MundoAndino Home : Andes Colombia Guide at Mundo Andino
Grupo Nacional de Chocolates
Grupo Nacional de Chocolates S.A. is a food processing conglomerate headquartered in Medellin, Colombia.
The group's principal activity is operating the food industry with focus on producing, distributing and selling chocolates; roasted and milled coffee; cereals; pasta; meat; food for human and animal consumption; sausages; candies; sugar; honey; and crackers. Other activities include the investment or application of resources or cash under whatever form authorized by law and the exploration of the metal-mechanic and packaging industry.
In 2004, the group began their international expansion, acquiring several companies in Central America and the Caribbean. As of 2008, the Grupo Nacional de Chocolates continue expanding and consolidating their presence in the region.
Company history
In 1912, Fabrica de Galletas y Confites (a company making biscuits and confectionery) was set up in Medellin, Colombia. In 1925, the company changed its name to Fabrica de Galletas Noel S.A. and again in 1999 to Compania de Galletas Noel S.A. In 1920, a chocolate-processing company under the name of Compania Nacional de Chocolates Cruz Roja was founded and later changed its name to Compania Nacional de Chocolates, S.A. In 1933, this company acquired stake in the biscuit firm and thus paved the way for the subsequent creation of the food conglomerate.
In 1950, with the boom of the coffee industry, Compania Colombiana de Cafe S.A.- Colcafe, was created and soon become an important Colombian export company.
In 1993, the confectionery company, Compania Dulces de Colombia S.A. was set up. In 1995, the Organizations trading companies were established abroad forming what is known today as the Corialsa network, first in Ecuador and second in Venezuela. The company also made its first investment abroad and expanded its meat-processing business with Industrias Alimenticias Hermo de Venezuela S.A. In 1999, the Organization spun off two of its companies, Noel and Zenu.
In 2003, the holding company Inversiones Nacional de Chocolates S.A. came into being, with important interests in chocolate and coffee businesses as well as the Organizations food investment company Inveralimenticias . In 2004, the organization began expanding into Central America and the Caribbean through the purchase of Nestles cookie and chocolate plants in Costa Rica. In 2006, the Organization changed its name to Grupo Nacional de Chocolates S.A.
Business Strategy
Mission is to progressively create value, obtain an outstanding return on investment and surpass the cost of employed capital. The organization seeks to improve consumers quality of life and the progress of employees.
Need more information for your travel research or homework?
Ask your questions at the forum about Companies of Colombia or help others to find answers.
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article Grupo Nacional de Chocolates
