ACN Newswire

Nissin Foods (Hong Kong) Charity Fund Establishes Nissin Foods Scholarship at The Chinese University of Hong Kong

aseanpr
3 minutes

Encouraging Students to Strive for Excellence Nurturing Food Science Talent for Future Generations HONG KONG, Jan 18, 2023 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) has announced the launch of the Nissin Foods Scholarship for Food and Nutritional Sciences students by Nissin Foods (Hong Kong) Charity Fund ("Charity Fund") and The Chinese University of Hong Kong ("CUHK"). The scholarship aims to encourage undergraduate and postgraduate students of CUHK's Food and Nutritional Sciences (Hons) programme to pursue academic excellence. The seven scholarship recipients for the 2022-2023 academic year are: CHAN Hoi Yi, HSU Po Ling, KWAN Ka Yi, LAM Shuk Fan, WONG Wai Yee from the Bachelor's degree programme, and KEI Nelson, LIN Yuhong from the Ph.D programme. The full scholarship is provided by Charity Fund and will be used to pay for tuition fees for eligible students. Mr. Kiyotaka ANDO, Chairman of Nissin Foods (Hong Kong) Charity Fund, said, "At Nissin Foods, we believe that "food-related jobs are sacred profession", because food supports life. Charity Fund is pleased to collaborate with CUHK for the...

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Nissin Foods Extends Sponsorship of Local Tennis Star Cody WONG for Three Further Years until 2025

indie
5 minutes

HONG KONG, Jan 12, 2023 - (ACN Newswire via SEAPRWire.com) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) is pleased to announce the extension of its sponsorship of Hong Kong tennis player Cody WONG for a period of three years from 2023-2025. Having sponsored Cody since 2021, Nissin Foods has increased its sponsorship support for the 20-year-old star as she continues to make strides on the professional circuit, in the hope that Cody will garner even more honours for herself and Hong Kong on the international arena. Mr. Kiyotaka ANDO (left), Executive Director, Chairman and Chief Executive Officer of Nissin Foods poses with Cody WONG (right) to celebrate the extension of Nissin Foods' sponsorship of Cody for three further years until December 2025. Mr. Kiyotaka ANDO (left), Executive Director, Chairman and Chief Executive Officer of Nissin Foods with Cody WONG (right).Mr. Kiyotaka ANDO (left), Executive Director, Chairman and Chief Executive Officer of Nissin Foods was joined by Mr. Philip MOK, President of the HKTA (first from right) and Cody WONG (second from right) to mark Nissin's announcement.Cody WONG has achi...

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Nissin Foods (Hong Kong) Charity Fund and The Education University of Hong Kong Launch Scholarship for Elite Athletes

indie
3 minutes

HONG KONG, Dec 19, 2022 - (ACN Newswire via SEAPRWire.com) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) has announced the launch of the Nissin Foods Scholarship for Elite Athletes by Nissin Foods (Hong Kong) Charity Fund ("Charity Fund") and The Education University of Hong Kong ("EdUHK").Mr. Kiyotaka ANDO, Chairman of Nissin Foods (Hong Kong) Charity Fund (middle right), and Professor Stephen CHEUNG Yan Leung, President of EdUHK (middle left), announced the launch of the Nissin Foods Scholarship for Elite Athletes. The four scholarship recipients for the 2022-2023 academic year are - Mr. Dickson TAM Joe Dick (first from left); Mr. WONG Hong Ching (second from left); Mr. CHOI Kwan Lok (first from right) and Ms. FU Chi Yan (second from right).The Scholarship is intended to encourage elite athletes who are on the Bachelor of Health Education (Honors) program or the Postgraduate Diploma in Education program at EdUHK to continuously pursue excellence in their athletic performance and their studies to become educators of health in the future. The four scholarship recipients for the 2022-2023 academic year are: Mr. CHO...

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Nissin Foods Wins Bid for Acquiring Equity Interest in Zhuhai Winner at RMB352.44 Million

indie
3 minutes

HONG KONG, Nov 7, 2022 - (ACN Newswire via SEAPRWire.com) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) announced that its wholly-owned subsidiary Nissin Foods (China) Holding Co., Ltd. ("Nissin Foods China") has won a bid for 29.55% equity interest in Zhuhai Golden Coast Winner Food Products Limited ("Zhuhai Winner") (the "Proposed Acquisition") at RMB352.44 million.An indirect subsidiary of Nissin Foods, Zhuhai Winner is 70.45% owned by Winner Food Products Limited, a wholly-owned subsidiary of the Company, and 29.55% owned by Zhuhai Western Development Co. Upon completion of the Proposed Acquisition, Zhuhai Winner will become an indirect wholly-owned subsidiary of Nissin Foods.Zhuhai Winner is a manufacturer and distributor of instant noodles for Nissin Foods. Its principal activities include production and sale of instant noodles, seasonings, paper food containers and plastic packaging containers. Mr Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "We believe the Proposed Acquisition, if materialised, will give us greater flexibility to deploy production capabilit...

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Nissin Foods (Hong Kong) Charity Fund Launches Orange Tennis Community Programme

indie
4 minutes

HONG KONG, Aug 3, 2022 - (ACN Newswire via SEAPRWire.com) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) today announced the launch of the Nissin Foods Orange Tennis Community Programme (Tai Po) by Nissin Foods (Hong Kong) Charity Fund ("Charity Fund") and The Hong Kong Tennis Association ("HKTA"), offering regular weekly trainings for young players to promote healthy living. Mr. Kiyotaka ANDO, Chairman of the Advisory Committee of the Charity Fund (middle), Mr. Philip Mok, HKTA President (left) & Ms. ZHANG Ling, Nissin Foods Sports Ambassador join the kids for a group photo after the Kick-off Ceremony.The programme marks the first initiative funded by the Nissin Foods Charity Fund, in accordance with its vision to promote healthy living via eating and sports. Registered as a charitable institution since September 2021, the Nissin Foods (Hong Kong) Charity Fund was built upon Nissin Food's founder Mr. Momofuku Ando's belief that "Eating and sports are the two axles of health." Its mission is to advance education, to make provision for the people in need, and to carry out charitable works beneficial to the Hong ...

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Tabatchnick Fine Foods Announces the Launch of its Amazon Store

pandora
3 minutes

This collaboration will build on the continued success of their shelf stable category while expanding the opportunity for deeper consumer connection. Somerset, NJ, August 03, 2022 – (SEAPRWire) – Tabatchnick Fine Foods, America’s oldest family-owned national brand soup company, is embracing the digital future by announcing the launch of their official Amazon.com store. Customers can now buy Tabatchnick’s shelf stable broths online from anywhere in the continental United States for delivery right to their doorstep. Available varieties of broths include Classic Wholesome Chicken Broth, Organic Chicken Broth, Vegetable Broth, and Gourmet Beef Broth. To shop for Tabatchnick broths on Amazon, visit: https://www.amazon.com/tabatchnick The broths contain no artificial sugars, colors, flavors or antibiotics. They are also fat-free and cholesterol-free. The 32-ounce broths have been praised for their remarkable depth of flavor and low-calorie count, with only 5-10 calories per serving. Tabatchnick broths are a great foundation for soups, stews, meats, rice, pasta, and countless other recipes. Expanding their business into e-commerce has been a long-time goal of Rita Tabatchnick, President o...

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Nissin Foods and Toyota Partner to Realize Well-Being for All Through Food

ruth
6 minutes

TOKYO, Apr 27, 2022 - (JCN Newswire via SEAPRWire.com) - Nissin Food Products Co., Ltd. (Nissin Foods) and Toyota Motor Corporation (Toyota) have initiated an agreement to jointly foster human well-being through healthy eating. This proposed plan will explore using Nissin's innovative food offering, based on the latest molecular nutritional science, to provide personalized, delicious, and healthy "Complete Nutrition Meals" for Woven City. Woven City is being developed in Susono City, Shizuoka Prefecture on behalf of Toyota by Woven Planet, Inc. (Woven Planet), a Toyota subsidiary.Specifically, the following initiatives will be considered.1. A joint demonstration on expanding food choices for Woven City and improve residents' health through the provision of "Complete Nutrition Meals"2. Connect data to provide "Complete Nutrition Meals" optimization based on each individual's needsThrough Woven City, Toyota is aiming to transform itself into a mobility company and will conduct many demonstrations with various partners. With Woven City, Toyota is taking on the challenge of pursuing well-being for all and expanding the very definition of "mobility" to make it more human-centered. The w...

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Nissin Foods Announces Price Revision in Mainland China, Effective 1 March 2022

indie
3 minutes

HONG KONG, Jan 5, 2022 - (ACN Newswire via SEAPRWire.com) - 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 aver...

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Nissin Foods Receives Funding Approval from Re-Industrialisation Funding Scheme

indie
5 minutes

HONG KONG, Nov 9, 2021 - (ACN Newswire via SEAPRWire.com) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) is pleased to announce that it has received approval for the maximum funding support of HK$15 million (the "Funding Support") under the Re-Industrialisation Funding Scheme ("RFS") of the Innovation and Technology Commission ("ITC") today (9 November 2021), to be used for the installation of a new smart production line in Hong Kong. The signing ceremony was attended by (from left to right): Mr. Indiana WONG, Assistant Commissioner for Innovation and Technology (Funding Schemes); Ms. Rebecca PUN, The Commissioner for Innovation and Technology; Mr. Kiyotaka ANDO, Executive Director, Chairman and CEO of Nissin Foods Company Limited; and Mr. Yasuhiro YAMADA, Executive Director of Nissin Foods Company Limited. Funded by the Re-Industrialisation Funding Scheme, Nissin Foods will set up a smart production line with robotics, sensors and smart systems with real-time monitoring on the production of instant noodles in the Nissin Plant, Tai Po Industrial Estate (visual provided by Nissin Foods Company Limited). The Funding ...

SeaPRwire

Impossible Foods to roll out meatless pork in Singapore, Hong Kong and US

elean
2 minutes

HONG KONG (REUTERS) - Impossible Foods is rolling out its meatless pork product in Hong Kong in October and Singapore later in the year as it tries to bolster its footprint in the fast-growing plant-based food space. The California-based company said the ground minced pork substitute would be available in 120 restaurants in Hong Kong from Oct 4. The product will also be sold in some Hong Kong grocery stores as ready to eat meals. The company is also debuting the product in New York's Manhattan restaurant Momofuku Ssam Bar from Sept 23. Reuters reported in April that Impossible, which makes faux beef products, is preparing for a public listing which could value the US company at around US$10 billion (S$13.5 billion) or more. Impossible is exploring going public through an initial public offering (IPO) in the next 12 months or a merger with a so-called special acquisition company (Spac). "It's a natural step in evolution and growth of our business but the timing is really (to be decided) and we will see how it goes over the course of the next year," Dennis Woodside, president of Impossible Foods, told Reuters in an interview. Impossible's pork product, which is made from the same key...

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New hub at NTU will study safety of novel foods

aseanpr
5 minutes

SINGAPORE - From cell-based steaks to algae shakes, farms of the future here are developing novel foods to replace meat. First, however, these sustainable proteins must be judged safe to eat. This is the idea behind a research hub launched at Nanyang Technological University (NTU) on Tuesday (April 27). Sustainable proteins could provide the island nation with a reliable long-term source of food - as long as they are safe. "No food safety, no food security," said Professor William Chen, director of the university's food science and technology programme The new Future Ready Food Safety Hub will support local and overseas agri-food companies by studying new ways to assess food safety risks in novel foods. To help these companies get their food products approved and on grocery shelves and menus sooner, the scientists at the hub are working to address emerging issues in food safety early. Prof Chen, who will be the principal investigator for NTU at the hub, noted that no risk assessment framework has been set up so far in Singapore to evaluate the safety of many novel foods that are emerging. This is the gap that the research hub wants to fill. "With the increasing efforts in building ...

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Nissin Foods Invests in Frozen Noodles for PRC Market

indie
4 minutes

HONG KONG, Jan 5, 2021 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", together with its subsidiaries, the "Group"; Stock code: 1475) announced that the Group has made an initial investment in production and storage facilities for frozen noodles in its Shunde Plant in the PRC. A first for the Group in the PRC on frozen noodles, this initiative will not only further enrich its product portfolio, but also capture the growing demand for frozen food products and premium noodles in the PRC. The facilities will commence operation this month, and the products will hit the shelves in the first quarter of 2021. Nissin Foods' first production of frozen noodles in the PRC will hit the shelf in Beijing and Chengdu in the first quarter of this year. The inaugural products are a collaboration with one of the most popular Japanese ramen shops, "Hakata Ikkosha". Two authentic Japanese flavours, namely Hakata Tonkotsu Ramen (Photo 1) and Spicy Tonkotsu Ramen (Photo 2), featuring a rich and creamy pork bone soup base and Japanese Chashu pork with vegetables will be introduced. Introducing Japanese "ice crown manufacturing method" to its production is another first for the Group in t...

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Nissin Foods Announces 2020 Q3 Financial Results

indie
4 minutes

HONG KONG, Nov 6, 2020 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods" or the "Company", and together with its subsidiaries, the "Group"; Stock code: 1475) has today announced its 2020 financial information for the nine months ended 30 September 2020 ("the reporting period"). Revenue of the Group amounted to HK$2,685.6 million, representing a year-on-year (YoY) increase of 14.4% from HK$2,348.1 million. Gross profit increased by 16.3% YoY to HK$895.9 million (2019: HK$770.1 million), with gross profit margin increasing by 0.6pp to 33.4% (2019: 32.8%), mainly attributable to the reduction in utility overheads, the relatively stable price for key raw-materials YoY as well as the shift of product mix in Hong Kong, but offset by the increase in the purchase of finished goods. Profit attributable to owners of the Company was HK$264.0 million, representing an increase of 25.0% YoY from HK$211.2 million. Segment results improved by double-digit growth of 34.5% YoY to HK$346.9 million from HK$258.0 million. For the Hong Kong operations, revenue recorded an increase of 11.6% YoY to HK$1,071.3 million (2019: HK$960.2 million), mainly attributable to the surge in demand for mo...