Svitoch

Svitoch (Ukrainian: Світоч) is a Lviv-based Ukrainian confectionery manufacturer. It is owned by Nestlé since 1998.[2] The company produces chocolate, chocolate candy, lollipops and many other types of candy.

Svitoch
Native name
Світоч
TypeSubsidiary
IndustryConfectionery
Founded1962 (1962) in Lviv, Ukrainian SSR
Headquarters
Lviv
,
Ukraine
Key people
ParentNestlé

Overview

The confectionery was established as Svitoch in 1962 through the merging of various confectionaries,[3] although it traces its history under other names to 1882.[4] In the Soviet era, Svitoch was considered one of the best manufacturers, along with the Rot Front and Babaevsky chocolate factories. After its acquisition by Nestlé in mid-1990s, the company opted to produce more Western-style chocolate with lower cocoa content and was forced to move into middle segment of the market, losing some of its appeal, but gaining greater turnovers. It is unclear how this will affect its future development, though, as dark, highly sophisticated chocolate is becoming increasingly more popular with Ukrainians. This change in strategy provoked a labour dispute in late 1990s.

In 2013, Nestlé invested $4.4 million in modernising the Svitoch factory.[5]

Svitoch rebranded Strela candy (Ukrainian: Стріла - Arrow) as Stozhary (Ukrainian: Стожари - Pleiades)[6] but had little success.

See also

References
  1. "Svitoch Lviv Confectionery Firm Closed Joint Stock Company: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2017-09-27.
  2. "Світоч". www.nestle.ua (in Ukrainian). Retrieved 2017-08-30.
  3. "The History of the Soviet Factory "Svitoch"". www.lvivcenter.org. Retrieved 2017-08-30.
  4. Charnomskyi, Viktor (2008-05-22). "Хто з'їв "Світоч"". portal.lviv.ua (in Ukrainian). Retrieved 2017-08-30.
  5. "UKRAINE: Nestle to invest in Svitoch confectionery facility". 2013-07-26. Retrieved 2017-09-27.
  6. "Коробки". www.nestle.ua (in Ukrainian). Retrieved 2017-08-30.


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