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Agenda - 10-15-2024; 8-a - Minutes
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Agenda - 10-15-2024; 8-a - Minutes
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10/10/2024 1:32:23 PM
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BOCC
Date
10/15/2024
Meeting Type
Business
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Agenda
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8-a
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14 <br /> 1 In Japan, which is the world's #2 overall largest candy and confectionary market (behind <br /> 2 the USA), the Company has over 40 different product lines,where it holds the#1 Japanese <br /> 3 domestic market-share for candy. Morinaga ranks similar to Kellogg Company, Mars and <br /> 4 Nestle in terms of worldwide retail sales. <br /> 5 <br /> 6 Among Japan's top 3 competing confectionary makers, Morinaga ranks #1 for candy and <br /> 7 caramel products, #2 for biscuits, and #3 for chocolate products. The chewy fruit flavored <br /> 8 snack "HI-CHEW" holds the #1 spot within Japan and is the company's current product <br /> 9 made here in Orange County. <br /> 10 <br /> 11 Morinaga is aggressively marketing HI-CHEW across the United States and has <br /> 12 successful store displays at Target, COSTCO, 7-Eleven, and Kroger, and is found locally <br /> 13 at the Streets at Southpoint Mall ("It's Sugar", "World Market"). Sales in the U.S. have <br /> 14 been increasing 20%-25% annually. <br /> 15 <br /> 16 Additional product lines include frozen desserts (19%), foodstuffs (10%), and the <br /> 17 internationally renowned Weider-brand health care products such as energy drinks, <br /> 18 nutritional vitamin/mineral supplements & protein bars, & collagen-based beauty products <br /> 19 (16% of sales). <br /> 20 <br /> 21 • Morinaga America, Inc. was established in Los Angeles in 2008 for the purpose of <br /> 22 introducing the company's various product lines throughout the USA, starting with HI- <br /> 23 CHEW. The "Hi-Chew" logo is advertised at all Duke University sporting events and can <br /> 24 be seen nationally on all televised Duke NCAA basketball and football games. <br /> 25 <br /> 26 • Overseas partners include serving as the trademark distributor, licensee, or supplier for <br /> 27 world-class confectionary companies such as Disney Japan, SUNKIST Growers, PEZ, <br /> 28 Perfetti van Melle (Italy), Storck (Germany), Dare Foods (Canada) and Barry Callebaut <br /> 29 AG (Switzerland). <br /> 30 <br /> 31 Management's corporate philanthropy strives to be a "company that improves the lives of <br /> 32 children worldwide". The firm partners with international non-governmental organizations <br /> 33 (NGOs) in developing nations, and places a special emphasis promoting healthy nutrition, <br /> 34 and funding for school facilities and educational supplies, especially among West African <br /> 35 countries. <br /> 36 <br /> 37 Morinaga was the first Japanese corporation to be affiliated with the World Cocoa <br /> 38 Foundation (WCF), which was established with the objective to foster a sustainable cocoa <br /> 39 industry and prevent the use of child labor in developing nations. This is achieved through <br /> 40 the environmental protection of regions where major global chocolate corporations <br /> 41 cultivate cocoa, and through economic and social development. Technical guidance and <br /> 42 training support is provided to cocoa farmers through various programs that protect the <br /> 43 natural and social environment. <br /> 44 <br /> 45 Sustainability, Diversity & Inclusion corporate principles: <br /> 46 The Morinaga Group's Sustainability of Morinaga I morinaga & co., ltd. <br /> 47 <br /> 48 Additional Company Information <br /> 49 0 Morinaga America Foods About Us: https://morinaga-america.com/story/ <br />
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