Cadbury Nigeria Plc is a food,

sweets Candy, also called sweets (British English) or lollies (Australian English, New Zealand English), is a confection that features sugar as a principal ingredient. The category, called '' sugar confectionery'', encompasses any sweet confection, i ...

and drink company headquartered in

Lagos Lagos (Nigerian English: ; ) is the largest city in Nigeria and the List of cities in Africa by population, second most populous city in Africa, with a population of 15.4 million as of 2015 within the city proper. Lagos was the national ca ...

Nigeria Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf o ...

and traded on the

Nigerian Stock Exchange The Nigerian Stock Exchange (NSE) now Nigerian Exchange Group is a Nigerian stock exchange founded in 1961 in Lagos. As of November 2019, it has a total of 161 listed companies, with 8 domestic companies on the premium board, 144 companies on the ...

. Cadbury Nigeria Plc is a subsidiary of

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

, 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, formerly GlaxoSmithKline plc, is a British multinational pharmaceutical and biotechnology company with global headquarters in London, England. Established in 2000 by a merger of Glaxo Wellcome and SmithKline Beecham. GSK is the ten ...

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. Bournv ...

, 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 In commerce, a supply chain is a network of facilities that procure raw materials, transform them into intermediate goods and then final products to customers through a distribution system. It refers to the network of organizations, people, acti ...

led to the establishment of a

sorghum ''Sorghum'' () is a genus of about 25 species of flowering plants in the grass family (Poaceae). Some of these species are grown as cereals for human consumption and some in pastures for animals. One species is grown for grain, while many othe ...

conversion plant and Stanmark Industries in

Ondo Ondo may refer to: Japan * Ondo, Hiroshima * Ondo (music), a style of folk music * ''Ondo'' class oiler, ships of the Imperial Japanese Navy Nigeria * Ondo City * Ondo State * Roman Catholic Diocese of Ondo * Ondo Kingdom (c. 1510–1899) People ...

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

and is a source of

foreign currency A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" 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 def ...

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 fat extracted from the cocoa bean. It is used to make chocolate, as well as some ointments, toiletries, and pharmaceuticals. Cocoa butter has a cocoa flavor and aroma. Its melti ...

cocoa liquor Chocolate liquor (cocoa liquor) is pure cocoa mass (cocoa paste) in solid or semi-solid form. Like the cocoa beans (nibs) from which it is produced, it contains both cocoa solids and cocoa butter in roughly equal proportion. It is produced fr ...

and

cocoa powder 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 ...

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

annual reports 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. ...

. 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, smoothies a ...

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

{{reflist

External links

Cadbury Nigeria PLC
Food and drink companies based in Lagos Manufacturing companies based in Lagos Nigerian subsidiaries of foreign companies Cadbury