Advertise with fastmoving.co.za
 
 

Lindt & Sprüngli has announced that it will invest CHF 200 million ($201 million) to expand its chocolate production facility in Stratham, New Hampshire.
Lindt & Sprüngli has announced that it will invest CHF 200 million ($201 million) to expand its chocolate production facility in Stratham, New Hampshire.

Lindt & Sprüngli invests $201m to expand US chocolate plant

INTERNATIONAL NEWS

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 

Related News

AB InBev to float Asian business in 2019’s second biggest IPO
22/09/2019 - 10:14
AB InBev will kick off a second attempt to spin off its Asian business in Hong Kong with the launch of an initial public offering (IPO) worth up to $6.6bn that could be the world’s second-largest flotation in 2019.

Samsung and KOO win big at the 21st Sunday Times Top Brands Awards
20/09/2019 - 15:12
Samsung and KOO have been announced as South Africa’s Overall Favourite Brands, winning the Grand Prix Awards in the respective Business and Consumer sectors of the 21st Sunday Times Top Brands Survey.

Embracing workforce transformation in a digital world
20/09/2019 - 13:53
Workforce transformation affects all aspects of business and companies must plan for the impact it is having and will continue to have on operations. Nicol Myburgh, Head of the HR Business Unit at CRS Technologies, says the evolving business landscape means companies must start thinking now about the skills they need for the future.

Digital marketing: multi-touch attribution
19/09/2019 - 13:43
The effective tracking of digital marketing campaigns is not as easy as initially thought. One question that often pops up is: at what point did consumer conversion take place? During a campaign, it’s difficult to attribute this correctly, especially with multiple touchpoints such as display and native advertising, sponsored social posts, video ads on mobile or paid-for search results all running consecutively.

Working towards better data management
17/09/2019 - 11:31
Big data is seeing organisations becoming more mindful of aligning their data management practices with newer paradigms such as data lakes, elastic and cluster computing, and real-time data. As such, the cloud provides an environment capable of managing the volume and scale required to do so.