolate products and
expanding facilities in South America.
Hershey dark chocolate growth boosts sales
US based chocolate giant Hershey may have successfully taken
advantage of the consumer trend for dark chocolate but work still
remains to be done to reinvigorate core brands.
Hershey ups prices to offset costs
US chocolate manufacturer Hershey has announced it is to raise
prices on its domestic confectionery line to offset the rising cost
of ingredients, such as corn syrup, and packaging materials.
Hershey builds on health portfolio
US chocolate manufacturer Hershey is adding to its health-boosting
chocolate range with two new products designed to capitalise on
cocoa's antioxidant properties.
Hershey eyes expansion with new restructuring scheme
US chocolate maker Hershey has embarked on a three-year
restructuring plan to further increase the company's global
footprint and allow it to outsource production of low value-added
Hershey joint venture targets Chinese sweet tooth
US Confectioner Hershey is to form a joint venture with Korean
counterpart Lotte Confectionery, as it looks to enter the dynamic
Chinese chocolate market to offset declining domestic sales.