Mondelez to acquire majority stake in vietnams leading. Food and drink in vietnam, biscuits, cookies and crackers, cakes, and 2 more. Mondelez international completes acquisition of majority. The move is an effort to help mondelez accelerate its growth strategy in the asia pacific region. Mondelez international to acquire majority stake in vietnams. A spokesperson for mondelez told justfood the vietnamdeal is a perfect fit for its asiagrowth strategy. Mondelez said the portfolio would complement its own oreo cookies, ritz crackers. Were passionate about creating delicious snacks whether its a quick bite to enjoy onthego or something special for a celebration with family and friends with the favorite brands you know and trust, such as kinh do, cosy, solite, afc, lu, oreo, ritz, slide, halls, trident, cadbury, toblerone, and tang. Cosy biscuits, solite soft cakes, afc crackers, and slide salty snacks. The funds will give the maker of chips ahoy cookies and triscuit crackers an 80% stake in the snacks business of kinh do corp. Kinh do s wellloved brands include kinh do mooncakes and biscuits, cosy biscuits, solite soft cakes and afc crackers.
She has helped kidos accounting system to fully apply with the vietnam accounting. Nov 11, 2014 along with kinh dos ownbranded products, it also produces solite soft cakes, afc crackers and cosy biscuits. Kinh do corporation, vietnam experts in manufacturing and exporting crackers, cookies, snacks. Mondelez kinh do launches joy schools program news vietnamnet. The vietnamese people, also called as viet people or kinh people vietnamese. This is the main ethnic group in the country, accounting for 86. Mondelez finalizes deal for large stake in vietnam snack. Mondelez to buy stake in vietnams kinh do snack unit. Launched in july 2015, mondelez kinh do is a powerful combination of two snacking leaders who have been making muchloved brands for vietnamese consumers. Kdc set even more ambitious targets in 20 with the launch of new products and continued focus on key products, while simultaneously conducting merger and acquisition in the existing industry with the goal of enhancing kinh do s position in vietnam s food market. Kinh do accelerates strategy for revenue and profit growth. Salty goldfish cracker kinh do cracker goldfish cracker. Kinh do afc original calcium vegetables crackers, 200g. Ritz crackers and cadbury chocolates, in the asia pacific region.
We dont know when or if this item will be back in stock. They speak vietnamese, the most widely spoken austroasiatic language. Mondelez completes acquisition of kinh do snacks business. Mondelez vietnam favorite brands you know and trust youtube. From our tasty biscuits and crackers to celebration mooncakes, were the favorite brands you know and trust.
Kinh do manufactures kinh do mooncakes and biscuits, cosy biscuits, solite soft cakes and afc crackers. Nguyen to nga phone 84321942128 address km 2, highway 5, ban yen nhan, my hao, hung yen, vietnam hangzhou,zhejiang email please enter your valid email address. Jul 16, 2015 first announced in november 2014, the combination brings together kinh do s wellloved local snacks, including kinh do mooncakes and biscuits, cosy biscuits, solite soft cakes and afc crackers. Mondelez to buy control of vietnamese snackfood business. Kinh do s brands include kinh domooncakes and biscuits, cosy biscuits, solite soft cakes and afc crackers. The right snack for the right moment vietnam economic times. Apr 29, 2020 hcm city vns mondelez international company, the usbased maker of oreo cookies and ritz crackers, is set to become a majority stakeholder in the snacks business of confectionery giant kinh do corporation. Vietnam is home to over 90 million consumers looking for highquality snacking products. The landmark investment in vietnam s fastmoving consumer goods industry will leverage kinh do s manufacturing capabilities, distribution network and some of the best vietnamese talent in the industry. Kinh do afc original calcium wheat crackers, 200g share. The business will have a combined portfolio of leading snacks brands from vietnam and around the world, including kinh do mooncakes and biscuits, cosy. Jul 17, 2015 vietnam is home to over 90 million consumers looking for highquality snacking products. Kido group corporation, formerly kinh do corporation, is a vietnam based company engaged in the food processing industry.
Mondelez intl to acquire majority stake in vietnams. Hcm city vns mondelez international company, the usbased maker of oreo cookies and ritz crackers, is set to become a majority stakeholder in the snacks business of confectionery giant kinh do corporation. Kinh do corp, cakes and pastries, factorybaked, crackers and. First announced in november 2014, the combination brings together kinh dos wellloved local snacks, including kinh do mooncakes and biscuits, cosy biscuits, solite soft cakes and afc crackers, with mondelez internationals iconic global brands, such as oreo cookies, ritz crackers and cadbury chocolate. Vietnamese crackers manufacturers suppliers of vietnamese. Kinh do is vietnam s leading snacks busniess, with local favorite snack brands such as kinh do mooncakes and biscuits, cosy biscuits, solite soft cakes and afc crackers. Mondelez international has completed the acquisition of an 80% stake in. The landmark investment in vietnams fastmoving consumer goods industry will leverage kinh dos manufacturing capabilities, comprehensive distribution network and some of the best vietnamese talent in the industry. Having achieved impressive results in 2012, kinh do jsc hose. Mondelez acquires vietnams kinh do confectionery news. Founded in 1993, the kinh do snacks business has grown significantly, introducing market leading brands in the biscuits and soft cakes. First announced in november 2014, the combination brings together kinh do s wellloved local snacks, including kinh do mooncakes and biscuits, cosy biscuits, solite soft cakes and afc crackers. Use the pitchbook platform to explore the full profile.
Kinh dos brands include kinh domooncakes and biscuits, cosy biscuits, solite soft cakes and afc crackers. Mondelez kinh do combined portfolio includes leading snacks brands from vietnam and around the world, such as kinh do mooncakes and biscuits, cosy biscuits, solite soft cakes, afc crackers, lu petit beurre, lu assorted cookies, oreo cookies, ritz crackers, candy halls xs, gum trident, cadbury chocolate, and tang powdered beverages. Vietnamese growth targeted by mondelez with kinh do. The addition of kinh do s deep understanding of vietnam s consumers and routes to market enhances our. Mondelz invests in vietnam snack market food business news. Mondelez completes acquisition of vietnam snacks business. Kinh do afc original calcium wheat crackers, 200g by kinh do. First announced in november 2014, the combination brings together kinh do s wellloved local snacks, including kinh do mooncakes and biscuits, cosy biscuits, solite soft cakes and afc crackers, with mondelez internationals iconic global.
Do mooncakes and biscuits, cosy biscuits, solite soft cakes and afc crackers. Kinh do, vietnam s leading confectionery company, manufactures kinh do mooncakes and biscuits, cosy biscuits, solite soft cakes and afc crackers. In order to diversify the products, the company invested around usd 2,000,000 to buy a new crackers production line from europe in april 2001, company put the modern poduction lines producting the hard and soft candies with total value of about usd 2,000,000 and capacity of 40 tons per day. Mondelez said kinh dos snacks business was category leading. The launch follows mondelez internationals acquisition of 100% stake of kinh do s confectionery field which was the. First announced in november 2014, the combination brings together kinh do s wellloved local snacks, including kinh do mooncakes and biscuits, cosy biscuits, solite soft cakes and afc crackers, with mondelez internationals iconic global brands, such as oreo cookies, ritz crackers.
In 2000, kinh do widened the factory up to 60,000 m2. Mondelz invests in vietnam snack market food business. Mondelez international will acquire a 80% stake in vietnams leading biscuit firm kinh do to spur growth in the rising asiapacific market. Mondelez kinh dos main products include kinh do mooncakes and biscuits, cosy biscuits, solite soft cakes, afc crackers, lu petit beurre, lu assorted cookies, oreo cookies, ritz crackers and. Mondelez vietnam favorite brands you know and trust. Mondelez kinh do viet nam joint of china taiwan get a. The company is involved in the manufacture, as well as wholesale and retail trade of confectionery and nonalcoholic beverages, including cookies, layer cakes, cream cakes, wafers, crackers, snacks, candies, moon cakes, drinking water, juice and ice cream.
Kinh do corporation kdc is vietnam s leading confectionary company with a diversified portfolio of category leading brands, built over the past 21 years. Kinh do to sell 80 per cent stake in snacks vietnam news. Our significant investment in kinh do and vietnam is a perfect fit for our growth strategy in. Vietnamese growth targeted by mondelez with kinh do purchase.
Mondelez international announced that it is acquiring an 80 percent stake in kinh do corp. Products, ice cream, pastry, biscuits, frozen foods. Mondelez to buy stake in vietnamese snack company kinh do. Along with kinh do s ownbranded products, it also produces solite soft cakes, afc crackers and cosy biscuits. North kinh do food joint stock company product range. May 08, 2019 mondelez vietnam favorite brands you know and trust. Mondelez international has agreed to acquire an 80% stake in kinh do corp. The kinh ethnic group, the kinh or the vietnamese was formed in a geographic region that is nowadays north vietnam and south china. The investment in vietnam s fastmoving consumer goods fmcg industry will leverage kinh do s manufacturing capabilities and distribution network and build upon its established brands, which include kinh do mooncakes and biscuits, cosy biscuits, solite soft cakes and afc crackers. Kinh do, vietnams leading confectionery company, manufactures kinh do mooncakes and biscuits, cosy biscuits, solite soft cakes and afc crackers. Nov 11, 2014 mondelez international has agreed to acquire an 80% stake in kinh do corp.
Over the last two decades, the company has developed. Kinh do corporation vietnam vietnam az manufacturer. Kinh do corporation is vietnams largest confectionery company by both sales and production value. Information on acquisition, funding, investors, and executives for mondelez kinh do vietnam. The landmark investment in vietnam s fastmoving consumer goods industry will leverage kinh do s manufacturing capabilities, comprehensive distribution network and some of the best vietnamese talent in the industry. Kinh do corporation manages a wide variety of brand names, distributes imported brand name snack and candy goods, and manufactures food for export from vietnam.
Kinh do afc original calcium vegetables crackers, 200g by kinh do. Mondelez to buy control of vietnamese snackfood business wsj. Although new in name, the business has a rich heritage in vietnam. Mondelez to acquire vietnamese snacks company news. Stephane gripon, managing director of mondelez kinh do vietnam. They comprised 86% of the population of the country at the 1999. The addition of kinh do s deep understanding of vietnam s consumers and routes to. While the deal is still subject to the approval of kinh do s shareholders, the landmark investment will leverage kinh do s manufacturing capabilities. Mondelez international will acquire a 80% stake in vietnam s leading biscuit firm kinh do to spur growth in the rising asiapacific market. Founded in 1993, kinh do has grown to become a household name in vietnam. Mondelez international to acquire majority stake in. Launched in july 2015, the business is headquartered in ho chi minh city, vietnam and has manufacturing sites at binh duong and hung yen.
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