ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Jan 05, 2022 17:10 JST
Source:
Nissin Foods Co Ltd
Nissin Foods Announces Price Revision in Mainland China, Effective 1 March 2022
HONG KONG, Jan 05, 2022 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) will adjust the ex-factory price of its key instant noodle products in Mainland China, effective 1 March 2022.
The most recent price adjustments by Nissin Foods on its instant noodles in Mainland China was over a decade ago in 2011. As a leading food manufacturer, the Group has been devoted to enhancing the taste and quality of its products while also ensuring a stable supply of quality instant noodles at reasonable prices for the past 11 years.
In face of the increasing cost pressures from the unstable supply and soaring price of raw materials, particularly in the past year, the Group has been working to offset the rising costs by improving its production efficiency and reducing expenses. It has come to the point where the Group found it necessary to adjust its product prices in order to alleviate the cost pressure in a more effective manner.
Effective 1 March 2022, Nissin Foods will increase the ex-factory price of its key instant noodle products in Mainland China by a mid-single-digit percentage point on average. The price adjustment will be applied to Cup Noodles, Demae Iccho (bag, cup and bowl types), Nissin Pasta, Raoh and so on.
Nissin Foods appreciates the understanding of all business partners and consumers. The Group remains committed to providing safe, tasty and quality products to delight consumers. In addition, Nissin Foods will continue to make investments in order to improve its operational efficiency and enhance its product portfolio, ensuring sustainable growth and creating higher value for shareholders.
About Nissin Foods Company Limited
Nissin Foods Company Limited (The "Group"; Stock code: 1475) is a renowned food company in Hong Kong and Mainland China with a diversified portfolio of well-known and highly popular brands and the largest instant noodle company in Hong Kong. The Group officially established its presence in Hong Kong in 1984. The Group primarily manufactures and sells instant noodles, frozen foods and other food products under its two core corporate brands, namely "NISSIN" and "DOLL" together with a diversified portfolio of iconic household premium food brands. The Group's five flagship product brands, namely "Cup Noodles", "Demae Iccho", "Doll Instant Noodle", "Doll Dim Sum" and "Fuku" are also among the most popular choices in their respective food product categories in Hong Kong. In the Mainland China market, the Group has introduced technology innovation through the "ECO Cup" concept and primarily focuses its sales efforts in first-and second-tier cities.
Nissin Foods is a constituent of eight Hang Seng Indexes, namely: Hang Seng Composite Index, Hang Seng Consumer Goods & Services Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, Hang Seng Stock Connect Hong Kong SmallCap Index, Hang Seng SCHK Mainland China Companies Index, Hang Seng SCHK ex-AH Companies Index, and Hang Seng Small Cap (Investable) Index. For more information, please visit www.nissingroup.com.hk.
For media enquiries:
Nissin Foods Company Limited
Public Relations Department
Blanche Wong / Riko Lee
Email:
pr@nissinfoods.com.hk
For investor enquiries:
Nissin Foods Company Limited
Investor Relations Department
Shingo Yamazaki
Email:
ir@nissinfoods.com.hk
Strategic Financial Relations Limited
Vicky Lee Tel: (852) 2864 4834 Email:
vicky.lee@sprg.com.hk
Sharon Lau Tel: (852) 2864 4852 Email:
sharon.lau@sprg.com.hk
Aggie Fang Tel: (852) 2114 4987 Email:
aggie.fang@sprg.com.hk
Source: Nissin Foods Co Ltd
Sectors: Food & Beverage
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
Honda Unveils World's First and New V3 Engine with Electrical- Compressor at EICMA 2024
Nov 06, 2024 09:03 JST
Victory and world title for TOYOTA GAZOO Racing
Nov 05, 2024 17:59 JST
Tokyo Stock Exchange and Fujitsu announce renewal of cash equity trading system 'arrowhead4.0'
Nov 05, 2024 17:13 JST
Mitsubishi Heavy Industries Continues Order Intake, Revenue, and Profit Growth in Strong First Half, Raises Full-Year Order Intake Guidance
Nov 05, 2024 14:37 JST
Eisai's Corporate Venture Capital Subsidiary, Eisai Innovation, Inc., Selected for AMED's 'Strengthening Program for Pharmaceutical Startup Ecosystem"
Nov 05, 2024 11:35 JST
Asahi Kasei and Honda Sign Shareholders' Agreement to Convert Existing Asahi Kasei Subsidiary into Joint Venture for Production of Lithium-ion Battery Separators in Canada
Nov 04, 2024 14:12 JST
Joby Aviation and Toyota Accelerate Efforts to Realize Air Mobility
Nov 04, 2024 09:36 JST
Eisai Completes Rolling Submission to US FDA for LEQEMBI(R) (lecanemab-irmb) Biologics License Application for Subcutaneous Maintenance Dosing for the Treatment of Early Alzheimer's Disease Under the Fast Track Status
Nov 01, 2024 13:56 JST
All-New Triton Wins Golden Award at VMARK Vietnam Design Awards 2024
Nov 01, 2024 12:43 JST
Fujitsu's groundbreaking computing technology for accelerating scientific computing wins Japan Patent Office Commissioner's Award
Nov 01, 2024 12:24 JST
Fujitsu and AMD to begin strategic partnership to develop more sustainable computing infrastructure intended to accelerate open-source AI initiatives
Nov 01, 2024 10:45 JST
Mazda Launches Redesigned Corporate Website
Oct 31, 2024 17:06 JST
NTT and Toyota Motor Corporation agree to joint initiative in the field of mobility and AI/telecommunications with the aim of realizing a society with zero traffic accidents
Oct 31, 2024 16:34 JST
All-New Triton Wins Golden Award at VMARK Vietnam Design Awards 2024
Oct 31, 2024 16:08 JST
Eisai Presents Data on Benefits of Long-Term Administration of Dual-Acting Lecanemab at the 17th Clinical Trials for Alzheimer's Disease (CTAD) Conference
Oct 31, 2024 13:56 JST
Eisai Presents Latest Clinical Findings Suggesting Inhibition of Tau Propagation by Anti-MTBR Tau Antibody E2814 at the 17th Clinical Trials on Alzheimer's Disease Conference (CTAD)
Oct 31, 2024 11:33 JST
Mazda Production and Sales Results for September 2024 and for April through September 2024
Oct 30, 2024 17:09 JST
Suzuki and Toyota to Deepen Collaboration in the Field of Electrified Vehicles
Oct 30, 2024 16:14 JST
Fujitsu and Morinaga Milk Industry jointly develop a simulation system for raw material price fluctuations, speeding up decision-making
Oct 30, 2024 13:43 JST
DOCOMO to Participate in Virtual Expo at Expo 2025 Osaka, Kansai, Japan
Oct 30, 2024 12:47 JST
More Latest Release >>
Related Release
Nissin Foods Acquires Australia Frozen Food Manufacturer ABC Pastry
September 27 2024 21:48 JST
Nissin Foods Announces 2024 Interim Results
August 28 2024 16:58 JST
Nissin Foods Becomes a Constituent of MSCI Global Micro Cap Index (MSCI Hong Kong Index)
August 14 2024 17:14 JST
Nissin Foods Acquires Korean Snack Manufacturer Gaemi Food
June 03 2024 19:42 JST
Nissin Foods Announces 2024 Q1 Financial Results
May 13 2024 12:52 JST
Nissin Foods Announces 2023 Annual Results, Net Profit Up 5.6% to HK$330.2 Million
March 26 2024 12:40 JST
Nissin Foods (Hong Kong) Charity Fund Continues to Support Elite Athletes from The Education University of Hong Kong
January 16 2024 18:07 JST
Nissin Foods (Hong Kong) Charity Fund Continues Supporting Talents in Food and Nutritional Sciences
January 12 2024 20:30 JST
Nissin Foods Announces 2023 Q3 Financial Results
November 09 2023 12:45 JST
Nissin Foods Announces 2023 Interim Results, Net Profit Increases by 6.4% to HK$171.7 Million
August 30 2023 17:10 JST
More Press release >>