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 in order to raise funds for expansion.[2]

gollark: What does capitalism have to do with this?
gollark: There does seem to be a decent amount of weirdness like that surrounding this whole thing.
gollark: But people seem to really like talking about it in identical-looking ways?
gollark: I have no idea.
gollark: This is ... odd.

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
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