Barry Callebaut Outperforms Global Chocolate Market

Tuesday, 17 January 2012 17:52

Written by Ferdi Hasiman

Theindonesiatoday.com - Barry Callebaut AG, the world's leading manufacturer of high-quality cocoa and chocolate products, outperformed the global chocolate market with sales volume growth of 2.6% in the first three months of fiscal year 2011/12, ended November 30, 2011.

Region Americas grew by double-digits whereas Region Asia-Pacific recorded slower growth and Region Europe slightly decreased.

The Food Manufacturers Products business grew at +4.5% and the Gourmet & Specialties Products business increased volume by 3.4%. Quarterly sales revenue outpaced volume growth with a gain of +5.0% in local currencies, -4.1% after translation into Swiss francs.

Barry Callebaut increased its sales volume in Region Asia-Pacific by 2.7% to 13,735 tonnes led by strong performances in India, Indonesia and Malaysia. Growth in the Food Manufacturers Products business was constrained by tight capacity. Production capacity is being expanded in SINGAPORE to support the company's further growth in the Region.

The temporary production downtimes caused by the installation of new capacity also restrained growth during the period under review. The Gourmet & Specialties Products business significantly increased its sales volume driven by the global Gourmet brands Callebaut® and Cacao Barry®, both of which grew at double-digit rates. Sales revenue grew 1.5% in local currencies and decreased by 4.6% in CHF.

In the past months, Barry Callebaut closed various projects, delivering on its strategic direction: The company entered into a joint venture with P.T. Comextra Majora, a leading exporter of cocoa from Indonesia, to build a new cocoa processing facility in Makassar (Indonesia), including a long-term cocoa supply agreement.

Barry Callebaut closed the sale of its European Consumer Products business Stollwerck to the Belgian Baronie Group at the end of September.

More recently, the company acquired La Morella Nuts S.A., a Spanish manufacturer of nut ingredients. This makes Barry Callebaut a European leader in nut-based products, which are an ideal complement to the company's existing Gourmet and Food Manufacturers Products business.

Barry Callebaut also signed a long-term outsourcing agreement with Grupo Bimbo SAB de CV. Under the terms of this agreement, the company will supply the Mexican plants of Grupo Bimbo with up to 32,000 tons of chocolate and compound products annually. (Theindonesiatoday.com)

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