Woojin B&G "OSP, Second Export of Organic Pet Food to Vietnam"
[Asia Economy Reporter Yoo Hyun-seok] OSP, a subsidiary of Woojin B&G, announced on the 14th that it will proceed with the second export of its premium organic pet food own brand product, "Natural Signature," to Vietnam.
Natural Signature is an organic (ORGANIC) product made from premium organic ingredients that do not contain chemical preservatives or genetically modified agricultural products, considering the health of pets. It has obtained HACCP (Hazard Analysis and Critical Control Points) certification, USDA-NOP (United States Department of Agriculture National Organic Program) certification, and FIPA certification, recognizing its quality as a premium pet food brand.
OSP is rapidly succeeding in targeting the global market. It is expanding export countries centered on Vietnam and Hong Kong. The quality is recognized to the extent that reorders have been requested in both countries.
An OSP official said, "Our premium organic feed, which targets the picky tastes of cats, has gained great popularity locally in Vietnam, leading to faster-than-expected exports," adding, "Demand for the product is expected to steadily increase, and we plan to actively target the market through continuous research and development and expansion of production facilities."
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Meanwhile, OSP has been growing steadily since being acquired by Woojin B&G. It recorded a cumulative operating profit of 3 billion KRW in the third quarter of last year, exceeding the previous year's full-year operating profit early. It also selected Daishin Securities and SK Securities as IPO underwriters. It is preparing for a KOSDAQ listing in the second half of this year, becoming the first pet food company in Korea to do so.
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