Italy’s Chocolate Maker, Ferrero, to Construct New Factory in Hangzhou, Zhejiang Province

Ferrero International SA, the world’s third-largest chocolate maker, expects to create 500 to 700 jobs next year in Hangzhou after launching its first East Asian factory, the biggest investment ever, in the capital of Zhejiang province. Giovanni Ferrero, the family-owned company’s chief executive, said China now represents one of the world’s most promising markets for

For the First Time in its Company’s History, Hershey Launches a New Candy Brand Outside the USA

Today [21 May 2013] The Hershey Company announced it is launching an innovative new candy brand in China called “Lancaster™.” The new products will initially launch in three cities – Wuhan, Hangzhou and Chengdu – in June, followed by a wider distribution in 2014…Full-text article: The Hershey Company May 2013 Key point The “Nai Bei”