Sector News

Mars Inc set to open first chocolate factory in India

March 16, 2015
Consumer Packaged Goods
(Reuters) – Mars Inc said on Wednesday it is on track to open its first chocolate plant in India, where its popular Snickers and Galaxy bars will be made to meet growing demand.
 
Mars International India, a wholly owned subsidiary of Mars Inc, signed a memorandum of understanding with the Maharashtra government in Mumbai for a $160 million plant in Pune, Maharashtra.
 
The “chocolate industry in India is growing at nearly 20 percent every year and we see this as a huge opportunity to expand our chocolate portfolio in the country in the coming years,” said MV Natarajan, general manager of Mars International India, in a release.
 
Mars India currently imports chocolate and manufactures its Pedigree and Whiskas pet care products.
 
U.S.-based Mars Inc is the third biggest confectionery business globally behind Nestle SA (NESN.VX) and Mondelez International, the maker of Cadbury, according to Euromonitor International (MDLZ.O).
 
(Reporting by Marcy Nicholson; Editing by Leslie Adler)

comments closed

Related News

July 21, 2024

Danone taps R&D leader Carla Hilhorst to drive research and innovation strategy

Consumer Packaged Goods

Danone has appointed Carla Hilhorst to the newly created position of senior vice president of research and innovation categories and zones, as the company looks to make science the heart of its business. Hilhorst, who brings over 30 years of experience in research and innovation, will report directly to Isabelle Esser, Danone’s chief research, innovation, quality and food safety officer.

July 21, 2024

Pernod Ricard to sell international wines portfolio to Accolade Wines owner

Consumer Packaged Goods

The move, part of Pernod Ricard’s strategy to enhance its premiumisation efforts, will allow the company to focus more resources on its portfolio of premium international spirits and champagne brands that drive the growth of its business. This decision aligns with the company’s commitment to delivering sustainable value for shareholders, employees, clients and partners.

July 21, 2024

Aryzta appoints former employee Michael Schai as new CEO

Consumer Packaged Goods

Schai – who is the current CEO of Swiss chocolate company Lindt & Sprüngli’s Australian operation – has previously worked with Aryzta from 2015-2018, where he served in roles including managing director for Asia Pacific and global strategic business lead (McDonald’s). The fast-food giant McDonald’s is one of Aryzta’s significant clients.

How can we help you?

We're easy to reach