Barry Callebaut AG, whose clients include Nestle SA and Mars Inc., plans to increase factory capacity in the region by 15% in the next 18 to 20 months, said Steve Woolley, the company’s president for the Americas. A new facility in Canada will account for half of that, with the rest coming from expansion of existing plants.
“We’ve kind of hit a wall on the capacity that we have in our network, and because of the growth we’re seeing, we’re very bullish on the future,” Woolley said in an interview at the company’s regional headquarters in Chicago. “We’re seeing a big increase in ice cream, so we wanna make sure that we invest behind that as well.”
The Brantford factory will produce 50,000 metric tons of sugar-free chocolate in a bid to meet demand from health-conscious consumers. The other 50,000 tons of expansion will come from existing facilities in the region, which include five plants in the US and two in Mexico. The additional output will be focused on compound chocolate, which uses less cocoa and is key to making things like ice cream and donut coatings.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: FTX Collapse Ensnares Creditors Big and Small All Over the WorldFrom a German bank seeking a more than $2 million payment to a Chinese investor requesting $21,000 of lost savings. Claimants around the world who were caught up in the epic collapse of FTX Group are beginning to appear in court filings.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Oil steadies after wild ride with Chinese demand, OPEC+ in focusOil steadied after a volatile session as investors juggled a clouded supply outlook and concerns over weaker demand in virus-hit China, with nationwide Covid cases swelling near a record level despite curbs.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Civil rights groups urge Twitter ad boycott over Trump returnCivil rights leaders are urging major advertisers to stay away from Twitter after Elon Musk, the company’s new billionaire owner, reinstated former President Donald Trump over the weekend. elonmusk and the public poll made the right decision. It’s crazy that a US president was banned from a platform that allows Putin, Irans Supreme Leader and Afghanistan to have accounts. The hypocrisy of these Civil rights leaders 🤦🏾♂️ Hit piece after hit piece. 🤦🏽♂️ Note that the 'thousands' various IT publications claim have 'left Twitter for Mastodon' are actually on both platforms, waiting to see what Twitter delivers. Most of us are going nowhere. Mastodonians trying desperately for conversions.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Asia stocks mixed as traders mull China Covid path: markets wrapStocks were mixed in Asia amid fragile sentiment as investors weighed up the impact of Covid infections in China and parsed comments from Federal Reserve officials on interest rate hikes.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Crypto markets sag as funds drained from FTX switch out of EtherCryptocurrency prices struggled on Monday in the ongoing crisis sparked by the downfall of Sam Bankman-Fried’s once powerful FTX empire. Hopefully the adverts that see encouraging small and large investors will disappear. People have lost life savings to this well presented scam.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Wall Street wants Xi’s money-minting markets to come backMore than two years of growth-squelching policies sent international investors fleeing China. It’s taken all of two weeks to lure them back.
Source: dailymaverick - 🏆 3. / 84 Read more »