NIGERIA: Cadbury Nigeria plans further expansion
Food and beverages company Cadbury Nigeria, in which UK-based Cadbury Schweppes has a 46% equity share, has said it plans to expand into other West African countries after success in Ghana.
Managing director Bunmi Oni said Cadbury had set its sights on the big markets in major commercial cities in the Ivory Coast and Senegal.
Oni said he was aware of the challenges of operating in French-speaking West African states. One challenge the company faces is that consumers in such countries generally prefer French products.
"It depends on what research tells us. But one thing I can assure you is that we will not expose ourselves only because we want to export," Oni was quoted by Reuters as saying.
Cadbury Nigeria launched its Bournvita drink and TomTom sweets in Ghana earlier this year and Oni said its success there would now serve as a basis for further expansion.
The company's subsidiary, Stanmark Cocoa Processing, exports cocoa liquor, cocoa powder and cocoa butter, but Oni said only the confectionery business featured in the latest expansion plans as it was Cadbury's fastest growing segment.
Iconic US chocolate maker Hershey Foods is in the midst of a transformation process. Its aim? To diversify into the snack food market in order to expand beyond its core chocolate business. With new pr...
UK confectionery and soft drinks giant Cadbury Schweppes has said that it is unlikely to meet its profit margin goal for 2005....
UK confectionery firm Cadbury Trebor Bassett, part of confectionery and soft drinks giant Cadbury Schweppes, has issued a recall for its Bassett's Milky Babies because packs may contain pieces of plas...
Confectionery and drinks company Cadbury Schweppes has reported a rise in sales and pre-tax profits for the half ended 19 June 2005, with growth led by Halls in an 'exceptional cough and cold season,"...
Confectioner Cadbury is launching a range of chocolate bars with under 99 calories....
Confectionery and drinks company Cadbury Schweppes will tell shareholders it has had a good start to the year at its AGM today (Thursday)....
UK confectionary and soft drinks group Cadbury Schweppes has bought organic chocolate brand Green & Black's....
UK confectionery and soft drinks company Cadbury Schweppes has announced that it is to invest £40m (US$75.16m) at its Bournville factory in Birmingham to meet the growing demand for its Cadbury Dairy ...
- Analysis: Post discusses rationale for Weetabix
- Interview: Sir Kensington's on sale to Unilever
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- US food next wave on display at Winter Fancy Food
- Unilever buys US condiments maker Sir Kensington's
- Ice cream helps Unilever sales, food flat
- Nestle organic growth slows but beats expectations
- Suntory to offload Australia, New Zealand foods
- ABF buys UK sports nutrition firms H5, Reflex