Hersy

company The Hershey Company ACC-301-1339-Financial Accounting Instructor Jennings, Dexter By Shannon Ellis 8/20/2011 The Hershey Company (NYSE: HSY) is the largest producer of quality chocolate in North America and a global leader in chocolate and sugar confectionery. Headquartered in Hershey, Pa., The Hershey Company has operations throughout the world and more than 12,000 employees. With revenues of more than $5 billion, Hershey offers such iconic brands as HERSHEY'S, REESE'S, HERSHEY'S KISSES, KIT KAT, TWIZZLERS and ICE BREAKERS as well as the smooth, creamy indulgence of HERSHEY'S BLISS chocolates. Hershey is a leader in the fast-growing dark and premium chocolate segment, with such brands as HERSHEY'S SPECIAL DARK and HERSHEY'S EXTRA DARK. In addition, Artisan Confections Company, a wholly owned subsidiary of The Hershey Company, markets such premium chocolate offerings as SCHARFFEN BERGER and DAGOBA. For more than 100 years, The Hershey Company has been a leader in making a positive difference in the communities where we live, work and do business. Milton Hershey School, established by the company’s founder in 1909, provides a nurturing environment, quality education, housing, and medical care at no cost to children in social and financial need. The School is administered by the Hershey Trust Company, Hershey’s largest shareholder, making the students of Milton Hershey School direct beneficiaries of Hershey’s. The immediate success of Hershey’s low-cost, high-quality milk chocolate soon caused the company’s owner to consider increasing his production facilities. He decided to build a new chocolate factory amid the gently rolling farmland of south-central Pennsylvania in Derry Township, where he had been born. Close to the ports of New York and Philadelphia that supplied the imported sugar and cocoa beans needed, surrounded by dairy farms that provided the milk required, and with a local labor supply of honest, hardworking people, the location was perfect. By the summer of 1905, the new factory was turning out delicious milk chocolate. The Hershey Company is looking to expand their product line so that they can make more Hershey candy for the public. Looking to expand its product line, the company in 1907 began producing a flat-bottomed, conical milk chocolate candy that Mr. Hershey decided to name HERSHEY’S KISSES Chocolates. At first, they were individually wrapped in little squares of silver foil, but in 1921 machine wrapping was introduced. That technology was also used to add the familiar “plume” at the top to signify to consumers that this was a genuine HERSHEY’S KISSES Chocolate. In 1924, the company even had it trademarked. The Hershey company is not international and has stores in china and all over the world. The past year they have asked their union workers to take a pay cut so that they can try and save money and the workers said no they would not take a pay cut at all. With the outbreak of World war II the Hershey Chocolate Corp. (which had provided milk chocolate bars to American doughboys in the first war) was already geared up to start producing a survival ration bar for military use. By the end of the war, more than a billion Ration D bars had been produced and the company had earned no less than five Army-Navy “E” Production Awards for its exceptional contributions to the war effort. In the last decade the company has been able to produce more candy than any other company in the world they have made a lot of the ressee pieces and Hershey kisses . The following decades would see the company - renamed Hershey Foods Corporation in 1968 - expanding its confectionery product lines, acquiring related companies and even diversifying into other food products. Among the many acquisitions were San Giorgio Macaroni and Delmonico Foods (1966); manufacturing and marketing rights to English candy company Rowntree Mackintosh's products (1970); Y&S Candies, makers of TWIZZLERS licorice (1977); Dietrich Corp.’s confectionery operations (1986); Peter Paul/Cadbury’s U.S. confectionery operations (1988); and Ronzoni Foods (1990). Today the Hershey company is the leading company in north America manufacturer of the chocolate and non chocolate confectionery and grocery products .The Hershey company wants to intro duce more new products buy the end of 2011 and they are pushing it very hard because they want to make as much candy and be the worlds largest company. More than a century ago, Milton Hershey broke ground in Hershey, Pennsylvania, for what was to become the world's largest chocolate factory. Today, Hershey's manufacturing network produces the world's best chocolate and confectionery products for consumers around the globe. Take a tour of the plants and see where some of the iconic brands are made. Hershey, PA Hershey, Pa., is where it all started more than 100 years ago, and it's still where the famous HERSHEY'S KISSES Chocolates, HERSHEY'S Milk Chocolate bars and HERSHEY’S Milk Chocolate with Almonds bars are made. West Hershey, PA Coming Soon! REESE’S, Hershey, PA Come inside the REESE'S factory in Hershey, Pa., and check out the world-famous REESE'S Peanut Butter Cups and KIT KAT Wafer Bars. Lancaster, PA The facility in Lancaster, Pa., produces 1 million miles of TWIZZLERS Twists each year! Hazelton, PA The Hazleton, Pa., facility produces many consumer favorites, including KIT KAT, HERSHEY’S EXTRA DARK and CADBURY bars. Stuarts Draft, VA The Virginia facility makes REESE'S WHIPPS, TAKE 5, REESE'S PIECES and all-time favorites MOUNDS and ALMOND JOY candies. Robinson, IL The Illinois plant produces many of the popular brands loved by consumers, including PAYDAY, HEATH, WHOPPERS and MILK DUDS candies. Guadalajara, Mexico Hershey has been producing high-quality chocolate, confectionery and beverages in Mexico for more than 40 years. Hershey is committed to the responsible marketing of our products. Our strong values guide our behavior in all aspects of our brand-building work, and we apply these values to all consumer communications worldwide. At The Hershey Company, we make the chocolate brands that people love. Hershey's Mission Statement, Bringing sweet moments of Hershey happiness to the world every day, summarizes our company, our people, our past and our future. Our history of producing the world's best treats goes back more than 100 years. We take great pride in our brands and in the fun and enjoyment our products add to the lives of our consumers. Refrence Page www.Yahoo.com www.google.com