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
Load shedding threatens jobs, economic recovery, says consumer body
22/03/2019 - 13:31
Load shedding, which has been escalated to Stage 4, is posing a significant risk to economic recovery, the Consumer Goods Council of South Africa said in a statement, as rotational blackouts continued to grip the country.
Retail sales recover in January after dismal December figures
22/03/2019 - 09:23
Retail spending showed signs of recovery in January, growing 1.2% on an annualised basis, slightly faster than analysts had expected.
4 Digital transformation communication strategies
20/03/2019 - 09:59
If you’re running a business in 2019, digital transformation should be on your mind. It doesn’t matter whether you’re a one-man band decorating cakes at home, or stand at the head of a multi-national corporation with hundreds of employees – it affects you. From how you engage with your customers, issue invoices, to how staff apply for leave or even claim expenses. The key issue for big organisations is without employee buy-in, you will struggle to reap the rewards. Effective communication is the key.
Tips for small business owners to survive load-shedding
20/03/2019 - 09:36
With small businesses already dealing with hikes in VAT and petrol, coupled with decreased consumer spending, load-shedding is a bridge too far, particularly for restaurateurs.
Business counts cost as Eskom battles power shortages
20/03/2019 - 09:14
State utility Eskom will make more power cuts this week as it struggles with capacity shortages that threaten to stymie President Cyril Ramaphosa’s efforts to boost investments and economic growth.