Tingyi (Cayman Islands) Holding Corporation

Last updated
Tingyi (Cayman Islands) Holding Corporation
康師傅控股有限公司
Privately owned company
Industry Foods
Founded1991
Headquarters,
Area served
China
Key people
Chairman and CEO: Wei Ing-Chou  [ zh ]
Products instant noodles, beverages, baked goods, soft drinks, bottled water
Parent Ting Hsin International Group
Website Tingyi (Cayman Islands) Holding Corporation (Mainland China)
Tingyi (Cayman Islands) Holding Corporation (Taiwan)

Tingyi (Cayman Islands) Holding Corporation (simplified Chinese :康师傅控股有限公司; traditional Chinese :康師傅控股有限公司; pinyin :Kāng-shīfu Kònggǔ Yǒuxiàngōngsī; formerly (顶益(开曼岛)控股有限公司; 頂益(開曼島)控股有限公司; Dǐngyì (Kāimàn Dǎo) Kònggǔ Yǒuxiàngōngsī; SEHK :  322) is the largest instant noodle producer in China. It specialises in the production and distribution of instant noodles, [1] beverages, baked goods and soft drinks with its brand name, Master Kong (康師傅). [2] [3] Its headquarters are in the Tianjin Economic-Technological Development Area in Binhai, Tianjin. [4]

Contents

History

The company was founded in Tianjin by the Wei brothers from Changhua County, Taiwan in 1991. [5] It was listed on the Hong Kong Stock Exchange in 1996. [6]

It is a wholly owned subsidiary of Ting Hsin International Group. [7]

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. [8]

In June 2011, Master Kong [9] was found by market research firm TNS to be the second most valued brand in China. [10]

As of 2013, its main competitors are Want Want China and Uni-President. [1]

In 2014, Master Kong was facing the food safety problem in Taiwan. [11]

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. [12]


See also

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References

  1. 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.
  2. "Tingyi, Japanese firms join up - Taipei Times". www.taipeitimes.com.
  3. "Tingyi (Cayman Islands) Holdings Corp. - Company Snapshot". www.alacrastore.com.
  4. "联系我们." Master Kong. Retrieved on April 11, 2014. "总部地址:中国天津经济技术开发区第三大街15号"
  5. "Tingyi to take on local instant noodle makers - Taipei Times". www.taipeitimes.com.
  6. "irasia.com - Tingyi (Cayman Islands) Holding Corp". www.irasia.com.
  7. "Tingyi Targets Up to 16% Growth on China Stimulus (Update1)". Bloomberg. 23 October 2009.
  8. Sonne, Paul (2011-05-07). "China Fines Unilever for Price Comments". Wall Street Journal. ISSN   0099-9660 . Retrieved 2019-10-28.
  9. Wang, Joy (1 April 2011). "Unilever, Ting Hsin delay hike in China". Shanghi Daily and RetalInAsia.com. Retrieved 2013-05-30.
  10. Wexler, Alexandra (July 4, 2011). "Noodles and Electronics: Asia's Most Valued".
  11. 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.
  12. "Master Kong withdrawing from Taiwan - Taipei Times". www.taipeitimes.com. Retrieved 2019-09-16.