Master Kong

Tingyi (Cayman Islands) Holding Corporation
Tingyi (Cayman Islands) Holding Corporation
頂益（開曼島）控股有限公司; Dǐngyì（Kāimàn dǎo）Kònggǔ Yǒuxiàngōngsī
Native name
康師傅控股有限公司
TypePublic company
SEHK: 322
TWSE: 910322
IndustryFoods
Founded1991
Headquarters
Taipei, Taiwan
Tianjin, China
Area served
China
Key peopleCEO Wei Junxian
ProductsInstant noodles, beverages, baked goods, soft drinks, bottled water
ParentTing Hsin International Group (33.48%)
Sanyo Foods Co., Ltd (33.48%)
Websitewww.masterkong.com.cn

Master Kong (traditional Chinese: 康師傅控股有限公司; simplified Chinese: 康师傅控股有限公司; pinyin: Kāng-shīfu Kònggǔ Yǒuxiàngōngsī) is an instant noodle producer in China.

Established in 1991, Master Kong is a branded company headquartered in Taipei, Taiwan and Tianjin, China. It produces instant noodles, beverages, and cakes.

Master Kong reported a revenue and net profit of 62 and 3.3 billion yuan, respectively, accounting for 43.3% of instant noodle market.

Since November 2011, Master Kong produces producing non-alcoholic beverages for PepsiCo. The company also produce bottled and canned coffee drinks for Starbucks since March 2015.

In June 2018, Master Kong was shortlisted in the national brand project of Xinhua News Agency.

History

The company was founded in Tianjin by the Wei brothers from Changhua County, Taiwan in 1991. It was listed on the Hong Kong Stock Exchange in 1996.

It is owned 33.48% by Ting Hsin International Group and 33.48% by Sanyo Foods.

In March 2011, Unilever was fined 2 million Yuan for the distribution of information about future price hikes and Tingyi was given a warning about publicly discussing their price increases.

In June 2011, Master Kong was recognized by market research firm, TNS, to be the second most valued brand in China.

As of 2013, its main competitors are Want Want China and Uni-President.

In 2014, Master Kong was facing a food safety problem in Taiwan. In 2015, Master Kong stopped distributing its instant noodles in Taiwan. The group's board of directors has approved a plan to completely withdraw from the Taiwanese market.

See also

References

  1. ↑ 2018 Cross-Strait New Economic Forum held in Beijing. Xinhua News Agency. 2018-09-20.
  2. 1 2 "China's Tingyi Q1 profit falls 47 pct as sales slow". Reuters. 20 May 2013. Archived from the original on 2 September 2014. Retrieved 2013-05-30.
  3. 1 2 ""免疫力"成康师傅年报亮点：2019年多赚35%，手握174亿现金 -新华网". www.xinhuanet.com. Archived from the original on August 7, 2020. Retrieved 2020-03-30.
  4. ↑ "Tingyi Holding and PepsiCo Finalize Strategic Alliance in China" (Press release).
  5. ↑ "Starbucks Signs Agreement with Tingyi Holding Corp. to Expand in China's $6 Billion Ready-to-Drink Coffee & Energy Category" (Press release). 18 March 2015.
  6. ↑ "康师傅入选新华社民族品牌工程 以航天品质践行民族品牌企业使命". Archived from the original on June 27, 2018.
  7. ↑ "Tingyi to take on local instant noodle makers - Taipei Times". www.taipeitimes.com. 26 November 2002.
  8. ↑ "irasia.com - Tingyi (Cayman Islands) Holding Corp". www.irasia.com.
  9. ↑ "Tingyi Targets Up to 16% Growth on China Stimulus (Update1)". Bloomberg. 23 October 2009.
  10. ↑ Sonne, Paul (2011-05-07). "China Fines Unilever for Price Comments". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-10-28.
  11. ↑ Wang, Joy (1 April 2011). "Unilever, Ting Hsin delay hike in China". Shanghi Daily and RetalInAsia.com. Retrieved 2013-05-30.
  12. ↑ Wexler, Alexandra (July 4, 2011). "Noodles and Electronics: Asia's Most Valued". Wall Street Journal.
  13. ↑ 中時電子報. "康師傅精燉蔥燒排骨湯麵 回收 - 財經". 中時電子報 (in Chinese). Retrieved 2019-09-16.
  14. ↑ "Master Kong withdrawing from Taiwan - Taipei Times". www.taipeitimes.com. 4 January 2017. Retrieved 2019-09-16.