CJ CheilJedang

Korean company CJ CheilJedang, which in summer 2017 bought Ravioli, LLC in St. Petersburg, launches production of dumplings in April. It is reported by Delovoy Peterburg, noting that the new products will be manufactured under the brand of Bibigo.

23 March 2018

Ravioli has been completely changed hands to be controlled by CJ CheilJedang. Experts estimate the transaction amount at 1.4-1.7 billion rubles. The Koreans are going to widen the range of semi-finished food products by adding Vietnamese food stuffs, at the enterprise.

08 June 2017

The Federal Antimonopoly Service (FAS) extended consideration of the application of CJ CheilJedang (Korea) for the acquisition of 100% of Ravioli LLC (St. Petersburg) for two months. According to FAS, this was caused by the need for additional consideration and additional information in order to take a decision in accordance with cl. 2, Part 2, Article 33 of the Competition Law. Ravioli LLC declined to comment on the forthcoming deal. It wasn’t possible to contact CJ CheilJedang.

The portfolio of CJ CheilJedang includes about 30 brands, in particular, Bibigo (dumplings, meatballs, sauces, etc.). In order to expand business in China and the US, as well as to launch production in Russia, Vietnam and Germany, it is planned to invest more than $ 170 million, as reported by Kommersant referring to Business Korea.

23 March 2017

The South Korean company CJ CheilJedang that produces food products, pharmaceuticals and deals with biotechnology intends to increase the sales of frozen Asian pelmeni (dumplings) under the trademark Bibigo Mandu to KRW 1 trillion (USD 855.4 mln) by 2020, Business Korea reports. The company expects to have 70% of sales in foreign markets.

The company plans to increase the existing production facilities in China and the USA and start production in Russia, Vietnam, and Germany. For these purposes it will spend KRW 200 bln (USD 171 mln). CJ CheilJedang plans to achieve the sales level of KRW 130 bln (USD 111.2 mln) in Russia by 2020; the sales volume in South Korea is expected at the level of KRW 315 bln (USD 171 mln), and in the USA of KRW 280 bln (USD 239.5 mln).

The company also reports that it has recently acquired an unnamed Russian producer of frozen food. In Vietnam, the company is making pelmeni at the factory of one of the local producers of frozen food, in Germany it is investing in Mainfrost production facilities.

26 January 2017
170.0 mln
Saint Petersburg

Investor profile

CJ CheilJedang

South Korea

Company's website: https://www.cj.co.kr/cj-en

T: +82-2-67401114

Public Company

Contact: Gyeong Sik Son, Co-Chief Executive Officer

The food company CheilJedang withdrew from Samsung Group in 1993. Since then, the company has been expanding its areas of business. First they included pharmaceuticals, biotechnology and chemical industries. In 2002, it was renamed as CJ. Nowadays, it remains the largest Korean bio- and food company and it also became one of the leaders in entertainment and mass media.