Nissin Foods looks ‘Down Under’ to escape China pressure cooker
The instant noodle maker said it will buy an Australian frozen dumpling maker for $23.3 million, as it looks to diversify beyond its China base Key Takeaways: Nissin Food is…
Weilong defies downbeat consumer market with its cheap spicy snacks
China’s leading maker of snacks typically costing less than $1 reported its revenue jumped 26% in the first half of the year, while its profit rose 39% Key Takeaways: Weilong…
Despite limp sales, Nissin tastes growing profits on falling costs, price hike
The instant noodle maker registered year-on-year profit growth in the third quarter thanks to price adjustments and falling raw material costs Key Takeaways: Nissin Foods’ revenue declined by nearly 3%…
Nissin noodles ladles out new direction with Vietnam asset shuffle
The inventor of instant noodles’ China unit will pay $11.5 million to take over control of the parent company’s Vietnamese subsidiary Key Takeaways: Instant noodle pioneer Nissin’s China unit will…
Falling flour prices lift Nissin Foods as pandemic-related demand fades
Revenue for one of China’s top instant noodle makers fell 3.6% in the first quarter, even as its profit grew thanks to sharply lower material costs Key Takeaways: Nissin Foods’…
Nissin Foods Serves Up Investor Comfort Food in Cups of Noodles
The premium noodle maker returned to profit growth in the third quarter, following a decline in the first half of the year, as it raised prices and brought rising ingredient…
FAST NEWS: Instant Noodle Maker Nissin Boosts Stake in Hong Kong Distributor
The latest: Instant noodle maker Nissin Foods Co. Ltd. (1475.HK) said it will pay HK$13.7 million ($1.76 million) to boost its stake in its Hong Kong and Macau distributor MCMS…
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