Delfi Limited has formed a joint venture (JV) with the Yuraku Confectionery Company in Indonesia to sell chocolate snack products under the Delfi brand in Indonesia.
Delfi Limited, formerly Petra Foods, and Orion Confectionery have formed a joint venture in Indonesia that will command 50% of the country’s retail chocolate market, the firms estimate.
Lindt & Sprüngli will open three retail stores in São Paulo this year thanks to a joint venture with Brazilian premium chocolate specialist the CRM Group.
Cargill has said it intends to create a new sweeteners and starches joint venture in Saudi Arabia with agri-business firm Arasco, saying it will give the company a foothold in the fast-growing Middle East and North African market.
Cadbury owner Mondelez International has entered a joint venture to expand distribution in Saudi Arabia, which it calls an “important and strategic market” in the region.
Archer Daniels Midland (ADM) and Wilmar International Limited have launched Olenex, a joint venture for the sale and marketing of refined vegetable oils and fats in Europe.
The Blommer Chocolate Company has established the joint venture firm GrowCocoa with ingredients supplier Olam International to allow the companies to move into Latin America and new cocoa origins in Africa.
The Hershey Company has dismissed reports that it is set to sell its 51% stake in its Indian joint venture with the Godrej Group and tackle the market alone.
Blommer Chocolate, Petra Foods, and Cemoi Chocolatier have created a joint venture that will establish 30 fermentation centres to improve the supply of high quality, fermented cocoa from the Ivory Coast.
Packaging giant Rexam has gained its first foothold in India,
signing a local joint venture that plans to supply cans to the
country's promising beer market.
Imperial Sugar received an offer of acquisition earlier this week,
while Cargill announced its intentions to further invest in
Brazilian sugar and General Mills had its rating outlook revised
from negative to stable.