Posted by Turgut Ziyal on Friday, July 8, 2011,
In :
companies
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 ...
Dancake joint ventures with Indian Phandis
Portuguese confectionery and cake company Dan Cake has entered into a joint venture with Indian Phadnis Group. The new production facility will have five production lines focused on family cakes, butter cookies, Swiss rolls, cup cakes and lady fingers. The total production capacity of the plant in India is expected to be 10 tonnes per day in a 24-hour shift.
“To enter the Indian market at the earliest, we are considering initial production near Khopoli till our Chakan plant is fully functi... Continue reading ...
PERFETTI INDIA ENTERS SNACK BUSINESS
Posted by Turgut Ziyal on Thursday, May 5, 2011,
In :
confectionery
The Indian subsidiary of the international confectionery company Perfetti Van Melle has entered the snacks business with the launch of a new range called ‘Stop Not’.
It is the first country in the Perfetti Van Melle group to diversify its product portfolio to include ready-to-eat, packaged salty snacks.
Sameer Suneja, managing director of Perfetti Van Melle India, says, “Salty snacks is a very exciting and challenging category to be in. The category has seen a lot of action in the las... Continue reading ...
Kraft introduces Oreo in India
Posted by Turgut Ziyal on Sunday, March 13, 2011,
In :
confectionery
Cadbury India, as part of the Kraft Foods Group, is to introduce the Oreo biscuit brand to India. The introduction marks the entry into a new category in India. “Oreo is the number one biscuit in the world by value and enjoys market leadership in many markets including the US and China,” says Anand Kripalu, president, South Asia & Indo-China, Kraft Foods, and managing director, Cadbury India. He adds, “Introducing Oreo marks the beginning of our journey in this growing category. The Ind... Continue reading ...
Starbucks enters India with Tata Group
Posted by Turgut Ziyal on Monday, January 17, 2011,
In :
companies
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 ...
Cadbury India expands its capacity
Posted by Turgut Ziyal on Wednesday, November 24, 2010,
In :
confectionery
cadbury has confirmed that it will expand the production capacity for its confectionery portfolio in India.
Managing director Anand Kripalu said that capacity is a "challenge" for the firm and that Cadbury will be looking to "drive up volumes". Kripalu said the expansion will take place at the company's existing six facilities in India but declined to comment on investments and any additional output. Asked if Cadbury will be selling more products from Kraft portfolio, Kripalu said: "As of n... Continue reading ...
Perfetti increases capacity in India
Posted by Turgut Ziyal on Friday, October 1, 2010,
In :
confectionery
Perfetti van Melle is set to increase capacity in a plant in southern India as its two year long marketing efforts pay dividends in terms of its gum and éclair market penetration, according to a report in the Hindu Business Line.
Current 17,000 tonne capacity of its Chennai facility will be bolstered by over 50 per cent, claims managing director of PVM India, Sameer Suneja, The current capacity for the company in India is 70,000 tonnes, with manufacturing bases in two other locations in No... Continue reading ...
McCormick partners with "Eastern Condiments" of India
US spice manufacturer McCormick & Co.has bought a minority stake in Indian spice and seasoning business in Indian firm Eastern Condiments. McCormick announced that it had paid around US$35m to buy 26% stake in Eastern Condiments.
Mr.Alan Wilson, President and CEO of McCormick said: "This partnership is an important opportunity for McCormick to participate in the rapid growth of the India food market as consumers seek high-quality, more convenient packaged foods."
Eastern, which generated... Continue reading ...
Carrefour opens first store in India
Posted by Turgut Ziyal on Friday, June 11, 2010,
In :
retail
Carrefour's first Indian outlet will be opened in the country's capital, Delhi, by the end of next month. The 55,000 square feet shop would be located at the Metro Mall complex in the Seelampur area of east Delhi and would offer 30,000 products.
Under current Indian government regulations it can operate only as a wholesaler. “We are going full steam to register the clients, who would be small shop owners and hotels,” the spokesperson said. “We are approaching them all over the city bec... Continue reading ...
Hershey's India JV launches chocolate products
Posted by Turgut Ziyal on Friday, June 11, 2010,
In :
confectionery
Hrshey's Indian joint venture Godrej Hershey is reported to be introducing chocolate products into Indian confectionery market. The JV was established in 2007, and it was focused on mainly food and sugar confectionery products in India.Hershey holds 51% of the joint venture. The JV has already introduced a chocolate syrup into the Indian market from Hershey's portfolio.
According to Euromonitor reports that the growing Asian economies and rising consumer affluence have resulted in consumer... Continue reading ...
Carrefour enters India strongly
Posted by Turgut Ziyal on Wednesday, May 12, 2010,
In :
retail
Carrefour, the world's second largest retailer, has secured four properties in four cities across India and plans to set up 4 to 5 cash-and-carry stores by the end of 2010. Carrefour has signed for properties averaging about 100,000 square feet each in New Delhi, Bangalore, Chennai and Hyderabad and is in the process of signing up a fifth property in Mumbai, the sources said.
The company has set up two entities in India, Carrefour WC&C India Pvt Ltd to run cash-and-carry business and Carrefo... Continue reading ...
Innovative sampling from Perfetti Van Melle India
Posted by Turgut Ziyal on Monday, April 12, 2010,
In :
confectionery
Dutch-Italian confectioner Perfetti Van Melle has developed an innovative way of distributing 200,000 samples of its Mangofillz confectionery in Mumbai: hiring traditional lunch deliverers – the famous ‘Dabbawalas’ – to hand them out.
Nikhil Sharma, Perfetti India's senior controller, marketing, said: “Dabbawalas pretty much play the role of the shopkeepers. We made a tie-up with their association, and have the samples of our new product distributed through their network against ... Continue reading ...
Danone launches flavoured milk in India
Posted by Turgut Ziyal on Tuesday, February 16, 2010,
In :
dairy
Danone has launched a flavoured milk under Choco Plus brand in India, which is the first dairy launch of Danone in the country. The 200ml product is priced at INR16 (US$0.13) and is being produced in a dairy product plant based in Pune, near Bombay.
Danone has also announced plans to double the production of dairy products at its new plant in Thailand in order to push into other south-east Asian markets as early as next year.Danone realizes 40% of its sales in emerging markets.
In April, Danon... Continue reading ...
Nestle India confirms interest in Speciality Foods unit
Nestle India has confirmed that it is mulling a proposal that would see the company take ownership of the healthcare and nutrition business of Speciality Foods. In a note to the Bombay Stock Exchange, the Indian unit of the Swiss food giant said that its board was meeting on 7 December to consider a possible deal.
Speciality Foods' healthcare nutrition business includes such brands as Resource, Optifast and Spert.
Source: just-food.com Continue reading ...
Cadbury to boost adspend levels in India
Posted by Turgut Ziyal on Monday, November 30, 2009,
In :
confectionery
Data sourced from Hindu Business Line; additional content by Warc staff, 27 November 2009
Cadbury, the confectionary giant, plans to greatly increase its advertising expenditure levels in India, as it seeks to drive growth in the country.
The UK-based firm posted sales of 1,587 crore rupees in the Asian nation last year, and is aiming to improve its revenue levels there by 20% on an annual basis going forward.
Currently, the typical consumer in the rapidly-developing economy eats just 54 grams ... Continue reading ...
Private Label grows in India
Posted by Turgut Ziyal on Thursday, November 12, 2009,
In :
private label
A new report from Datamonitor suggests that private label products are posing a threat for FMCG companies in India.
According to the consumer survey, The Impact of Private Labels on FMCG Companies in India, consumers now perceive these store brands as offering comparable quality to national brands in addition to their value propositions.
Indian retailers are emphasising the growth of their private label brands, which is resulting in margin expansion and providing greater bargaining power i... Continue reading ...
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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.
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