Brazilian chocolate producer Chocolates Garoto has announced its aim to conquer different markets with its new products, which have already been launched in the Philippines, Italy, Angola, Cape Verde and Taiwan.
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Garoto, which currently operates in 48 countries, aims to increase its business in Korea, Japan and the Middle East, while also aiming for a general increase in the amount of sales accounted for by exports.
The company, which is controlled by Swiss food giant Nestlé, also wants to resume the previous export volume to Latin America that plummeted 45% in 2002, mainly due to the financial crisis in Argentina. At the moment 60% of Garoto’s exports are destined for Latin America, while 30% go to the US, reported Gazeta Mercantil.
