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CJ CheilJedang

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CJ Cheil Jedang
Native name
씨제이제일제당 주식회사
Company typePublic
KRX: 001041
IndustryFood & Food Service
Founded1953; 71 years ago (1953)
(as Cheil Jedang Co. Ltd.)
FounderLee Byung-chul
HeadquartersJung-gu, Seoul
Area served
Worldwide
Key people
Kim Chul-ha (CEO)
ProductsFood Ingredients, Food, Pharmaceuticals and Biotechnology
RevenueIncrease US$ 10.41 billion (2013)[1]
Increase US$ 331 million (2013)[1]
Increase US$ 112 million (2013)[1]
Total assetsIncrease US$ 12.48 billion (2013)[1]
Total equityIncrease US$ 4.62 billion (2013)[1]
Number of employees
5,991(2013) non-consolidated in Korea
ParentCJ Group
Websiteeng.cjcheiljedang.com
Headquarters in Seoul, Korea

CJ Cheil Jedang is a South Korean food company based in Seoul that manufactures food ingredients, food, pharmaceuticals and biotechnology. Its brands include Beksul, Bibigo, CJ Hat Kimchi, DASIDA, Haechandle, and Kahiki.

History

CJ 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 again spun off as a business holding company 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 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.

Businesses

Its four main business areas are food ingredients (including sugar, wheat, and oil), food, logistics, and biotechnology (including MSG, lysine), processed food and animal feed.

It has since expanded globally with offices in China, the U.S., the Philippines, Indonesia, Vietnam, Brazil, Australia, Japan, Russia, and Singapore.

CJ was recently reported to be in talks with the US Corporation Dendreon who is in trials with a cancer vaccine called Provenge. [citation needed]

See also

References

  1. ^ a b c d e "Cj Cheiljedang Corp (097950:Korea SE)". businessweek.com. Retrieved 2014-04-25.[permanent dead link]
  2. ^ Kim, So-hyun (4 March 2013). "CJ rises as beacon of Korean food, shopping, pop culture". Korea Herald. Retrieved 4 March 2013.
  3. ^ "Company history". CJ Cheil Jedang. Retrieved 9 October 2012.
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