News

In the first quarter of current fiscal year 2020/21 (1 March to 31 May 2020), Südzucker AG reached consolidated group revenues of € 1.669 bn (previous year: 1.680 bn). The consolidated group operating result significantly increased to € 61 m (previous year: € 47 m). SG SP

Following the first four months of 2020, the confectionery revenues achieved in German retail stood at € 5.185 bn, an increase of 6.4% over the same period for the previous year. SG

Herba Ingredients has opened a state-of-the-art production line for protein and starch concentrates. SP

According to GNT Group, clean-label colours are key to differentiation in the increasingly competitive plant-based market. The Exberrry Colouring Foods supplier has launched new resources on its website to highlight the importance of colour in vegan-friendly, dairy, cheese, meat and fish alternatives. SP

With Schubert Business Development GmbH, the Schubert brothers are opening a new chapter in strategic business development. SP

The Hershey Company has announced an expansion of its Cocoa for Good programme, committing to 100 % direct-sourced cocoa in high-risk areas by 2025. SP

The European Cocoa Association (ECA) has appointed Harold Poelma, President of Cargill Cocoa & Chocolate, as its chairman for the next two years. SP

The International Cocoa Organization (ICCO) forecasts a global cocoa deficit of 80,000 t in the 2019/2020 season, which lasts from October to September, slightly below its previous projection of 85,000 t. SP

Many brands and retailers could reduce the climate impact of their packaging up to 50 % and avoid thousands of tonnes of carbon dioxide being emitted to air. SP

The IRI confectionery monitor indicates significant growth of confectionery sales in the German retail during the first four months of 2020. SG SP

Ricola can look back on a good 2019 fiscal year with positive growth in a variety of foreign markets and the successful launch of new products. SG

German Symrise AG opened its biggest individual investment. The company invested € 50 m in the construction of the new production site for flavourings and fragrances in Nantong. SG SP

The Barry Callebaut Group has signed an agreement to acquire GKC Foods (Australia) Pty Ltd, a producer of chocolate, coatings and fillings, serving many consumer chocolate brands in Australia and New Zealand. SG SP

The Board of Directors of the Hochdorf Group has appointed Nanette Haubensak as its new CFO and member of senior management team. SP

The packaging manufacturer Thimm Group, Northeim, has closed the 2019 financial year with revenues of € 623 m (2018: € 645 m). Operating result EBITDAR at € 46.7 m increased by 20 % to € 56.1 m. SG SP