CJ CheilJedang Corporation (Korean: 씨제이제일제당 주식회사; Hanja: CJ第一製糖 株式會社) is a South Korean international food company based in Seoul that manufactures food ingredients, ambient, frozen and chilled packaged food products, pharmaceuticals and biotechnology. Its brands include Beksul, Bibigo, Gourmet and Hatbahn. Bibigo is well-known for Mandu (Korean dumplings) in the global market.
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Native name | 씨제이제일제당 주식회사 |
|---|---|
| Formerly | Cheil Jedang Co. Ltd. (1953–2002) CJ Co. Ltd. (2002–2007) |
| Company type | Subsidiary |
| KRX: 097950 | |
| Industry | Food processing |
| Founded | August 1, 1953 |
| Founder | Lee Byung-chul |
| Headquarters | Jung-gu, Seoul |
Area served | Worldwide |
Key people | Choi Eun-seok (CEO) |
| Products | Food Ingredients, Pharmaceuticals and Biotechnology |
| Revenue |  ₩25.81 trillion (2021)[1] |
| ₩1.62 trillion (2021)[1] | |
| ₩834 billion (2021)[1] | |
| Total assets | ₩25.61 trillion (2020)[1] |
| Total equity | ₩10.16 trillion (2020)[1] |
Number of employees | 5,991(2013) non-consolidated in Korea |
| Parent | CJ Group |
| Website | eng |
| CJ CheilJedang | |
| Hangul | |
|---|---|
| Hanja | |
| Revised Romanization | CJ Jeil Jedang |
| McCune–Reischauer | CJ Cheil Chedang |
History
editCJ Cheil Jedang was founded as 'Cheil Jedang' in August 1953 as a sugar and flour manufacturer and was originally part of Samsung Group, as their first manufacturing business. In July 1993 it spun off from Samsung and gained independent management, changing into a life and culture group with the entrance into the food service and entertainment industries. In 1996 it became the 'Cheil Jedang Group' with the official separation from Samsung Group completed in February 1997.[2]
In October 2002 the CJ Group was launched and the official name changed to 'CJ Co., Ltd'. In September 2007 CJ Co., Ltd. again spun off as a business holding company and renamed 'CJ CheilJedang Co., Ltd' and CJ Group became a holding company for a group of food and entertainment-related subsidiaries based in South Korea. It has four main core businesses: Food & Food Service, Bio Pharma, Entertainment and Media, and Home Shopping & Logistics; and CJ Cheil Jedang was put under Food & Food Service.[3]
In 2018, CJ CheilJedang acquired Kahiki Foods, an American food manufacturing company based in Columbus, Ohio.[4] In 2019, CJ CheilJedang acquired Schwan’s Company, a food manufacturing company based in Minnesota, United States.[5]
Businesses
editIts four main business areas are food ingredients (including sugar, wheat, and oil), food (ambient, chilled and frozen food including HMR products), logistics, and biotechnology (including MSG, lysine), processed food and animal feed.
It has since expanded globally with offices in the U.S., China, Vietnam, Japan, and Germany. CJ packaged food products are currently exported to more than 100 countries.
CJ was recently reported to be in talks with the US Corporation Dendreon which is in trials with a cancer vaccine called Provenge. [citation needed]
See also
editReferences
edit- ^ a b c d e "Cj제일제당 : 네이버 금융". Archived from the original on June 30, 2017. Retrieved 2014-04-25.
- ^ Kim, So-hyun (4 March 2013). "CJ rises as beacon of Korean food, shopping, pop culture". The Korea Herald. Archived from the original on 4 March 2013. Retrieved 4 March 2013.
- ^ "Company history". CJ Cheil Jedang. Retrieved 9 October 2012.
- ^ Eaton, Dan (27 August 2018). "Frozen food maker Kahiki getting a new owner". bizjournals. Retrieved 22 February 2021.
- ^ "CJ CheilJedang Completes Acquisition of Schwan's Company". Business Wire. 19 February 2019. Retrieved 14 August 2021.
External links
edit- Official website
- Business data for CJ CheilJedang: