"Under the terms of the agreement, Barry Callebaut will become Unilever's strategic global supplier and innovation partner of choice for its cocoa and chocolate needs," the two said in a joint statement.
The new supply agreement builds on an existing relationship and will nearly double Barry Callebaut's current volumes with consumer goods company Unilever, a leading ice cream maker, the companies said.
"This agreement is based on a successful long-standing collaboration between our two companies," Juergen Steinemann, CEO of Barry Callebaut, said in a statement.
Barry Callebaut will ultimately provide 70% of Unilever's global cocoa and chocolate products under a joint development plan that includes co-operation in innovation, sustainable sourcing, capacity expansion and improving the value of their products.
"Our Ice Cream category has a significant role to play in Unilever's sustainable growth model to deliver our ambition of doubling the size of our business whilst reducing our environmental impact," said Kevin Havelock, president of Unilever's refreshment products group.
As a result of the agreement, Barry Callebaut will invest approximately 22 million Swiss francs (18 million euros, US$23.5 million) in its global factory network to meet the needs of the long-term partnership agreement, the two companies said.
Source: AFP
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
