Lindt & Sprüngli invests $201m to expand US chocolate plant
By Martin White - Jul 26th 2018, 10:04
Chocolate producer Lindt & Sprüngli has announced that it will invest CHF 200 million ($201 million) to expand its chocolate production facility in Stratham, New Hampshire.
New “high-tech” production lines will be added at the plant over the next four years, which will create cocoa and chocolate mass for its premium chocolate products.
Lindt & Sprüngli has approved the upgrade as it seeks to expand its presence in the US chocolate market. The company currently stands as the third largest chocolate producer in the US, following consistent sales growth in recent years.
The company reported that its sales in North America have grown 4% in the first half of 2018, following the strong performance of its Lindt brand in both Canada in the US.
Lindor and Excellence products performed particularly well, while Lindt-owned Russell Stover’s stevia-sweetened chocolate range was also well-received by consumers.
In Europe, product sales rose 5% to CHF 856 million ($862 million), as sales in markets such as Austria, Spain, the UK and the Nordic countries were “well above average”.
Earlier this year, the company invested CHF 30 million ($30 million) to expand the production capacity of its cocoa mass factory in Olten, Switzerland, growing its chocolate production capabilities in Europe.FoodBev
Food and beverages giant PepsiCo makes offer to acquire Pioneer Foods
19/07/2019 - 10:18
In a vote of confidence about SA’s long-term prospects, New York-based food and beverages giant PepsiCo has made an offer to buy Pioneer Food Group, which makes Sasko breads and Ceres juices, in a deal worth at least R25.4bn.
AB InBev offloads Australian unit for $11.3bn
19/07/2019 - 09:03
Anheuser-Busch InBev (AB InBev), which shelved plans to list its Asia Pacific business in Hong Kong, said it will sell Australian subsidiary Carlton & United Breweries (CUB) to Japan’s Asahi Group for about $11.3bn (R157bn).
SAFW competitions offers entry into fashion industry
19/07/2019 - 08:41
It opened the door for David Tlale to showcase his designs at New York Fashion Work, Mmuso Maxwell to supply his garments to retail giant Woolworths and Clinton Lotter to take his work to the UK. Now, South African Fashion Week (SAFW) is once again looking to grow the fashion and creative industry by opening it to emerging designers.
Nestlé finds a new way to sweeten chocolate without added sugar
18/07/2019 - 10:13
Nestlé SA has found a way to create chocolate without adding any sugar, relying on leftover material from cocoa plants for sweetening as consumers look for natural and healthier fare. The food company is using a patented technique to turn the white pulp that covers cocoa beans into a powder that naturally contains sugar.
Amazon offers $10 to Prime Day shoppers for access to their data
18/07/2019 - 09:53
Amazon.com has a promotion for US shoppers on Prime Day, the 48-hour marketing blitz that started recently: earn $10 of credit if you let Amazon track the websites you visit.