In the wake of the climate discussions in Bonn, the leading cocoa and chocolate companies signed together with the Ivorian and Ghanaian governments the Frameworks for Action of the Cocoa and Forest Initiative on 16 November.
The frameworks include an end to the conversion of any forest land for cocoa production, a moratorium on the direct sourcing of cocoa from national parks and reserves per 1 January 2018 and the development of an action plan by signatory companies and governments to eliminate cocoa production and sourcing from National Parks and Reserves.
In addition, the framework also foresees in the development of alternative livelihoods for affected farmers. Many cocoa farmers have been farming for years in the forests, so alternative livelihoods have to be found for this group of farmers. Deforestation is as much a social problem in West-Africa, as it is an environmental problem.
In line with the high demand on the exhibitor side, Anuga FoodTec is again increasing its exhibition space in 2018 up to 140,000 square metres (+ 8%) and is being staged in Halls 4.2, 5.2, 6 to 9, 10.1 and, for the first time, additionally in Hall 10.2. The trade fair is also presenting itself in good form in terms of its degree of internationality: Companies from more than 50 countries will be presenting their new products in Cologne. In addition to the comprehensive product show, which encompasses large-surface live presentations, a wide-ranging congress and event programme also awaits the trade visitors again. The top theme of Anuga FoodTec 2018 is Resource Efficiency.
The Sigpack VPF (Vertical Platform for Flat Pouches) from Bosch Packaging Technology, the first freely scalable flat pouch machine, has been honoured with the German Design Award 2018 in the Excellent Product Design category.
The Sigpack VPF represents an innovative concept for the filling of flat pouches with powder products such as sugar: The equipment stands out because it breaks new ground in terms of flexibility. Manufacturers from the food and pharma industries will be able to scale production from two to twelve lines and/or to change pouch sizes quickly in order to meet current market demands. A further benefit of the Sigpack VPF is its innovative dosing system, whereby each line has its own dosing chamber and its own stock of product. This means, for example, that two products can be filled on the same machine at the same time.
Following the first half of 2017, when the figures recorded in all end-use segments were slightly lower than in the previous year, a considerable increase in order intake in the folding carton industry is leading to a substantial upturn in business during the autumn.
The major markets neighbouring Germany to the West, South and East have succeeded in achieving even larger production growth up to now. In view of the existing manufacturing capacities for folding carton board based on virgin fibre, an “order situation” that continues to be “good” and high capacity utilization levels experienced by board manufacturers, increases in demand in other European markets have meant that the lead times quoted to German folding carton manufacturers for virgin fibre grades have extended considerably in the recent past.
At the same time, monitoring of key factor markets for folding carton production and board manufacturing indicates rising raw material prices. Folding carton manufacturers are facing peak raw material prices and delivery bottlenecks with other important materials (printing inks and lacquers) too. This is combined with a shortage of freight capacity in both long- and short-distance transport, which is also having an adverse impact on delivery times and costs in the supply chain. According to the forecasts, the processors of paper and board are anticipating good to growing production and positive ongoing business development in the next few months as well, since it is expected that consumers will continue to be willing to spend and that consumer confidence will remain high – thanks in part to the fact that the economy is still developing well.
“We continued our growth initiatives in the third quarter, which led to a successfully expanded market position,” said Dr Heinz-Jürgen Bertram, CEO of Symrise AG. “We consider the strong sales growth as a result of our unique positioning. The targeted investments into the product portfolio, research and development and new markets support our strategy. We are confidently looking ahead to the remaining weeks of the year. Our guidance for 2017 remains in place and we also confirm our long-term targets. We are committed to continue as one of the fastest-growing companies in the industry and to operate highly profitable.”
The new bars are a caramelized creme that feature salty peanut and pretzel bits to give consumers a sweet, buttery taste that is topped off with a creamy and crunchy finish. Hershey’s flavour history began in 1900 with the launch of its iconic milk chocolate bar, followed by Hershey’s Special Dark chocolate in 1939. It wasn’t until 1995, 56 years later, that the company introduced Hershey’s Cookies ‘n Creme. Now in 2017, the iconic Hershey’s brand launched Hershey’s Gold, the first mass-market, golden creme confection in the US.
“The buttery, sweet taste of Hershey’s Gold bars provides an entirely new way for consumers to enjoy our brand,” said Melinda Lewis, senior director/general manager, Hershey’s Franchise at The Hershey Company. “We use a proprietary cooking process to transform the white creme into a golden bar by caramelizing the creme, which helps maintain a sweet, creamy taste. The launch of Hershey’s Gold will introduce Americans to a new flavour and a new experience unlike any others before.”
After serving as Chief Financial Officer of the Barry Callebaut Group since February 2007, Victor Balli (born 1957) has decided to retire from his executive function effective February 28, 2018. The Board of Directors has appointed Remco J. Steenbergen (born 1968, Dutch national) as new CFO and member of the Executive Committee effective March 1, 2018.
The Board of Directors and the Executive Committee express their gratitude to Victor Balli for his valuable contribution over a period of eleven highly successful years during which Barry Callebaut has become the global leader in cocoa and chocolate.
The Barry Callebaut Group increased its sales volume by 4.4% to 1.914 m tonnes in fiscal year 2016/17 (ended August 31, 2017), which is well above the global confectionery market growth rate of 0.1% (source: Nielsen, August 2016 to September 2017 – 26 countries).
Sales revenue was up 1.2% in local currencies (+ 1.9% in CHF) to CHF 6.805 bn, as a result of a good product mix, offset by lower cocoa bean and cocoa product prices. Gross profit increased by 14.6% in local currencies (+ 14.3% in CHF) and came in at CHF 986.7 m, mainly driven by volume growth, the product and customer mix, as well as the restored profitability of the Global Cocoa business.
Operating profit (EBIT) significantly increased by 22.3% in local currencies (+ 21.5% in CHF) and amounted to CHF 488.2 m. Recurring operating profit, excluding a one-off effect of CHF 18.1 m from acquisitions, increased by 17.8% in local currencies (+ 17.0% in CHF) to CHF 470.1 m. Overall, the Group’s recurring EBIT per tonne, excluding one-off effects from acquisitions, was at CHF 245.6, an increase of 12.9% in local currencies (+ 12.1% in CHF). Net profit for the year increased by 39.6% in local currencies to CHF 302.9 m (+ 38.3% in CHF). Recurring net profit increased by 31.3% in local currencies (+ 30.1% in CHF). According to Barry Callebaut, this is a reflection of the strong EBIT, a stable tax rate and lower financing costs.
Prior to joining Naturex as CSO, she worked for DuPont Nutrition Biosciences. Throughout her career, Ms Martin has held various leadership roles in The Dow Chemical Company, Solae and DuPont groups. Her lengthy industry experience has enabled her to develop expertise and leadership in areas such as processing technology, R&D, intellectual property and project management.
"We're pleased with our improving revenue growth, driven by the strength of our Power Brands, continued momentum in emerging markets and Europe," said Irene Rosenfeld, Chairman and CEO. "We posted another quarter of strong expansion in operating income margin and earnings. We're making good progress on many of our key strategic initiatives and remain confident in our ability to deliver long-term, sustainable growth on both the top and bottom lines."