Tingyi (Cayman Islands) Holding Corporation

Tingyi (Cayman Islands) Holding Corporation
康師傅控股有限公司
Privately owned company
Industry Foods
Founded 1991
Headquarters Tianjin, China
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 ice tea drinks
A packet of Master Kong instant noodles

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]

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][8]

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.[9]

In June 2011, Master Kong[10] was found by market research firm TNS to be the second most valued brand in China.[11]

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

See also

References

  1. 1 2 "China's Tingyi Q1 profit falls 47 pct as sales slow". Reuters. 20 May 2013. Retrieved 2013-05-30.
  2. ↑ Tingyi, Japanese firms join up
  3. ↑ Tingyi, Cayman Islands Holding Corporation
  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
  6. ↑ Tingyi (Cayman Islands) Holding Corp.
  7. ↑ "Tingyi Targets Up to 16% Growth on China Stimulus (Update1)". Bloomberg. 23 October 2009.
  8. ↑ http://www.taiwantoday.tw/ct.asp?xitem=52341&ctnode=413&mp=9
  9. ↑ "NDRC questions dairies - GlobalTimes". business.globaltimes.cn. 2011. Retrieved 19 May 2011.
  10. ↑ Wang, Joy (1 April 2011). "Unilever, Ting Hsin delay hike in China". Shanghi Daily and RetalInAsia.com. Retrieved 2013-05-30.
  11. ↑ The Wall Street Journal Scene Asia - Noodles and Electronics: Asia’s Most Valued
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