"CJ CheilJedang Strengthens Future Growth Engine by Establishing FNT Division"

Focused Growth on Future Food Materials and Alternative·Cultured Proteins
FNT Project Sales to Exceed 2 Trillion KRW Annually by 2025
Choi Haeryong, Former HNH Business Division Head, Appointed New Division Chief

[Asia Economy Reporter Eunmo Koo] CJ CheilJedang is establishing a new organization to focus on high value-added future businesses such as future food materials, nutrition solutions, alternative protein, and cultured protein. CJ CheilJedang plans to grow the sales of these business sectors from the current approximately 1 trillion KRW to over 2 trillion KRW by 2025.

On the 13th, CJ CheilJedang announced that it has created the FNT (Food & Nutrition Tech) business division through an organizational restructuring. Accordingly, CJ CheilJedang has been reorganized into four business divisions: Food, Bio, FNT, and Feed & Care.

Through the FNT business division, CJ CheilJedang will combine technological infrastructure such as microbial fermentation and strain development with B2C capabilities including marketing and quality control.

Choi Eun-seok, CEO of CJ CheilJedang, said in a CEO letter to employees, "Under the group's four major growth engines, C.P.W.S (Culture, Platform, Wellness, Sustainability), we have selected these business areas as fields to take on significant challenges. Since their growth potential is expected to be very high, we aim to make them new future growth drivers."

Choi Haeryong, former head of the HNH business division, who has extensive understanding and experience in bio and food materials businesses, was appointed as the new head of the FNT business division.

CJ CheilJedang has equipped the FNT business division with planning, operations, new business development, marketing, and R&D organizations so that it can operate as a single business entity. The goal is to expand the FNT business division’s sales, currently estimated at about 1 trillion KRW annually, to over 2 trillion KRW by 2025.

In the future food materials sector, the company will focus on developing next-generation raw materials and expanding business based on the organization and functions of the HNH (Human Nutrition & Health) business division, which was previously part of the Bio business division. The nutrition solutions business will expand customized solution offerings, and the cultured protein business will secure high value-added culture media. In the alternative protein sector, new protein raw materials will be developed based on plant-based 'TVP (Textured Vegetable Protein)' technology and microbial fermentation technology.

A CJ CheilJedang official said, "With full company-level support planned, we will focus on early establishment of core competencies that can compete in the global market."

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