CAMDEN, N.J.–(BUSINESS WIRE)–Dec. 4, 2008–Campbell Soup Company (NYSE:CPB) today announced the expansion of its Chinese broth business with the launch of its “Swanson” broth products in Shanghai.
The company launched the “Swanson” range in October 2007 in the lead market of Guangdong province.
Shanghai has 18 million residents and an affluent middle class. Campbell’s research indicates that 72 percent of the population eats a bowl of soup every day. Campbell plans to support the launch with an integrated marketing campaign, including television advertising and an extensive sampling and education program in residential, commercial and in-store locations.
Larry McWilliams, President, Campbell International, said, “Initial consumer response to our ‘Swanson’ broth range has been very positive. We have created a loyal consumer base in our lead market due to our unique offering. As we expand our geographic distribution, we plan to apply what we’ve learned from our initial efforts during the past twelve months and work hard to encourage consumer trial and build product availability. We have built strong, collaborative partnerships with key modern retailers and are tracking well on initial distribution, exceeding our first month’s target of listing the product in 1,000 retail outlets in Shanghai.”
McWilliams continued, “Our ‘Swanson’ broth range represents a new product category for the Shanghai market. Traditionally, when consumers wanted to save time preparing soup or noodle dishes they used dried bouillon mixes, which are often high in MSG. Our products provide a fresh alternative for people wanting to prepare healthy, traditional meals, quickly.”
“Swanson” broth base products are positioned as a natural, convenient and high- quality alternative to traditionally prepared soups and broths, which can take between one and five hours to cook. These broths are also used as a base for popular noodle, soup and rice dishes. “Swanson” products are 97 percent fat free and contain no added MSG or artificial colors or flavors.
Campbell has forged a manufacturing and distribution partnership with Swire Pacific for the Shanghai launch.
About Campbell Soup Company
Campbell Soup Company is a global manufacturer and marketer of high-quality foods and simple meals, including soup, baked snacks, and healthy beverages. Founded in 1869, the company has a portfolio of market-leading brands, including “Campbell’s,” “Pepperidge Farm,” “Arnott’s,” and “V8.” For more information on the company, visit Campbell’s website at www.campbellsoup.com.
CONTACT: Campbell Soup Company Media: Anthony Sanzio, 856-968-4390 or Analysts: Leonard F. Griehs, 856-342-6428 Source: Campbell Soup Company