date:Jul 27, 2012
it looks to gain traction in the US and international markets.
The company will also soon open a RD centre in China as announced last year to develop China and Asia-Pacific products.
It also plans a new manufacturing site in Asia at an as yet unnamed location, as announced in a webcast last month.
Since 2007, Hersheys business in China has grown faster than any other market with an 88% compound annual growth rate (CAGR).
Input costs and outlook
The company said that it expects $10m higher