Enhanced search
 

News

News per page:
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15  Next | Last
 
  09/04/2021 | Ingredients

Ghana president ends raw bean cacao trade with Switzerland

After discussing the centuries-long relationship Ghana has with Switzerland through missionaries and colonialism, Ghana’s president Nana Akufo-Addo announced the end of trading raw cacao beans with Switzerland. SP

After discussing the centuries-long relationship Ghana has with Switzerland through missionaries and colonialism, Ghana’s president Nana Akufo-Addo announced the end of trading raw cacao beans with Switzerland. Western/European countries have capitalized upon Ghanain raw materials by paying bottom dollar for their raw materials, and now the Ghanain president explained that Ghana must advance their internal industrial capabilities and process their raw materials within their country: “We’re determined in Ghana, to ensure the succeeding generations of Ghanaians do not become victims or pawns of international economic order, but her beneficiaries”.

After witnessing American companies such as Hershey also capitalize on cheap Ghanain cacao, it would not surprise if changes occurred with the US/Ghana cacao trade as well. The CCC (Coffee and Cacao Council of Cote d’Ivoire) believe Hershey avoided paying the Living Income Differential which aims to eliminate poverty within the farming community in Ghana. This differential requires chocolate companies to pay an additional USD 400 per ton of cacao.

Luxury goods should be bought at a price that supports the farmer after all. This shall lead to greater independence for the Ghanaian economy as they focus on developing the capabilities to process more of their own raw materials and gain more control over the cocoa value chain.

 
 
  09/04/2021 | Trade, Trends

IRI confectionery monitor: positive development continues

German retail confectionery sales achieved a significant increase in the first two months of 2021. SG

German retail confectionery sales achieved a significant increase in the first two months of 2021. According to the current IRI confectionery monitor, revenues rose by 7.0% up to € 2.315 bn, with sales volume only increasing 4.1% up to 303,406 tonnes (basis: food retailers + drug stores + hard discounters + gas station shops). Doubtless influenced by the pandemic-related measures, this positive development continued the strong growth that began in 2020 into the beginning of the new year.

The growth-driving category of salty snacks also experienced double-digit growth in January and February of 2021: € 675.2 m represented a revenue increase for the category of 12.9%, with sales quantity increasing by 9.2% up to 80,097 tonnes. Chocolate products (without season) increased earnings by 6.8% up to € 903.3 m (sales volume + 5.3%; 89,836 t). For the Christmas chocolate season, IRI calculated an increase in earnings of 8.4% up to € 653.4 m (sales volume + 9.1%; 37,648 t).
Similar development was seen in the product group of sweet baked goods and cakes. It exceeded the revenue level of the previous year by 7.1% up to € 408.9 m, while sales quantity here only rose by 1.9% (73,106 t).
Problems continued in the sugar confectionery and chewing gum product groups. While declines in sugar confectionery revenues (- 2.9%; € 328.0 m) and sales volume (- 1.3%; 60,368 t) remained manageable, the figures for chewing gum sank drastically, with a revenue decline of 25.5% (€ 57.5 m) and sales volume falling by 25.9% (38.9 million pieces).

iriworldwide.com

 
 
  08/04/2021 | Ingredients

Olam with robust operational financial performance in 2020

Global food and agri-business Olam International Limited has published its 2020 annual report, outlining the company’s financial and non-financial performance for the year. SP

Global food and agri-business Olam International Limited has published its 2020 annual report, outlining the company’s financial and non-financial performance for the year. Key highlights include how Olam made significant progress on its reorganization plan to unlock and maximize long-term sustainable value via carve-out, IPO and concurrent demerger of Olam Food Ingredients (OFI) and pursue similar strategic options for Olam Global Agri (OGA). Olam has also successfully navigated the pandemic to emerge stronger, delivering robust operational financial performance in 2020.

Sunny Verghese, Co-Founder and Group CEO of Olam, says: “2020 was one of our strongest years on record as we delivered operational earnings growth of 36.0 percent to USD 677.8 million even as we contended with the Covid-19 pandemic. We also made significant progress on our transformational reorganization plan to unlock and illuminate the current value of our business and develop new strategic pathways that drive sustainable growth for the group”.

www.olamgroup.com

 
 
  08/04/2021 | Industry, Industry, Ingredients, Technology, ZDS

ZDS “Whistleblower – Choco Tec” web seminar on chocolate

Choco Tec is one of the most successful congresses and most important meeting places for the chocolate industry. SG SP

Choco Tec is one of the most successful congresses and most important meeting places for the chocolate industry. As a special alternative to this year’s Choco Tec, the ZDS – Zentralfachschule der Deutschen Süßwarenwirtschaft e. V., Solingen/Germany, offers the digital web seminar series “Whistleblower – Choco Tec”.

The lectures of the web seminar series are divided into five thematic blocks. This allows the participants to flexibly choose which series is of particular interest to them and to follow it conveniently from their workplace or home office. After the presentations, the experts will be available for questions and discussions in the usual manner.

The third block of the series, the web seminar “Chocolate-up-to-date”, will take place on 14 April 2021. At this event, everything is about analytics, technology and processing of chocolate. The web seminar will be translated simultaneously. Further thematic blocks are planned for 9 June 2021 (“Choco Tec – here and now”) and 9 September 2021 (“Sustainability”).

www.zds-solingen.de

 
 
  07/04/2021 | Trade, Trends

Nielsen confectionery monitor: dream start for salty snacks

The positive development of German confectionery retail sales from the previous year has continued during the first few months of 2021. According to the current Nielsen confectionery monitor, revenues rose through Week 9 of 2021 by 7.0% up to € 2.479 bn. SG

The positive development of German confectionery retail sales from the previous year has continued during the first few months of 2021. According to the current Nielsen confectionery monitor, revenues rose through Week 9 of 2021 by 7.0% up to € 2.479 bn. Sales volume increased over the same period last year by 5.6% up to 1.748 bn packages (basis: grocery retail + drug stores).
The salty snacks category even topped the significant revenue increase rate of growth from 2020 (+ 12.7%) by the start of the new year, with € 687.9 m representing growth of 14.1%. The Nielsen researchers cite an increase in sales volume of 13.0% up to 480.6 m packages. The segments driving this revenue were tortillas (+ 26.0%), snack specialities (+ 24.9%), premium nuts (+ 17.9%) and salted pretzels (+ 16.2%).
Chocolate products, the largest product group, also experienced above-average growth in revenues (+ 8.1%; € 1.063 bn) and sales volume (+ 7.8%; 694.1 m packages). The highest rates of increase in sales earnings were achieved by cake bars (+ 18.6%), 100 g chocolate tablets (+ 17.5%), chocolate bars (+ 9.9%) and chocolate snack articles (+ 8.6%).
The revenues in the product class sweet baked goods exceeded the level of the previous year by 8.6% (€ 322.4 m) with an increase in sales volume of 6.3% (233.3 m packages). Revenue growth was driven here in particular by the segments miscellaneous baked goods with chocolate (+ 18.2%), miscellaneous (+ 17.3%), chocolate shortbread (+ 17.2%) and miscellaneous baked goods without chocolate (+ 16.8%).
In contrast, sugar confectionery got off to a rough start into 2021, with sensitive declines in value (- 6.6%; € 405.1 m) and quantity (- 7.2%; 340.1 m packages). Significant revenue losses with chewing gum (- 18.4%), cough drops (- 17.1%) and fruit bonbons (- 10.5%) were unable to be compensated by the other segments.
Increases in confectionery revenues were achieved in the sales channels of small consumer markets (+ 10.4%), discounters overall (+ 7.7%), large consumer markets (+ 6.3%) and large supermarkets (+ 4.7%). Confectionery sales declined in small supermarkets (- 5.8%) and drug stores (- 3.3 %).
 

nielseniq.com

 
 
  07/04/2021 | Packaging

Schur Flexibles acquires Italian packaging specialist Sidac

The takeover of Sidac SpA enables the Schur Flexibles Group to expand its network on the Italian market by adding a strong centre of excellence for customized and high-quality packaging solutions. SP

The takeover of Sidac SpA enables the Schur Flexibles Group to expand its network on the Italian market by adding a strong centre of excellence for customized and high-quality packaging solutions. With its commitment to sustainability, the modern production plant in Forli near Bologna also complements the growth strategy of Schur Flexibles Group in Europe.

With a workforce of 120 employees and an annual revenue of about EUR 34 m last year, Sidac has been a successful manufacturer of flexible packaging since 1929, particularly in the food, beverage, confectionery and animal feed segments. The product portfolio primarily encompasses complex laminates supplied on reels and used in the ready-to-eat convenience food and pet food segment (stand-up pouches). This comprises a market segment generating dynamic growth thanks to the reduction of material use while maintaining a high level of functionality as a sustainable packaging alternative.

Michael Schernthaner, CEO of Schur Flexibles, explains: “Italy is a significant growth market for us as a European player. Due to the acquisition of Sidac, we have gained an established partner for our regional expansion in Italy. In this case, we can perfectly complement our competencies in the field of flexible packaging solutions in the food industry”.

www.schurflexibles.com

 
 
  01/04/2021 | Ingredients

Chr. Hansen: Natural Colors transaction closed

Chr. Hansen Holding A/S and EQT announced the completion of the transaction announced on 26 September 2020, whereby EQT and Chr. Hansen Holding A/S entered into an agreement with the purpose of EQT to acquire the Natural Colors division from Chr. Hansen Holding A/S. SP

Chr. Hansen Holding A/S and EQT announced the completion of the transaction announced on 26 September 2020, whereby EQT and Chr. Hansen Holding A/S entered into an agreement with the purpose of EQT to acquire the Natural Colors division from Chr. Hansen Holding A/S. The divestment follows the 2025 Strategy of Chr. Hansen becoming a differentiated bioscience company with focus on the microbial and fermentation technology platforms.

The total consideration for the transaction is EUR 800 m on a cash and debt free basis, which Chr. Hansen has already received. Transfer of business activities is completed, however, the full legal transition in a few countries will be finalized during the coming months. The proceeds from the divestment will be used to reduce the leverage of Chr. Hansen.

www.chr-hansen.com

 
 
  01/04/2021 | Ingredients

Barry Callebaut and innovative start-up Seekewa to collaborate

Barry Callebaut announced plans to collaborate with startup Seekewa on a pilot project to increase and diversify farmer incomes on the Cocoa Horizons programme. SP

Barry Callebaut announced plans to collaborate with startup Seekewa on a pilot project to increase and diversify farmer incomes on the Cocoa Horizons programme. Seekewa is an award-winning digital platform that connects people and organisations into a community. The company will collaborate with MassChallenge – a non-profit organisation dedicated to supporting start-ups to support Cocoa Horizons farmers.

Serge and Fred Zamblé, brothers and the co-founders of Seekewa, wanted to start a business with social impact in Ivory Coast. Both had professional careers in software engineering and finance before they left and eventually founded Seekewa with the aim to make their ideas a reality. Seekewa refers to their model as: “A participative platform that helps smallholder farmers find all the resources they need to carry out their projects”.

www.barry-callebaut.com seekewa.com

 
 
  31/03/2021 | Ingredients, International, Trends

Nestlé starts roll-out of a new 100 percent cocoa fruit chocolate

The Swiss food concern Nestlé SA has announced the wider roll-out of chocolate made exclusively with the cocoa fruit, introducing Incoa, a 70% dark chocolate tablet under its Les Recettes de L‘Atelier brand across several countries. SG SP

The Swiss food concern Nestlé SA has announced the wider roll-out of chocolate made exclusively with the cocoa fruit, introducing Incoa, a 70% dark chocolate tablet under its Les Recettes de L‘Atelier brand across several countries. It will appear on shelves in retail in France and the Netherlands with other European markets to follow.

Incoa is made entirely from the cocoa fruit, not adding any refined sugar. The cocoa beans in Incoa are sourced in West Africa from Nestlé Cocoa Plan farms certified by Rainforest Alliance. The cocoa pulp is currently sourced from Brazil from farms that are part of the Nestlé Cocoa Plan. The Nestlé team leveraged its in-house chocolate expertise to develop a natural approach which ­allows it to extract the pulp and produce a dark chocolate that captures the pulp‘s intrinsic sweetness and ­texture. The unique approach enables the company to produce Incoa in high quantities with no compromise on taste, texture and quality. The pulp, which makes up around 10% of the fruit, is soft, sweet and white in colour. Some of the pulp is used in the fermentation of the cocoa beans after they are harvested, but a significant proportion is usually discarded.

www.nestle.com

 
 
  31/03/2021 | Packaging

Thomas Schulz is new Vice President Group Marketing & Communication at Constantia Flexibles

Thomas Schulz (37) is now responsible for leading Vienna-based company group Constantia Flexibles marketing and communication activities. SG SP

Thomas Schulz (37) is now responsible for leading Vienna-based company group Constantia Flexibles marketing and communication activities. In his new role as press spokesperson, he is responsible for managing all communication as well as marketing activities of the two divisions Consumer and Pharma of Constantia Flexibles.

The focus of the current and future campaigns is on the clear positioning of Constantia Flexibles as a leading company among flexible packaging manufacturers, especially in the area of more sustainable packaging solutions. “In the next few years, it will be particularly exciting to accompany Constantia Flexibles’ path towards 100 percent recyclable packaging by 2025 in terms of communications,” he explained.

Schulz joined Constantia three years ago with rich international experience and recently took over the top responsibilities for the company’s marketing activities. Before joining Constantia Flexibles, he worked for more than seven years at Procter & Gamble in various brand management roles. Most recently, he managed all projects in the DACH region as Direct-to-Consumer & Corporate Marketing Brand Director.

www.cflex.com

 
 
News per page:
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15  Next | Last