Orion Ranked 14th in Global Confectionery Magazine

[Asia Economy Reporter Choi Saeng-hye] Orion announced on the 9th that it ranked 14th in the 'Global Top 100 Confectionery Companies' published by Candy Industry, a global confectionery industry magazine. This is the highest ranking among domestic confectionery companies.

The Global Top 100 Confectionery Companies is a ranking published annually by Candy Industry based on the previous year's sales of confectionery companies worldwide. Orion achieved its highest-ever operating profit since its founding, with 2.0233 trillion KRW in sales and 327.3 billion KRW in operating profit last year, moving up one spot from the previous year to 14th place. Orion is the only domestic company to enter the top 15 for eight consecutive years, reaffirming its status as a global company competing with leading confectionery companies in the US, Europe, Japan, and other regions.

Despite difficult domestic and international conditions last year, all of Orion's subsidiaries continued steady growth. The Korean subsidiary saw new products in the snack, pie, and biscuit categories gain widespread popularity, surpassing 100 billion KRW in operating profit for the first time. The Chinese subsidiary achieved an operating profit margin exceeding 16% through successful new products and innovations in sales and logistics structures, surpassing pre-THAAD incident levels. The Vietnamese subsidiary achieved record-high sales and operating profits, driven by the popularity of the newly developed rice snack 'An' and mass-produced bread 'Ssebon.' The Russian subsidiary experienced double-digit growth in both sales and operating profit by expanding the Choco Pie lineup and successfully launching new products such as 'Gute' (Gosomi) and 'Moist Choco Chip.'

Orion plans to continue healthy growth by strengthening product competitiveness and successfully executing new businesses across all domestic and overseas subsidiaries, while simultaneously enhancing global competitiveness through profit- and efficiency-focused management transformation.

An Orion official stated, "We will continue to develop high-quality products that can be loved by consumers beyond regional boundaries and compete with global companies," adding, "We will also actively promote the overseas expansion of 'Orion Yongamsu' to lay the foundation for new growth."

This content was produced with the assistance of AI translation services.