Search results for cocoa
Industry
SPC, CJ Foodville to cut bread prices; focus turns to instant noodles and confectionery
SPC and CJ Foodville will cut prices for bread and cakes at Paris Baguette and Tous Les Jours starting March 12 to 13. Paris Baguette will lower prices on 11 items, while Tous Les Jours will cut supply prices for 17 items and reduce some character cake prices. The companies cited efforts to support price stability and ease consumer burdens. The market is watching whether the move spreads to instant noodles and confectionery.
Industry
Profit divide for Orion and Lotte Wellfood hinges on chocolate dependence
Orion and Lotte Wellfood posted higher consolidated sales last year from a year earlier, but their operating profit results diverged, industry officials said. Orion’s operating profit rose 2.7 percent, while Lotte Wellfood’s fell 30.3 percent. Both cited higher raw material costs, particularly a surge in cocoa prices. Orion’s core products are snacks, biscuits and pies, while Lotte Wellfood relies more on chocolate products such as Ghana and Pepero.
Games & Commerce
Lotte Wellfood starts up new cocoa processing equipment at Yangsan plant
Lotte Wellfood said on Tuesday it has started operating newly installed cocoa bean processing equipment on the BTC line at its Yangsan plant in South Gyeongsang Province. The company invested about 15 billion won to improve process efficiency and raise output capacity. It said the number of process steps fell 25 percent and cocoa mass output rose to 2.5 tons per hour from 1 ton. The cocoa mass is used across its chocolate products.
