Cholimex Food Joint Stock Co

    Cholimex Food Joint Stock Co

    UUPCOM:CMF
    389,000.00
    VND
    +39,000.00
    (+11.14%)
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    Company Description

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    IPO Date
    Nov 30, 2016
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    Cholimex Food Joint Stock Company is a Vietnam-based food manufacturing and processing company primarily engaged in the production, marketing, and distribution of condiments, culinary seasonings, and processed frozen foods. Founded in 1983 as the District 5 Export Products Processing Enterprise and transitioned into a joint-stock company in 2006, the company is headquartered in Ho Chi Minh City, Vietnam, and operates as an affiliate of Cho Lon Investment and Import-Export Corporation, alongside strategic equity stakes held by Masan Consumer Corporation and Nichirei Foods Inc. Cholimex Food manages operations through two primary business divisions: Sauces and Condiments, and Frozen Foods. Its comprehensive product portfolio comprises chili sauces, sriracha, and satay chili pastes; tomato ketchup and hoisin sauce; naturally fermented soy sauce, oyster sauce, and blended fish sauce under the Huong Viet brand; ready-to-use culinary cooking and marinade sauces, including char siu sauce, barbecue sauce, black pepper sauce, and sweet and sour sauce; complete meal seasoning packs and hot pot soup bases, including Thai tom yum, seafood, kimchi, and mushroom formulations; and processed frozen foods, including traditional spring rolls, vegetarian rolls, gyoza dumplings, dim sum, wontons, processed meatballs, and breaded seafood items. The company distributes its products domestically through modern supermarket chains, convenience stores, traditional grocery retail networks, and foodservice and horeca channels across Vietnam, while exporting to over 30 countries and territories worldwide, including key markets in the European Union, the United States, Japan, South Korea, and Southeast Asia. In recent operational developments, Cholimex Food expanded its production infrastructure through the strategic development and commissioning of its Ben Luc manufacturing facility in Long An Province, which attained official European Union export code clearance and comprehensive international food safety certifications to support European market penetration. Furthermore, the company has accelerated product innovation by launching new ranges of convenience-driven marinades, organic condiments, and specialty Asian cooking bases to address rising retail and export demand for fast-preparation home culinary solutions, while strengthening its distribution footprint through enhanced participation in regional and international food trade networks.