Cadbury Nigeria returns to profit with 10.6% rise in revenue

NIGERIA – Cadbury Nigeria, a snack and confectionery arm of Mondelez International has ended the nine months to September 30 with a profit of US$474,100.80 from a loss of US$176,409.60 it reported last year in the comparable period. According to Business Day Online, revenue for the period increased 10.6% to US$74.3 million, an increase from…

Ferrero USA invests US$9m to expand New Jersey plant

USA - Ferrero USA, the global confectionery company known for brands such as Ferrero Rocher, Nutella, Tic Tac and Kinder Joy, announced the US$9m expansion of its industrial facility located in Franklin Township, Somerset, N.J. According to the company, its US debut in November 2017 of Kinder Joy surpassed all Ferrero and industry targets for…

TasteTech launches new Gum Kit to help manufacturers create longer lasting chewing gum

UK – TasteTech, a leading manufacturer of controlled release flavourings and ingredients for the global food industry, has launched a new Gum Kit specifically designed to help chewing gum manufacturers create longer lasting chewing gum. According to FoodingredientsFirst, TasteTech offers creative solutions to the bakery, confectionery, chewing gum and nutrition industries with a range of…

Mondelēz International commits to making all packaging recyclable by 2025

USA - Mondelēz International, an American multinational confectionery, food, and beverage company, has announced a new commitment to make all packaging recyclable and provide recycling information by 2025. According to the company, it will work in partnerships so that packaging can be collected and recycled in markets around the world, as part of the company’s…

Kenyan confectionery firms lose US$1.3m in export earnings from sweet row

KENYA - Local sugar confectionery firms have lost US$1.34 million in export earnings in the six months ended June, reflecting the impact of trade war between Kenya and Tanzania, reports Business Daily. According to Kenya National Bureau of Statistics (KNBS), earnings from sugar confectionery that is, sweets, biscuits and chocolate fell to US$23.57 million from…

Nestle launches new range of fruit and vegetable nut bars in the UK

UK – Nestle, a Swiss transnational food and drink company, has launched new snacks brand in the UK this month with a range of fruit and vegetable and nut bars specially crafted to be both delicious and wholesome. According to the company, the new YES! bars remove the compromise and deliver a tasty snack by…

Mars, Nestle and Unilever pledge to join Saudi Arabia’s Healthy Food Strategy

SAUDI ARABIA - Leading global food and beverage manufacturers; Mars, Nestle and Unilever, as well as importers have signed a voluntary pledge with the SFDA that includes reducing sugar, salt and fat content The Saudi Food and Drug Authority (SFDA) launched its Healthy Food Strategy at a ceremony last week, held under the patronage of…

Hershey unveils expandable tractor trailer to improve snacks distribution across the country

USA - The Hershey Company, an American company and one of the largest chocolate manufacturers, has unveiled its new 53-foot, expandable Mobile Customer Insights Center (MCIC) tractor trailer. The company revealed the trailer during a ribbon-cutting ceremony at Hershey’s headquarters, and that the MCIC will take Hershey’s shopper insights and snacks category expertise directly to…

Britannia approves 1:2 share split to enhance stock affordability and liquidity

ASIA - Britannia Industries’ board has approved share split in the ratio 1:2 to make stock more affordable for the small retail investors and increase liquidity. According to ET Retail, the division which awaits approval of the members and authorities will see authorization of 250m shares worth US$7.14mn in share capital besides 120.1m equity shares…

Mondelez International reports significant progress against the 2020 impact goals

USA – Mondelēz International, an American multinational confectionery, food, and beverage company, has reported important progress against its 2020 impact goals in its 2017 Impact For Growth Progress Report recently released. According to the company, the report details progress against sustainable agriculture and environmental footprint goals, as well as global expansion of healthy lifestyle and…