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Delfi announces Indonesia JV with South Korea's Orion Corp.

12 May 2016

Delfi, the Singapore-based confectioner formerly known as Petra Foods, is entering into a 50:50 joint venture with South Korean snack and candy manufacturer Orion Corp. to develop and sell a range of joint-branded products in Indonesia. 

Delfi Q1 profits up, sales slide

12 May 2016

Singapore-based Delfi Ltd - formerly Petra Foods - has reported higher first-quarter profits despite a fall in sales amid the impact of currency fluctuations and the end of the confectioner's distribution in the country.

Petra Foods to change name to Delfi Ltd

11 Mar 2016

Singapore-based chocolate maker Petra Foods has announced it is to change its name to Delfi Limited.

Petra Foods income plunges on lower sales, one-offs

23 Feb 2016

Petra Foods, the Singapore-based chocolate maker, revealed that it plunged into the red during 2015 as one-time expenses and lower sales hit the bottom line. 

Petra Foods hit by Indonesia weakness 

13 Nov 2015

Singapore-based chocolate group Petra Foods blamed lower third-quarter sales and earnings on weak consumer sentiment in Indonesia, the drag presented by currency exchange and one-time items. 

Food industry quotes of the week: American Halal Co., Orkla, United Biscuits

13 Nov 2015

This week, Orkla pledged zero-deforestation by 2020. Elsewhere, United Biscuits opened its first e-commerce store in China. just-food spoke to CEO of American Halal Co., Adnan Durrani following the firm's recent acquisition in the plant-protein space and Givesco Bakery acquired cake maker Almondy. Here is the week in quotes.

Indonesia - The sweet and sour of the confectionery market

1 Oct 2015

Indonesia's confectionery sector is predicted to grow in a big way. By 2018 it is forecast to be worth US$2.6bn up from US$1.37bn in 2013. But with local players dominating the scene thanks to their knowledge of local tastes and the ability to offer cheaper options, international players looking to get in on the action may struggle. Hannah Abdulla explores

Food industry news of the week - Nomad Foods, Kellogg, Hershey

21 Aug 2015

Acquisitive Nomad Foods, which has snapped up one frozen food business in Europe and is set to buy another, this week confirmed it is eyeing possible deals in the sector in the US. Meanwhile, in emerging markets, Hershey is to go it alone in Brazil and Kellogg is to invest in R&D in India.

Food industry quotes of the week - Emmi, Petra Foods, Iran

21 Aug 2015

This week, Emmi reported a rise in first half profits on the back of stronger margins while Petra's profit suffered as a result of a slowing economy in Indonesia. We also took a look at what the easing of trade sanctions in Iran could mean for international food makers. Here is the week in quotes.

Petra Foods blames Indonesia slowdown for profit drop

17 Aug 2015

Petra Foods, the Singapore-based confectioner, has pointed to the slowdown in Indonesia, its largest market, after profits fell in the first half of the year.

Petra exits Singapore distribution business

11 Jun 2015

Petra Foods has said it will exit its loss-making Singapore distribution business to focus on “key markets”.

Food industry results in brief: TreeHouse, Petra, Bonduelle

11 May 2015

TreeHouse Foods first quarter sales surged – but the US food group cut its forecast for annual earnings. Inventure Foods revealed the devastating impact of the listeria recall. Meanwhile, Petra Foods commented on the slowdown in the Indonesian economy and weaker consumer sentiment. Here is just-food's weekly results round-up.

Food industry quotes of the week: Nestle; Danone; Unilever

5 Dec 2014

This week, Nestle lost a trademark infringement case in Singapore over its Kit Kat product. Arla Foods pulled out of the race to acquire Arab Dairy and Unilever decided to separate its ailing spreads business into a stand-alone unit. India hit the headlines frequently, with Britannia Industries "pioneering" the online exclusive launch of its new biscuit product before it hits traditional stores, and with Fererro re-thinking its plans for its business in the country.

Nestle loses Petra Kit-Kat copycat case in Singapore

2 Dec 2014

Nestle has lost a case against Petra Foods in Singapore alleging the local confectioner's Take It chocolate wafer product infringed its intellectual property rights.

Petra Foods remains upbeat as earnings fall

12 Nov 2014

Singapore-listed Petra Foods reported lower earnings from its consumer foods business in the third quarter as sales slipped and costs rose.

SINGAPORE: Forex weighs but Petra points to underlying growth

14 Aug 2014

Singapore-based confectioner Petra Foods has booked a fall in half-year profits thanks to currency fluctuation, although it said underlying earnings were higher.

NETHERLANDS: Barry Callebaut "mulls Zaandam office closure"

13 Jun 2014

Chocolate make Barry Callebaut is reportedly planning the closure of its Zaandam office in the Netherlands.

SINGAPORE: Petra posts loss in Q1

8 May 2014

Petra Foods has suffered a net loss for the first quarter of 2014.

SWITZERLAND: Barry Callebaut boosted by cocoa acquisition

3 Apr 2014

Barry Callebaut has booked an increase in first-half sales and earnings, boosted by the contribution of the cocoa business it acquired from Petra Foods last year.

SINGAPORE: Brand building drives Petra FY growth

27 Feb 2014

Singapore-based confectioner Petra Foods attributed increases in full-year sales and earnings at its consumer foods business to investment behind its brands.

SOUTH AFRICA: Nestle will launch an appeal to defend Kit Kat TM

7 Feb 2014

Nestle is taking legal action defend its Kit Kat trade mark from alleged violations by IFFCO's Tiffany Break brand in South Africa.

SINGAPORE: Barry Callebaut, Petra row goes to arbitration

17 Dec 2013

Singapore-based confectioner Petra Foods has taken its M&A dispute with Barry Callebaut to arbitration.

SINGAPORE: Consumer-focused Petra upbeat after Q3 results

13 Nov 2013

Petra Foods, the Singapore confectioner, has reported higher third-quarter profits as it starts life as a consumer-facing business after selling its cocoa ingredients arm.

SWITZ: Barry Callebaut FY earnings slide, reaffirms targets

7 Nov 2013

Business-to-business chocolate giant Barry Callebaut today (7 November) revealed a drop in earnings in its full-year but reaffirmed its mid-term financial targets.

SWITZ/SINGAPORE: Barry Callebaut, Petra in dispute over takeover

23 Oct 2013

Barry Callebaut and Petra Foods are in a row over the price the Swiss chocolate giant wants to pay for the Singapore chocolate firm's cocoa business.

US: Cargill "in final stages" of ADM cocoa deal

2 Oct 2013

US agribusiness giant Cargill is reported to be close to securing a deal to acquire Archer Daniels Midland's cocoa business.

INDONESIA: Barry Callebaut JV opens cocoa facility

3 Sep 2013

Barry Callebaut has opened a cocoa facility in Indonesia through its venture with local exporter P.T. Comextra Majora.

SINGAPORE: Petra Foods looks to "seize growth" in regional confectionery

15 Aug 2013

The CEO of Petra Foods has insisted the Singapore-based confectioner is in "an ideal position" to capitalise on opportunities in Asia in the wake of the sale of its cocoa ingredients arm to Barry Callebaut.

SWITZ: Barry Callebaut volumes beat market forecasts

4 Jul 2013

B2B chocolate giant Barry Callebaut today (4 July) reported an 8% increase in sales volumes for the first nine months of its financial year, with growth, it said, across all regions.

US: Cargill coy over "interest" in ADM cocoa business

3 Jul 2013

US agribusiness giant Cargill has remained coy over reports it is exploring the possibility of buying Archer Daniels Midland's cocoa business.



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