Foshan Haitian Flavouring & Food Co

Foshan Haitian Flavouring & Food Co. Ltd

Native name	佛山市海天調味食品股份有限公司
Company type	Public
Traded as	SSE: 603288
Industry	Food industry
Founded	1955 (70 years ago) (1955)
Headquarters	Foshan, Guangdong, China
Website	www.haitian-food.com

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 on the Shanghai Stock Exchange in order to raise funds for expansion.[2][4] The company raised 3.84 billion yuan after selling 74.85 million shares.[5]

See also

• List of Chinese sauces

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". Archived from the original on 2019-06-07. Retrieved 2014-02-11.
4. "Soy-Sauce Stock Soars on Day One". Wall Street Journal. 2014-02-11. ISSN 0099-9660. Retrieved 2020-10-08.
5. "Strong China debut for world's top soy sauce maker". TODAYonline. Retrieved 2020-10-08.