Barry Callebaut achieves traceability of a third of its global cocoa volume

SWITZERLAND – The Swiss cocoa and chocolate company, Barry Callebaut has said that it has established traceability for a third of its global cocoa volume, bringing it closer to achieving its ambitious cocoa sustainability goals. By 2025, the company aims to source 100% of the group’s ingredients sustainably by 2025. This commitment is supported by…

Ethiopian government to privatize 13 sugar factories to improve efficiencies

ETHIOPIA - The Ethiopian government has embarked on the process of privatizing 13 sugar factories that are operational or under construction as it seeks to enhance efficiency and improve productivity. According to Addis Fortune, the ministry of finance and the Ethiopian Sugar Corporation have released a request for information (RFI) which will be used to…

Nestle Australia to launch new Milo without cane sugar

AUSTRALIA – Nestle Australia has announced that it is set to launch a new version of its Milo beverage, made without cane sugar in response to changing consumer needs towards healthier lifestyles. The latest version of Milo has 30% less added sugar and is a result of more than two years of development. According to…

Investment group Orascom to acquire Egyptian Nile Sugar for US$217m

EGYPT - Orascom Investment Holdings (OIH), a diversified investment firm, is set to acquire 100% ownership of the Nile Sugar Company, an Egypt based beet sugar and extraction plant for US$217.1 million (LE 3.76 billion). This follows Orascom board of director’s approval of the transaction details as informed by BDO Financial Consultants, an independent financial…

Agrana and Amalgamated Sugar forms JV to construct US$45m betaine plant

EUROPE – The sugar and starch processing company, Agrana has joined forces with US-based Amalgamated Sugar to build a US$45 million (€40 million) betaine crystallization plant in Austria. Construction of the facility has started at Agrana’s sugar refinery in Tulln and it is expected to be completed in one year. The investment aims to increase…

Dangote Sugar Refinery posts US$96.24m Profit as leading sugar producer in Nigeria

NIGERIA- Dangote Sugar Refinery in Nigeria has reported a profit before tax of US$96.24 million during its full year results for the financial year ended 31st December 2018. The Nigeria Stock Exchange Listed firm grew it revenues to US$418.35 million as it continues to cement its position as the leading sugar producer both by volume…

DMK collaborates with Bahlsen to release ice cream with confectionery pieces

GERMANY – DMK Group is strengthening its partnership with the German food company, Bahlsen to collaboratively launch a new range of ice cream featuring confectionery pieces. Called BAHLSEN ice cream, the new product will be available starting May in 500ml tub at food retailers and then at petrol stations and via home delivery. It comes…

Barry Callebaut inaugurates new unit in Côte d’Ivoire to grow cocoa processing capabilities

CÔTE D’IVOIRE - Barry Callebaut, a leading manufacturer of high-quality cocoa and chocolate products, has inaugurated a new state-of-the-art processing unit in its plant at Abidjan, Côte d’Ivoire. Callebaut said that the new grinding unit at its Zone 4C Société Africaine de Cacao (SACO) plant is part of an overall strategic investment to expand cocoa…

Mars unveils new M&M’s spread-filled hazelnut candies in the US

USA – Global confectionery manufacturer, Mars has introduced new hazelnut spread-filled chocolate candies under its M&M’s chocolate brand in the US. The new M&M'S Hazelnut Spread Chocolate Candies will be available across US stores starting next month. The new product features a hazelnut spread center covered in delicious milk chocolate, offering a delectable combination of…

Nestle rebrands and adds four new variants to Rowntree’s Randoms range

UK – Nestle has launched new variants of Rowntree’s Randoms, its randomly shaped, fruit flavoured sweets alongside rebranding of the Rowntree’s range to enhance a fresh look. The release coincides with the fruit-flavoured sweet range’s tenth anniversary. Sharing bags containing only Squish’ems (squishy foam and fruity jelly in one sweet), Foamies (foamy sweets) and now…