The cocoa & chocolate business of Cargill has set up its own licensed buying company (LBC) after securing a licence from the Ghanaian Cocoa Board (Cocobod). The new LBC has started operations and Cargill purchased its initial consignment ...
Singapore’s Olam International has agreed to acquire the global cocoa business of Archer Daniels Midland Company, in a $1.3bn deal. This new development is expected to enhance Olam's chocolate and cocoa businesses, in an effort ...
Agribusiness company Cargill is likely to invest around $1bn in Indonesia over the next three to four years. The proposed investment will be used by the company to mark a foray into the poultry sector, in a move to cater to the increasing ...
Tags: Cargill, Indonesian Operations
US-based food processing company Archer Daniels Midland (ADM) has temporarily halted cocoa roasting operations at its Schokinag processing plant in Germany due to fire at the plant. Early on 24 October, fire broke out in the roasting ...
Tags: cocoa roasting, food processing
Agri-business company Olam International plans to invest around $61m to build a new cocoa processing facility in Indonesia. The facility will produce cocoa butter, cocoa cake and high quality cocoa powders, with an initial capacity of ...
Tags: Agri-business, Olam
Cargill Cocoa & Chocolate is geared up to invest around $48m in Belgian chocolate production facility in Mouscron, in a move to double the capacity over the next two years. The new production lines at the facility are scheduled to become ...
Tags: Agriculture, Food, Chocolate
Cargill, a US-based agribusiness company, is in talks to acquire Archer Daniels Midland's (ADM) cocoa business, a deal which paves the way for what is reportedly the second largest takeover this year in the cocoa industry. An official ...
Tags: Cargill, Cocoa Unit
SunOpta, a Canada-based organic, specialty and natural health products manufacturer, has commenced production at its cocoa processing facility in Middenmeer, Netherlands. The facility, which is operated as the Crown of Holland, processes ...
Tags: Cocoa Facility, SunOpta
Barry Callebaut has unveiled a new cocoa processing facility in Makassar, Indonesia through its joint venture (JV) with Comextra Majora, following an investment of $33m. The swiss cocoa and chocolate products manufacturer entered into the ...
Tags: Cocoa Facility, Barry Callebaut
US agribusiness firm Cargill has broken ground on a $100m cocoa processing facility in Gresik, in the East-Java region of Indonesia, a move which is expected to create approximately 200 new jobs. According to Cargill, the new facility is ...
Tags: Cargill, Cocoa Processing Facility
Swiss cocoa and chocolate products manufacturer Barry Callebaut has reported that its net profit for the first half of 2012-13 declined 7.4cto CHF116.4m ($124.5m), compared with CHF125.7m ($134.4m) for the same period in 2011-12. The ...
Tags: Barry Callebaut, Net Profit
SunOpta International Foods is set to establish a new organic and speciality cocoa facility in Middenmeer, the Netherlands, as part of its efforts to expand its integrated processing capabilities. The facility will process internationally ...
Tags: SunOpta, organic and speciality cocoa facility, processing capabilities
Volatility in global commodity markets remained a significant factor for the food industry during 2012. On the one hand, adverse weather conditions hit grain harvests causing prices to spike, while on the other, over-supply has meant cocoa ...
Chocolate manufacturer Barry Callebaut is to become the globe’s largest cocoa processor with the acquisition of the Cocoa Ingredients Division of Petra Foods, based in Singapore for $950M. Barry Callebaut is to become the ...
Tags: Barry, cocoa processing, acquisition, Petra Foods
Swiss chocolate maker Barry Callebaut has reaffirmed its mid-term guidance, depsite booking a drop in full-year profit. In the 12 months to the end of August, the company reported a net profit of CHF142.6m (US$151.7m), down from CHF178.6m ...
Tags: chocolate maker, chocolate, gourmet business, chocolate products