Cadbury Nigeria Plc is a food,

sweets Candy, alternatively called sweets or lollies, is a confection that features sugar as a principal ingredient. The category, also called ''sugar confectionery'', encompasses any sweet confection, including chocolate, chewing gum, and sugar can ...

and drink company headquartered in

Lagos Lagos ( ; ), or Lagos City, is a large metropolitan city in southwestern Nigeria. With an upper population estimated above 21 million dwellers, it is the largest city in Nigeria, the most populous urban area on the African continent, and on ...

Nigeria Nigeria, officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of Guinea in the Atlantic Ocean to the south. It covers an area of . With Demographics of Nigeria, ...

, and traded on the

Nigerian Stock Exchange The Nigerian Stock Exchange (NGX), now Nigerian Exchange Group, is an integrated stock exchange group in Africa founded in 1961 in Lagos. Following the demutualization of the NSE in 2021, NGX Group now has 3 subsidiaries - Nigerian Exchange Limit ...

. Cadbury Nigeria Plc is a subsidiary of

Mondelez International Mondelēz International, Inc. ( ) is an American Multinational corporation, multinational confectionery, food industry, food, Holding company, holding, drink industry, beverage and snack food company based in Chicago. Mondelez has an annual rev ...

, one of the largest snacking companies in the world. The firm's flagship product is Bournvita and it competes with brands from Nestle,

GlaxoSmithKline GSK plc (an acronym from its former name GlaxoSmithKline plc) is a British Multinational corporation, multinational Pharmaceutics, pharmaceutical and biotechnology company with headquarters in London. It was established in 2000 by a Mergers an ...

and Promasidor. They specialised in production and sales of food products. Their activity is organized around 2 families of product: Confectionery and beverages:

Bournvita Bournvita is a brand of malted and chocolate malt drink mixes manufactured by Cadbury, a subsidiary of Mondelez International. It is sold in the United Kingdom and North America, as well as India, Nepal, Bangladesh, Nigeria, Benin, and Togo. Bour ...

, Tom Tom, Ahomka,Ginger, Hacks and Buttermint brands. Cocoa-based products: cocoa powder, cocoa butter, cocoa liqueur and cocoa cakes.

Empowerment and initiatives

At a media discussion held at the company's headquarters in Lagos on October 5, 2022, Cadbury Nigeria Plc, a subsidiary of Mondelez International and the manufacturer of the renowned cocoa beverage Bournvita, presented outstanding participants of the annual Tech Boot Camp since its commencement. Since the boot camp's launch in 2019, Bournvita has trained more than 1,200 students in keeping with our social objective of promoting literacy by empowering young people to lead with digital skills. The project is in line with the company's initiatives to work with parents to support their children in pursuing their aspirations. Since its start, the boot camp has given Nigerian kids between the ages of 9 and 16 a place to learn and hone their talents in a variety of STEM-related fields, including artificial intelligence, gaming, robotics, and coding. 534 applications were chosen for the Bournvita Tech Bootcamp out of the 8,466 entries submitted for the 2022 session, a 44% increase over the 370 participants in 2021. By spearheading initiatives that encourage young people's scholastic development, Cadbury Nigeria has improved the mental and physical health of Nigerians through its flagship brand, Bournvita. Some of the brand's initiatives to make a positive difference in children's lives across the nation and to encourage them to develop relevant skills and talent for the 21st century include the Bournvita School Program, Bournvita Tech Boot Camp, and Bourn Factor Talent Competitio

History

Cadbury, Cadbury Schweppes history in Nigeria dates back to the 1950s when it began sourcing for

cocoa Cocoa may refer to: Chocolate * Chocolate * ''Theobroma cacao'', the cocoa tree * Cocoa bean, seed of ''Theobroma cacao'' * Chocolate liquor, or cocoa liquor, pure, liquid chocolate extracted from the cocoa bean, including both cocoa butter and ...

and also importing bulk products and repacking it into tins for sale in the country. Later finding increasing market opportunities in the country, the group set up a manufacturing facility in January 1965. The firm became a publicly quoted company in 1976 when Cadbury Schweppes sold 20% of its interest in the firm. The firm's investment in the

integration Integration may refer to: Biology *Multisensory integration *Path integration * Pre-integration complex, viral genetic material used to insert a viral genome into a host genome *DNA integration, by means of site-specific recombinase technology, ...

of its

supply chain A supply chain is a complex logistics system that consists of facilities that convert raw materials into finished products and distribute them to end consumers or end customers, while supply chain management deals with the flow of goods in distri ...

led to the establishment of a

sorghum ''Sorghum bicolor'', commonly called sorghum () and also known as great millet, broomcorn, guinea corn, durra, imphee, jowar, or milo, is a species in the Poaceae, grass genus ''Sorghum (genus), Sorghum'' cultivated for its grain. The grain i ...

conversion plant and Stanmark Industries in

Ondo Ondo may refer to: Places * Ondo, Hiroshima, Japan, a former town * Ondo State, Nigeria ** Roman Catholic Diocese of Ondo, Ondo State ** Ondo Town, a town in the state * Ondo Kingdom (c. 1510–1899), a state with its capital in Ode Ondo (now Ondo ...

, a cocoa processing plant. Stanmark provides raw materials for its key product,

and is a source of

foreign currency A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environm ...

through exportation of cocoa products. In 2006, the subsidiary processed 15,000 tonnes of cocoa beans into

cocoa butter Cocoa butter, also called theobroma oil, is a pale-yellow, edible Vegetable oil, fat extracted from the cocoa bean (''Theobroma cacao''). It is used to make chocolate, as well as some ointments, toiletries, and pharmaceuticals. Cocoa butter h ...

cocoa liquor Chocolate liquor, also called cocoa liquor, paste or mass, is pure cocoa in liquid or semi-solid form. It is produced from cocoa bean nibs that have been fermented, dried, roasted, and separated from their skins. The nibs are ground to the point ...

and

cocoa powder Dry cocoa solids are the components of cocoa beans remaining after cocoa butter, the fatty component of the bean, is extracted from chocolate liquor, roasted cocoa beans that have been ground into a liquid state. Cocoa butter is 46% to 57% of the ...

. In 2006, the firm released a statement disclosing financial misstatements in a number of previous

annual report An annual report is a comprehensive report on a company's activities throughout the preceding year. Annual reports are intended to give shareholders and other interested people information about the company's activities and financial performance. ...

s. Immediately after the disclosure, the CEO and finance director resigned their positions. The firm later announced it will be taking exceptional item charges on its balance sheet as a result of the misstatements.

Brands

The firm's major products are Bournvita and Tom Tom. The former was introduced to the country in 1960 and the latter in 1970. Following the establishment of a manufacturing plant in 1965, the firm spent funds on advertising Bournvita, and in the process increased the market share of the brand. Bournvita later became a market leader in its category. To improve nutritional needs, in 1994, the firm included essential vitamins and minerals in Bournvita. Other products of the company include Cadbury Eclairs, Malta sweets, Trebor and Peppermint original.

Beverages A drink or beverage is a liquid intended for human consumption. In addition to their basic function of satisfying thirst, drinks play important roles in human culture. Common types of drinks include plain drinking water, milk, juice, smoothie ...

contributed 58% of its revenues in 2018 and sweets contributed 26%. In addition, it markets Creme Rollers, Chocki, Hall Take 5 and Bubba Gum. In 2022 financial year, Cadbury Nigeria reports 110% increase in profit after tax from N449.712 million achieved a year ago to N946.093 million.

References

External links

Cadbury Nigeria PLC
{{Webarchive, url=https://web.archive.org/web/20210516003610/https://ng.mondelezinternational.com/ , date=2021-05-16 Food and drink companies based in Lagos Manufacturing companies based in Lagos Nigerian subsidiaries of foreign companies Cadbury