Posted by Turgut Ziyal on Monday, October 31, 2011,
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Ferrero has announced plans to build a new factory in Turkey in the province of Manisa to strenghten its position in Turkish confectionery market that has grown 120% since 2004, according to figures from Mintel. The news comes just a few days after the Italian group opened a production site in India, another emerging confectionery market with huge potential. Turkey is not only a strategic country for Ferrero as a supplier of commodities but also as a growing domestic market. The investment ... Continue reading ...
Posted by Turgut Ziyal on Friday, July 8, 2011,
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A four-year long partnership between chocolate powerhouse Hershey and the Godrej Group in India has been disbanded, according to media reports. Both sides mutually agreed to call off the joint venture, which was kickstarted in 2007; furthermore, the US confectioner will sell its 51 per cent stake to Godrej Consumer Products for an undisclosed sum, reports The Economic Times of India. However, Godrej’s general manager, Isha Iyer said the media reports were “speculative” and that, as a po... Continue reading ...
Posted by Turgut Ziyal on Friday, July 8, 2011,
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Kraft is modifying the marketing strategy for a number of its brands, in a bid to connect with younger, digitally-engaged consumers.The company, which owns Cadbury, Kool-Aid and Oreo, is attempting to adopt a more interactive approach for ranges such as Athenos, Mac & Cheese and Miracle Whip. In an example of the organisation's new model, it will roll out a nationwide advertising campaign for Miracle Whip. As part of this scheme, Kraft is to run a competition through which it plans to help cou... Continue reading ...
Posted by Turgut Ziyal on Friday, July 8, 2011,
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Unilever announced changes to its category and go-to-market structure to further support its growth plans, especially in its fast-developing businesses in the emerging markets. The new structure allows for a more efficient rollout of increasingly bigger and more scalable innovations, and the optimization of resources behind strategic priorities.
“Unilever now has over half its turnover in the emerging markets, where, over the last 10 years, growth has been close to double digits. We have a... Continue reading ...
Posted by Turgut Ziyal on Friday, July 8, 2011,
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Nestlé, the food group, is heightening its focus on Africa in a bid engage the region's new generation of "emerging consumers". Speaking to Bloomberg, Frits van Dijk, the firm's zone director for Asia, Oceania, Africa and the Middle East, argued economic growth and associated trends were exerting a profound effect. "We are very bullish about the African continent," he said. "The continent will soon have a billion people, and while admittedly income levels are very low, they are rising." Over ... Continue reading ...
Posted by Turgut Ziyal on Thursday, May 5, 2011,
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Polish Confectionery manufacturer Wawel is reportedly planning a new investment on a plot recently purchased for €498,000, located near its current production facility in Dobczyce.
The company’s chairman, Dariusz Orlowski, notes that the investment will begin in 2012, and will be completed in 2013 and is likely to include a new production facility. According to Retail Poland, Wawel also plans to invest €6.2 million this year to expand a machine park in Dobczyce, in order to increase pr... Continue reading ...
Posted by Turgut Ziyal on Thursday, May 5, 2011,
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The Skinny Cow brand, which is owned by Nestle USA, has extended its product line into the confectionery segment with the introduction of Skinny Cow Dreamy Clusters and Skinny Cow Heavenly Crisp bars. A serving of each new product has 110 calories to 120 calories.
The Clusters are bite-size crisps covered with caramel and milk chocolate or dark chocolate. The bars are wafers layered with chocolate or peanut butter and coated with chocolate.
The new products are available in the US for a sug... Continue reading ...
Posted by Turgut Ziyal on Thursday, March 17, 2011,
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Despite a huge World Cup marketing campaign and a big drive to reduce saturated fats in the bar, Mars has fallen 20 places on the list of top brands compiled by The Grocer. Its sales fell 14.2% to £102.1 million, a £17m reduction in value. The actual Mars bar saw declining sales of 6% while Mars Delights and Mars Planets also showed poor performances alongside the novelty and Easter ranges. By contrast, sales of all other leading chocolate confectionery brands have risen.
Coca-Cola topped ... Continue reading ...
Posted by Turgut Ziyal on Sunday, March 13, 2011,
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Executives at US food group Kraft have been recalled by the UK parliament’s Business, Innovation and Skills Committee to give evidence again in relation to certain aspects of the controversial takeover of Cadbury last year. Kraft’s protracted pursuit and eventual £11.5bn takeover of Cadbury, eventually approved by the latter’s board in January, angered politicians and public alike, when the US group reversed a pledge, made during its bidding for the UK confectioner, to maintain 400 job... Continue reading ...
Posted by Turgut Ziyal on Thursday, February 24, 2011,
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Kraft, the food giant, believes enhancing the quality and performance of its marketing is the "single biggest" factor that can fuel future growth. Speaking at the Consumer Analyst Group of New York conference, Irene Rosenfeld, Kraft's chief executive, summarised the corporation's objectives. "Our focus today is squarely on driving growth from our position as a global snacks powerhouse, combined with our unrivalled portfolio of regional power brands," she said. Collectively, these products cont... Continue reading ...
Posted by Turgut Ziyal on Wednesday, February 23, 2011,
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Two of the leading global food and beverage companies reported their 2010 financial results in the first two weeks of February. Both Unilever and Kraft Foods reported strong growth in their net sales, but profit margins remained largely flat, impacted by a number of factors.
The increase in input costs, the still weak economies in core developed markets and tough competition in terms of pricing, particularly from private label products, were the main issues impacting most industry players.
Re... Continue reading ...
Posted by Turgut Ziyal on Monday, February 21, 2011,
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Despite robust overall growth, Kraft is still suffering from costs associated with its £11.5bn Cadbury purchase, according to Kraft's full-year accounts. Overall organic revenue (which excludes mergers, takeovers, acquisitions and borrowing) grew 3.5%, but Kraft suffered a 26.2% negative impact on net revenue from the Cadbury acquisition in the fourth quarter of 2010 alone, compared with Q4 2009. High sugar, corn and cocoa costs also hit results, as the multi-national producer of Philadelphi... Continue reading ...
Posted by Turgut Ziyal on Monday, February 21, 2011,
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Nestle will use price increases as a last resort in the face of rising raw material costs, says its CEO, and only after implementing its 4-point strategy based on trend predictions, engaging suppliers, replacing ingredients, and cutting down waste.
Nestlé reported full year sales of CHF109.7bn, representing 6.2 per cent organic growth and 4.6 per cent real internal growth. Growth was seen across all product categories, and across all geographies. Nestlé is predicting organic growth of b... Continue reading ...
Posted by Turgut Ziyal on Thursday, February 10, 2011,
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The decision officially was announced by the management of sara Lee this Friday afternoon that the group Sara Lee will be divided into two independent companies during the year 2012. Dismantling considered for some time will thus lead to the creation of two completely independent companies. In this context the group has refused acqusition offers from varios groups. Continue reading ...
Posted by Turgut Ziyal on Monday, January 17, 2011,
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Campbell Soup Company is seeking to enhance its position in China and exploit shoppers' changing habits. The US firm is forming a joint venture with Swire Pacific, which is based in Hong Kong and has previously distributed some of Campbell's products. Campbell's estimated that 355bn servings of soup are consumed in the world's most populous nation every year, but nearly all of them are home made. When combined with the rapid expansion of the middle class, and the heightened desire for convenie... Continue reading ...
Posted by Turgut Ziyal on Monday, January 17, 2011,
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Starbucks is seeking to establish a presence in India, a market it believes could ultimately rival China in importance. The US multinational has signed a memorandum of understanding with Tata Group, a conglomerate active in sectors from the auto industry to consultancy. Tata Coffee is one of the country's biggest coffee producers, and owns the Eight O'Clock Coffee grocery brand, created by US retailer A&P in 1859, acquired from Gryphon Investors in 2005. Howard Schultz, Starbucks chief executiv... Continue reading ...
Posted by Turgut Ziyal on Monday, December 13, 2010,
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Nestlé has opened a US $136m manufacturing facility in Dubai which will be the third largest Kit Kat plant worldwide. The facility aims to serve Nestlé markets across the region, manufacturing Nestle brands such as Nido Milk and bottled water.
Yves Manghardt, chairman and CEO of Nestlé Middle East said: “With such a facility we will be able to meet the fast-rising regional demand and eventually contemplate exporting to other regions.”
Nestlé gets about a third of its revenue from... Continue reading ...
Posted by Turgut Ziyal on Monday, December 6, 2010,
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The Hershey Company has sued Mars for allegedly mimicking the packaging design of its Reese’s Peanut Butter Cups by using a similar orange color and pack design for Dove peanut butter milk chocolate Promises. Mars filed a preemptive lawsuit last Monday in the US District Court for the Eastern District of Virginia, asking a federal judge to dismiss Hershey’s claims, just days before Hershey filed its trademark infringement suit against Mars in the US District Court for the Middle District ... Continue reading ...
Posted by Turgut Ziyal on Monday, December 6, 2010,
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Kraft Foods is transferring part of the Cadbury business from UK to Switzerland in a move which could see it paying less corporation tax. The transfer of certain roles within Cadbury to Zurich would enable the company to save on UK tax bills, though Kraft confirmed that the move would not significantly affect Birmingham-based Cadbury's UK staff.
The rate of corporation tax in Zurich starts at 15 per cent, which compares favourably with the 28 per cent levied on companies in the UK. In Jun... Continue reading ...
Posted by Turgut Ziyal on Wednesday, December 1, 2010,
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Nestle has unveiled its plans to push sales and encourage growth for Easter 2011 in UK.
The chocolate manufacturer has announced that novelty and impulse lines will be leading the seasonal line up for 2011, a key sales period for confectionary.
Next year will see the launch of an Aero Lamb and Smarties Spring Friends including a hollow chocolate chicken and egg filled with Smarties.
Targeting children and their parents, the Easter range hopes to capitalize on impulse gift purchases over th... Continue reading ...
Posted by Turgut Ziyal on Wednesday, November 24, 2010,
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According to a report by Moody's Investors Service, most of the global packaged-foods companies are well-placed for earnings growth and expansion as the economy recovers from recession. The report, Packaged-Foods Industry Shifts Priorities, says that the global packaged-foods industry is shifting focus from protecting shareholder value through internal restructuring, cash conservation and organic growth toward enhancing shareholder returns through acquisitions, stock repurchases and cash di... Continue reading ...
Posted by Turgut Ziyal on Thursday, October 14, 2010,
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Interbrands announced the top 100 global brands as usual. Among the top 100 there are 18 food and beverage brands (including alcoholic beverages). below you can see these brands with their rank: Coca Cola (1) Pepsi (23) Nescafe (27) Budweiser (30) Kelloggs (35) Heinz (46) Nestle (57) Danone (58) KFC (60) Sprite (61) Jack Daniels (78) Pizza Hut (83) Corona (85) Smirnoff (89) Johnnie Walker (92) Heineken (93) Starbucks (97) Campbell's (99) There is also a good analysis of the food and drink industry in "the 2010... Continue reading ...
Posted by Turgut Ziyal on Friday, October 8, 2010,
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PepsiCo is to place more emphasis on producing products "backed by science" under its plans to create a nutrition business unit to develop new products in a series of food categories. PepsiCo builds a "global nutrition group" to "deliver breakthrough innovation" in fruit and vegetables, grains, dairy and functional foods. The unit, chairman and CEO Indra Nooyi said, will allow the company to achieve its goal of turning a US$10bn company into a $30bn nutrition business by 2020.
"As we move ... Continue reading ...
Posted by Turgut Ziyal on Tuesday, September 28, 2010,
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Nestlé announced the creation of Nestlé Health Science S.A. and the Nestlé Institute of Health Sciences to pioneer a new industry between food and pharma. These two separate organisations will allow Nestlé to develop the innovative area of personalised health science nutrition to prevent and treat health conditions such as diabetes, obesity, cardiovascular disease and Alzheimer's disease, which are placing an unsustainable burden on the world's healthcare systems.
Nestlé Health Science ... Continue reading ...
Posted by Turgut Ziyal on Monday, September 20, 2010,
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Kellogg's is the top packaged food brand according to Interbrand's latest annual ranking of the 100 "Best Global Brands".
The cereal company was ranked number 35 - down one on a year earlier - in a study that analysed the value of global brands, studying their financial performance, their role in the purchase decision process and the strength of the brand to continue to secure earnings for their owner.
Other food manufacturers on the list include Heinz at 46, up two places on the previous... Continue reading ...
Posted by Turgut Ziyal on Tuesday, September 14, 2010,
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Cargill said its planned investment of $5m over the next three years in sustainable cocoa initiatives will help address the worst forms of child labour in cocoa growing communities in the Ivory Coast and Ghana.
The cocoa and chocolate ingredients supplier Cargill announced that it is collaborating with non-governmental organisation, CARE, on a new programme of activities including improving access to education and basic services, as well as the promotion of best practice crop management. ... Continue reading ...
Posted by Turgut Ziyal on Thursday, July 22, 2010,
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PepsiCo has opened a R&D centre next to its Frito Lay factory in Kocaeli an industrial province of Turkey in northwest.
It is understood that the company selected Turkey to build the centre as the market is seen as of strategic importance given its young population and its geographical location in between continents. The R&D centre is expected to serve PepsiCo's markets in Southeastern Europe and employ 15 people. Continue reading ...
Posted by Turgut Ziyal on Tuesday, July 13, 2010,
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Campbell Soup Company outlined long-term growth plans for its core businesses in healthy beverages, baked snacks and simple meals during a meeting with investors. Mr.Douglas R. Conant, Campbell’s President and CEO, revealed company’s strategies, recent performance and key success factors.
Mr. Conant outlined Campbell’s key success factors for long-term growth:
- Drive superior sales growth in healthy beverages and baked snacks through increased innovation, including wellness, and h...
Continue reading ...
Posted by Turgut Ziyal on Monday, May 10, 2010,
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Consumer goods giant Unilever Plc/NV expects its strong sales volume growth in Western Europe to slow later in 2010 after pushing up prices as commodity costs start to rise again, its western European chief executive said.
Western Europe accounts for 30 percent of Unilever Plc/NV's global sales and the region has turned in four successive quarters of positive underlying volume growth as it looks to reinvigorate these mature and sluggish markets.
"We see a continuation of volume growth in 20... Continue reading ...
Posted by Turgut Ziyal on Thursday, April 1, 2010,
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Nestle has opened a new a production facility for powdered milk and a packaging unit for imported Mackintosh's Quality Street chocolates.
Located in Dubai's TechnoPark, the facility will also manufacture chocolates and wafers later this year. In addition, Nestle Pure Life bottled water will also be produced and distributed from the facility.
Yves Manghardt, Chairman and CEO of Nestle Middle East, commented: "The production capacity of the new facility will be more than 100,000 tons per year... Continue reading ...
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About This Blog:
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In this blog I try to compile the news related with food industry. This includes food companies, retailers, ingredients, regulations, mergers&acqusitions and others. In each post I try to designate the source of the news and add a link to the original document.
I hope you find it useful. For any comments please feel free to send me an email (turgut@getfoodnews.com). You can post your comments inside the boxes appearing at the end of each posting when clicked the headline.
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