Foshan Haitian Flavouring & Food Co

Foshan Haitian Flavouring & Food Co. Ltd (Chinese: 海天味业) is a Chinese public company that manufactures sauces and flavourings. It is the largest manufacturer of soy sauce in the world.[1]

Haitian fermented bean paste

Operations

It is based in Guangdong.[1] The chairman is Pang Kang. Sales in 2012 were around seven billion yuan.[2]

In 2010 it held 16 to 19 percent of the Chinese soy sauce market.[1] Its major competitors included Kikkoman and Lee Kum Kee.[2] The company also manufactures other sauces and condiments such as oyster, hoisin, shrimp and vinegar.[3]

History

The company was established in the seventeenth century as a group of sauce factories in Foshan.[2]

In 2007 it was bought out by its employees from the government of Foshan.[2] In 2014 it underwent an IPO on the Shanghai Stock Exchange in order to raise funds for expansion.[2][4] The company raised 3.84 billion yuan after selling 74.85 million shares.[5]

See also

References
  1. Li, Amy (10 February 2014). "Soy-Sauce Maker Set For Debut In China". Wall Street Journal. Retrieved 10 February 2014.
  2. Li, Amy (10 February 2014). "Soy-Sauce Stock Soars on Day One". Wall Street Journal. Retrieved 27 February 2014.
  3. Haitian Food to boost soy sauce production
  4. "Soy-Sauce Stock Soars on Day One". Wall Street Journal. 2014-02-11. ISSN 0099-9660. Retrieved 2020-10-08.
  5. "Strong China debut for world's top soy sauce maker". TODAYonline. Retrieved 2020-10-08.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.