date:Jun 27, 2012
nufacture in Shanghai, which it says has helped to leverage local products.
The company said it had repacked Hersheys Kisses for the Chinese market and said the packaging innovation has helped Kisses sales grow 97% year-on-year since its launch.
Other developing markets
Mexico and Brazil were identified as Hersheys two other focus markets for growth outside the US and Canada.
The company recorded an 8% and 16% CAGR in Mexico and Brazil respectively.
In Mexico, the company plans to launch th