Coca-Cola, Dangote eyeing stake in Ethiopian Sugar industry

ETHIOPIA – In the wake of privatizing Ethiopia’s state-owned sugar plants and properties, heavyweight industry players are joining the race with Coca-Cola Company under its subsidiary in Ethiopia and Nigeria-based Dangote Group expressing their interest. […]

Ferrero opens new distribution centre in North America to support expansion

USA – The Nutella, Tic Tac, and Kinder brands owner, Ferrero has opened a new distribution centre in Pennsylvania, USA, designed to support the confectioner’s rapid growth in North America. The new 730,000 square-foot facility, […]

Mondelez International opens new US$30m candy production line in Canada

CANADA – The multinational confectionery firm, Mondelez International has opened a new CAD$40 million (US$30 million) candy production line at its manufacturing facility in Hamilton, Canada. The investment saw the firm add 15,000 square feet […]

UK food industry makes further progress on sugar reduction

UK – Public Health England (PHE) has published its second-year highlighting the progress made by the food industry to voluntarily reduce sugar in everyday foods-indicating that food manufacturers have scaled up their efforts in the […]

Strauss Group debuts milk chocolate bar with 30 percent less sugar

ISRAEL – Strauss Group, an Israeli food manufacturer has launched refined sweet milk chocolate bar made with 30 percent less sugar, inline with consumer demand for low- and no-sugar versions. Sugar in the product has […]

German confectionery maker Zertus appoints new head of UK & Ireland operations

UK – German based food group, Zertus has appointed Paul Tripp as the new chief executive officer of the company’s operation in the UK and Ireland Snacking & Chocolate Market Unit. Tripp, who assumed office […]

Nestlé launches new KitKat and Yorkie bars with reduced sugar in UK

UK – Nestlé will be introducing new KitKat and Yorkie chocolate bars in the UK and Ireland as it continues to expand its less sugar confectionery ranges. The confectionery giant said that both bars contain […]

RCL Foods reports full year loss amid challenging operating environment

SOUTH AFRICA – The South African consumer goods and milling company, RCL Foods has reported an after-tax loss of R184m (US$12.08m) for the year ending June 2019, as increased pressure on its sugar and chicken […]

French firm Tereos to shut sugar operations in Kenya and South Africa

KENYA – French sugar maker Tereos said Tereos Commodities will close its offices and halt sugar trading in Kenya and South Africa as part of a global review of its strategy. Tereos, which reported a […]

Hershey to acquire One Brands for US$397m to boost nutritional snacks segment

USA – American chocolate giant, The Hershey Company has entered into an agreement to acquire low-sugar and high protein bars maker One Brands for US$397 million. Hershey, which recently made a minority investment in Irish […]