Master Kong
 | |
| Company type | Public company |
|---|---|
| Industry | Foods |
| Founded | 1991 |
| Headquarters | , |
Area served | China |
Key people | Chairman and CEO: Wei Ing-Chou |
| 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) |
Master Kong (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; formally (Tingyi (Cayman Islands) Holding Corporation; 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), doing business as Master Kong (康師傅), is the largest instant noodle producer in China.
Established in 1991, Master Kong is a branded company headquartered in Shanghai/Tianjin, China. It specializes in the production and distribution of instant noodles,[1] beverages,cakes and relevant supporting industries. In 1996, it was listed in Hong Kong(HK0322) and is currently constituent of MSCI China Index and Hang Seng China 100 Index.[2]
History
The company was founded in Tianjin by the Wei brothers from Changhua County, Taiwan in 1991.[3] It was listed on the Hong Kong Stock Exchange in 1996.[4]
It is a wholly owned subsidiary of Ting Hsin International Group.[5]
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.[6]
In June 2011, Master Kong[7] was found by market research firm TNS to be the second most valued brand in China.[8]
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.[9]
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.[10]
See also
References
- ^ a b "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.
- ^ "康师傅介绍". www.masterkong.com.cn. Retrieved 2020-03-29.
- ^ "Tingyi to take on local instant noodle makers - Taipei Times". www.taipeitimes.com.
- ^ "irasia.com - Tingyi (Cayman Islands) Holding Corp". www.irasia.com.
- ^ "Tingyi Targets Up to 16% Growth on China Stimulus (Update1)". Bloomberg. 23 October 2009.
- ^ Sonne, Paul (2011-05-07). "China Fines Unilever for Price Comments". Wall Street Journal. ISSN 0099-9660. Retrieved 2019-10-28.
- ^ Wang, Joy (1 April 2011). "Unilever, Ting Hsin delay hike in China". Shanghi Daily and RetalInAsia.com. Retrieved 2013-05-30.
- ^ Wexler, Alexandra (July 4, 2011). "Noodles and Electronics: Asia's Most Valued".
- ^ 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.
- ^ "Master Kong withdrawing from Taiwan - Taipei Times". www.taipeitimes.com. Retrieved 2019-09-16.
External links
- Tingyi (Cayman Islands) Holding Corporation (Mainland China)
- Tingyi (Cayman Islands) Holding Corporation (Taiwan)
- Companies listed on the Hong Kong Stock Exchange
- Food and drink companies established in 1991
- Companies based in Tianjin
- Privately held companies of China
- Food and drink companies of China
- Food and drink companies of Taiwan
- Multinational companies
- Chinese brands
- 1991 establishments in China
- Chinese companies established in 1991
- Former companies in the Hang Seng Index