Orion behind original Choco Pie to invest $580 mn in new plants

Quick Summary:

Orion Corp., a South Korean confectionery and snack manufacturer, will pour in 830 billion won ($580 million) for three years to expand snack manufacturing facilities at home and abroad to meet growing demand for its snacks overseas.

This is the largest investment by a Korean food company at home in five years since its bigger crosstown peer CJ CheilJedang Corp.'s investment of 540 billion won to build a new local instant rice plant.

With an additional investment of 130 billion won in its operations in Vietnam, which generated more than 500 billion won in sales last year, Orion hopes to cement its strong position in the Southeast Asian country’s snack market.

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Article Details

Category: Economy

Markets: South KoreaChinaVietnam

Topics: Orion Sales Trillion Investment Snack Company Korean Year Billion Plant Corp

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 13:22:57 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 741 words

Reading Time: 5 minutes read

Sentences: 35 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 27940412

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