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CJ Cheiljedang Expands ‘White Biotechnology’ Business

CJ Cheiljedang Expands ‘White Biotechnology’ Business

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 [...]

CJ Cheiljedang Makes Forays in White Biotechnology Market

CJ Cheiljedang Makes Forays in White Biotechnology Market

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 [...]

Food Companies Raising Prices due to Rising Cost of Raw Materials, Labor Costs

Food Companies Raising Prices due to Rising Cost of Raw Materials, Labor Costs

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. [...]

CJ Cheiljedang to Spend 200 Billion Won on Instant Food Business

CJ Cheiljedang to Spend 200 Billion Won on Instant Food Business

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 [...]

CJ Cheiljedang Buys Brazilian Firm, Launches Vegetable Protein Manufacturer

CJ Cheiljedang Buys Brazilian Firm, Launches Vegetable Protein Manufacturer

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 [...]

CJ Cheiljedang to Sell Stake in Samsung Affiliate via Block Deal

CJ Cheiljedang to Sell Stake in Samsung Affiliate via Block Deal

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 [...]