Mondelez News

Lucknow has witnessed approximately Rs 400 crore of investment by leading players like Amazon, Mondelez, Flipkart in the last five years, and an additional Rs 70 crore investment is expected in the development of warehouses in the city, according to a report by CBRE. Demand for quality warehousing space has consistently grown in Lucknow over the past 5 years and attained record levels in FY23. The total leasing in Lucknow region in 2022-23 stood at 0.18 mn.

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Snack company Mondelez India is expanding its manufacturing plant's capacity at Sri City in Tirupati district and Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy virtually took part in the foundation stone-laying ceremony on Tuesday. With an investment of Rs 1,600 crore, this project, first announced during the Global Investors Summit (GIS) in Visakhapatnam is taking off now.

₹1,600 crore for add to its chocolate making capacity at its existing manufacturing plant in Sri City, Andhra Pradesh. The move is aimed catering to the growing demand for its brands such as Cadbury Dairy Milk. The investment by the chocolate maker will add to its chocolate-making capacity over the next three years, helping Sri City become one of Mondelēz International’s largest chocolate production plants globally.

Multi-use, mid-sized packs in categories such as confectionery, personal care and home care products witnessed a higher uptake in the June quarter of 2023, as per data from Bizom, a retail intelligence platform. In confectionery, mid-priced packs grew 2. 5 per cent during the quarter, while the growth in high-value packs in the same category declined by an equal proportion. Consumers clearly preferred mid-priced packs in personal care goods grew by three per cent, while low-priced packs declined by 3. 4 per cent. In home care, mid-priced packs rose 7. 1 per cent, as consumers upgraded from low-price packs which saw a fall of 6. 8 per cent, thus driving growth in this category. “Consumers seem to be looking for greater value among confectionery, personal care as well as home care products. Here we see a strong movement into multiuse, mid-sized packs that offer the flexibility of limited spending and greater value than smaller-sized ones, ” Bizom’s chief of growth and insights, Akshay D’Souza, said to TOI.

Soaring prices and sugar shortages have makers of candy canes, peanut brittle and lollipops feeling sour. Tight sugar supplies are pushing up candy companies’ costs and, in some cases, cutting into production of sweets, executives said. Candy producers said the root of the problem lies with U.S.

(Reuters) — Aspartame, one of the world's most popular sweeteners, has been deemed a «possible carcinogen» by two groups linked to the World Health Organization, though it remains safe for consumption at already-agreed levels.

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A Yale professor and his research team are keeping tabs on companies that are still operating in Russia in the wake of its invasion of neighbouring Ukraine — and the list includes many household names.

Check out the companies making headlines in midday trading.

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