SEOUL, Jun. 20 (Korea Bizwire) – CJ CheilJedang, a leading food company in South Korea, has taken an active stance in upcycling, repurposing wheat bran, a byproduct of flour milling, as an ingredient in bread products. The company announced on June 19 that it is expanding synergies by investing in two food startups, Re:Harvest and SnE [...]
SEOUL, March 22 (Korea Bizwire) — Sales of frozen snacks rose sharply in 2017 from the previous year, industry data showed Thursday, amid the growing popularity of frozen pizza, hot dogs and other snacks. The sales figure soared to 134.2 billion won (US$125 million) last year from 61 billion won the previous year, according to [...]
SEOUL, Feb. 8 (Korea Bizwire) — CJ Cheiljedang Corp., South Korea’s leading food manufacturer, said Thursday its net profit rose 16.8 percent in 2017 from a year earlier on the back of brisk performance of its processed foods and overseas businesses. Net income came to 412.8 billion won (US$379.3 million) on a consolidated basis last [...]
SEOUL, June 24 (Korea Bizwire) – Before the commercial sales of its new bio-methionine product “L-Methionine,” CJ CheilJedang held a discussion forum to inform the strengths of the product and set up a marketing strategy with the world’s renowned scientists. CJ held the first Amino Acid Forum in Animal Nutrition at CJ Human Ville in [...]
SEOUL, May 9 (Korea Bizwire) – CJ CheilJedang announced its first-quarter sales results on May 8. Its sales revenue slightly increased to 1.8 trillion won, a 0.3-percent rise from the same period of the previous year. However, its operating profit showed a 12.7-percent decrease to 98.8 billion won due to a slump in domestic consumption [...]