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November 20, 2012

News for the confectionery industry

Market Trends

Mondelez to invest $400 million for cocoa sustainability
Mondelez International announced it will spend $400 million over 10 years on Cocoa Life, a program aimed at improving productivity, sustainability and living conditions for cocoa farmers. "Our mission is to create thriving cocoa communities and help secure the future of the cocoa industry," said Tim Cofer, executive vice president and president for Mondelez Europe. BusinessGreen (U.K.) (11/20), ConfectioneryNews.com (France) (11/19)

Culinary student creates new limited edition Lindt bar
Culinary Institute of America Pastry and Baking Arts student Meredith Walter won the Lindt Excellence Recipe Challenge and scholarship contest with her creation of the Mocha Coconut dark chocolate bar. The bar, made with Lindt bittersweet dark chocolate, features coffee and coconut flakes. CandyAndSnackToday.com (11/20)

Judge seeks mediation for Hostess, union
U.S. Bankruptcy Judge Robert Drain did not approve the bankruptcy plan of Hostess Brands but instead urged the company to pursue mediation with its striking labor union. "My desire to do this is prompted primarily by the potential loss of over 18,000 jobs, as well as my belief that there is a possibility to resolve this matter, notwithstanding the losses the debtors have incurred over the last week or so," he said. Bloomberg Businessweek (11/19), Time.com/The Associated Press (11/19), The Wall Street Journal (11/19)

Nestle boosts focus on Chinese R&D
Nestle plans to double its research capacity in China with two research and development centers, which will create products that appeal to Chinese tastes. The company has had a presence in China since 1874, and it has 47,000 employees there. However, domestic companies have a better understanding of what Chinese consumers want, challenging Nestle. Bloomberg Businessweek (11/19)

Nestle Waters North America taps Canada chief for top job: Tim Brown, most recently president and CEO of Nestle Waters Canada, has been named president and CEO of Nestle Waters North America, effective Feb. 1. Current president and CEO Kim Jeffery will retire after 20 years in the position and 34 with the company. FoodBev.com (11/19)

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Diet & Health

Don't limit these foods to Thanksgiving, dietitian says
Registered dietitian Amy Moore is promoting the value of eating traditional Thanksgiving foods all year long. Turkey, sweet potatoes, cranberries and vegetables are all healthful foods, Moore says, and even pecan, pumpkin and apple pies are rich in fiber and antioxidants. United Press International (11/16)

Association News

Halloween Confectionery Consumption webinar scheduled
On Thursday, Nov. 29 NCA will host the 2012 Halloween Confectionery Consumption Overview at 1 p.m. The complimentary webinar will examine seasonal retail sales numbers and share trends on how merchandising and promotion can contribute to overall retail sales growth across some of confectionery’s largest distribution channels. It will also provide insights to grow sales across all channels in 2013. Contact Jenn Ellek.

The Story of Chocolate video released
The eight-minute film supplements the previously released booklet and website and comprises four segments on the origins of cocoa and the communities that rely on it. All NCA member companies may receive one complimentary copy, with additional copies available for purchase either as a standard video or loop. Contact Nora O’Brien.

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