Barry Callebaut to supply a minimum of 80,000 tons of chocolate/year to Hershey |
|
|
|
Published
:
Thu, 26 Apr 2007 17:43
|
ZURICH (Thomson Financial) - Barry Callebaut AG said it entering a strategic supply and innovation partnership with The Hershey Company under which the Swiss group is to supply a minimum of 80,000 tons of chocolate and finished products a year to Hershey.Barry Callebaut said as a result of this long term partnership, production capacities will increase by 130,000 tons over the next three years, with a significant portion of this production dedicated to supplying Hershey.The two groups plan to partner on a wide range of R&D activities with a focus on driving innovation in new chocolate taste experiences, premium chocolate, health and wellness, ingredient research and optimisation.Under the agreement, Barry Callebaut will construct and operate a facility to provide chocolate for Hershey's new plant in Monterrey, Mexico.The total investment by Barry Callebaut will amount to 50 mln usd.christa.jones@thomson.comckj/jagCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
|
|
|
|
Print this Story
Barry Callebaut H1 net profit rises as sales outpace chocolate market UPDATE 