SEOUL, June 25 (Korea Bizwire) — CJ Cheiljedang Corp., South Korea’s leading food manufacturer, is moving aggressively to expand its ‘white biotechnology’ ventures. White biotechnology refers to replacing the main raw materials of the chemical industry with biomaterials using renewable resources or biological agents such as microorganisms and enzymes. The company recently signed a memorandum [...]
SEOUL, Nov. 4 (Korea Bizwire) — CJ Cheiljedang Corp., South Korea’s top food maker, announced on Tuesday that it is making inroads in the ‘white biotechnology’ market, which is regarded as one of the most promising future industries. White biotechnology refers to the production of commodities such as industrial materials or biofuels using plants and [...]
SEOUL, Jan. 29 (Korea Bizwire) — CJ Cheiljedang Corp., South Korea’s top food maker, hosted a cooking class for Korean food with local influencers at the Bibigo pop-up restaurant in Rockefeller Center in New York City. The event was held in celebration of the Lunar New Year, inviting 23 participants including local media including ABC [...]
SEOUL, May 2 (Korea Bizwire) — The domestic market for frozen food grew from 20 billion won in 2014 to 70 billion won in 2017. CJ CheilJedang, the largest player in the frozen food industry, announced that sales of its “Bibigo” frozen food products topped 33 billion won last year, a twofold increase from 2016. [...]
SEOUL, March 13 (Korea Bizwire) — Food processing companies are raising prices of their products citing rising costs of raw materials, labor and other outlays, industry sources said Tuesday. CJ Cheiljedang Corp., South Korea’s largest food and feed company, increased the prices of five kinds of Korean dumplings by an average 6.4 percent March 1. [...]
SEOUL, Nov. 8 (Korea Bizwire) – CJ Cheiljedang Corp., South Korea’s leading food manufacturer, said Wednesday its net profit rose 17.6 percent in the third quarter from a year earlier on the back of brisk sales of its processed food products. Net income came to 263 billion won (US$236 million) on a consolidated basis in [...]
SEOUL, Oct. 11 (Korea Bizwire) – CJ Cheiljedang Corp., South Korea’s leading processed foods maker, said Wednesday it will invest 200 billion won (US$176 million) to further foster its instant meal business in the next three years to meet robust consumer demands. The affiliate of the country’s food and entertainment giant CJ said it aims [...]
SEOUL, Aug. 28 (Korea Bizwire) — CJ Cheiljedang Corp., South Korea’s leading maker of processed foods, said Monday it has completed the acquisition of a Brazilian company to expand its foothold in the vegetable protein business. Earlier in June, the Korean firm announced its plan to buy Selecta, a Brazilian company that manufactures soy protein [...]
SEOUL, Jul. 12 (Korea Bizwire) — CJ Cheiljedang Corp., South Korea’s leading maker of processed foods, said Wednesday it will sell all of its stake in Samsung’s life insurer through block trading, as the company pushes to jack up investment. The company will unload 2.98 million shares worth 357 billion won (US$311 million), or a [...]
SEOUL, Dec. 20 (Korea Bizwire) – CJ Cheiljedang Corp., South Korea’s largest food company, said Tuesday it has completed two animal feed plants in Indonesia as part of efforts to expand its presence in the Southeast Asian market. One plant located in Central Java’s Batang has a 260,000-ton annual capacity of feed for chickens and [...]