Global cocoa supply agreement

BARRY Callebaut is to become Kraft Foods key global cocoa and industrial chocolate supplier under a long-term global master product agreement, wherein the parties expect Barry Callebaut to deliver the majority of Kraft Foods cocoa products and industrial chocolate requirements around the world. The agreement, which also includes some of the Cadbury liquid chocolate deliveries under the current outsourcing agreement, is expected to more than double the world's leading cocoa supplier's existing business with Kraft Foods. The parties agreed not to disclose any further terms of the agreement. As a result of this agreement, Barry Callebaut will increase its production capacities primarily in the United States, Canada, C詔e d'Ivoire and Malaysia as well as in Europe and invest approximately $65 million over the next two years. The additional volumes will be built up gradually over a period of three years, starting immediately.Air Jordan