Haribo has manufactured gummy bears, since 1920. Those bears are currently made in 16 plants around the world. Starting in 2020, those gummy bears will also be made in the US when Haribo opens a new plant in Wisconsin. Worldwide, about 100 million gummy bears are made by Haribo per day. The ingredients in gummy bears are sugar, glucose syrup, starch, flavoring, food coloring, citric acid, and gelatin. Gummy bears are made in a special machine called a starch mogul. A flat gummy bear mold tray is filled with powered starch. (The flat tray is why gummy bears are flat on the backside.) A hot, liquid gummy bear mixture is poured into the tray. The tray is cooled overnight and then the gummy bears are removed and the process starts over with the now emptied tray with more of the gummy bear mixture. Gummy bears are package by machine into a variety of package sizes. The Haribo gummyars come in five colors including red (raspberry), green (strawberry), colorless (pineapple), orange (orange), and yellow (lemon.)

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.