Barry Callebaut expects cocoa prices to gain further this year on supply concerns in top cocoa regions in West Africa and a recovery in global demand. The Swiss-based firm says prospects of weaker output from top grower Ivory Coast have shifted some of the company’s focus to Asia.
Nestlé Dubai plant opens
Cargill, Minneapolis, Minnesota, USA, continues to expand its global reach with the opening of a flavor manufacturing plant in Pinghu, China. The facility, which will allow Cargill to serve customers with flavors for beverage, dairy, confectionery and bakery applications, as well as manufacturing and supply options, will complement the company’s Shanghai flavor application laboratory opened in 2007. Cargill said the… Read more »
Net majority income of Grupo Bimbo SAB de CV in the year ended 31 Dec., 2009, was NP5,956 million (US$466 million), up 38% from NP4,320 million in fiscal 2008. Sales rose 42%, climbing to NP116,479 million (US$9,118 million) from NP82,317 million.
First Nationally Distributed Bread of Its Kind Provides New Way to Incorporate DHA-Omega 3 into Children’s Diets Sara Lee North American Fresh Bakery today announced the expansion of its successful Soft & Smooth bread line with the introduction of its new Sara Lee® Soft & Smooth Plus breads Made with DHA Omega-3. Based on a growing body of scientific evidence,… Read more »
Highlighted by compound annual sales growth of 11% since 2005, Cereal Partners Worldwide “ranks as one of the biggest and best new food companies created in the past 20 years,” said Christopher D. O’Leary, executive vice-president and chief operating officer, international, General Mills, Inc. Mr. O’Leary offered an overview of CPW as part of a wide-ranging presentation by General Mills… Read more »
Chocolate giant Nestle is eyeing continued growth in 2010 following stronger-than-anticipated figures for 2009. It has been reported that the Swiss firm posted full year profits of 10.4 billion Swiss francs (£6.2 billion). The firm, which makes brands including Kit Kat and Nescafe, saw growth across a number of sectors, with only bottled water posting a decline, with a sales… Read more »
Cadbury’s dairy milk chocolate will now sport a “Fairtrade” logo on its redesigned packaging, while retaining the smaller block size it switched to last year. The confectionary maker would also increase the amount of cocoa solids in its product, from 21% to 26%. All of the ingredients in the company’s nine Cadbury Dairy Milk products that could be certified “Fairtrade”… Read more »
Food manufacturer Unilever has threatened that it may be forced to quit the UK under current financial conditions. In an interview with the Daily Mail, Unilever chief executive Paul Polman said that current business conditions, coupled with increasing taxes and regulations, meant the company could become “non-competitive” in the UK. Mr Polman explained: “We do have choices where we put… Read more »
Hotel Chocolat, the 42-store luxury chocolatier, has revealed that its underlying sales rocketed by 14 per cent in the second half of 2009 and that it will open its first stores in the Middle East next month. Angus Thirlwell, the co-founder and chief executive of Hotel Chocolat, said the sales uplift had been driven by a sharper focus on buying… Read more »