CANDY MAGIC
Article Abstract:
Candico India Ltd (CIL), the erstwhile confectionery division of Bakeman's, plans to become a leader in the Rs1,400 crore organised confectionery market. CIL, which contributes just 5 percent to the industry sales, plans to achieve leadership through new product launches. It has already launched 8 products. CIL is gearing up with new products as McKinsey & Co expects the industry to grow to Rs6,500 crore by 2005 AD. It proposes to launch 3-4 products in every segment. New launches will include 2 candy brands, 1 toffee, 1 soft chew, 1 paan product, 1 eclair and 1 gum brand. CIL has the flexibility to produce any alternative product for any confectionery segment at its 30,000 tonnes per annum production unit in Nagpur. It is trying to spread its appeal to varied customers and increase its retail outlets to 225,000 from 115,000. (ag) >EN
Comment:
Plans to become a leader in the Rs1,400 crore organised confectionery market
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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PARRYS CONFECTIONERY SEES SWEET FUTURE ABROAD
Article Abstract:
Parrys Confectionery Ltd of Chennai, a part of the Murugappa group, plans to become a major player in Saarc and Asean regions apart from West Asia and Africa. It has set up distribution outlets in Sri Lanka, Nepal and Bangladesh. It has tied-up with a non resident Indian group in West Africa to cover 17 countries. The company is also developing product formulations and packaging exclusively for the $60 billion Russian market. The company earned foreign exchange of Rs1.71 crore in 1997-98 and has projected earnings of Rs4.5 crore in 1998-99 and Rs20-25 crore by 2000 AD. In the domestic market, the company had a 28 percent share of the confectionery segment in 1997-98. (khr)
Comment:
Plans to become a major player in Saarc and Asean regions apart from West Asia and Africa
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SWEET TUSSLE
Article Abstract:
Nestle Ltd and Cadbury's are likely to benefit from the 30 percent decline in the prices of cocoa to $1300-1400 per tonne. In September 1997, cocoa prices were at $2000 per tonne. Cadbury's has posted a 60 percent higher net profit to Rs10 crore from Rs6.18 crore in the first half of 1998. Nestle is likely to post a 30 percent growth in sales for the first half of 1998. Its stock price has increased to Rs450. (rk)
Comment:
Is likely to benefit from the 30% decline in prices of cocoa to $1300-1400 per tonne
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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