Printpack, a US flexible packaging converter, will invest $25.7m to expand its manufacturing operation in Newport News, Virginia, despite closing its Fredericksburg plant last June.
UK chocolatier Thorntons is to concentrate on selling its premium chocolate range through commercial channels and will also explore international markets after its earlier focus on own-store sales helped profits to slump.
Egypt’s confectionery market will slump over the next two years spurred by political and economic unrest, but manufacturers can create appeal with NPD of low-cost, healthier products, according to an industry expert.
Ferrero has announced plans to build a new factory in Turkey in the province of Manisa to leverage its position in a confectionery market that has grown 120% since 2004, according to figures from Mintel.
Sustainable cocoa production and standards were the focus of the
first meeting of a working group for the Roundtable on a
Sustainable Cocoa Economy (RSCE), organised last month by the
International Cocoa Organisation.
