Corporate Logo(source: orionworld.com)
Orion (271560) announced on April 15 that it will invest a total of 830 billion won to build a long-term foundation for global growth, aiming to reach 5 trillion won in revenue and 1 trillion won in operating profit.
Following a board meeting, Orion approved a 460 billion won investment to establish an integrated production, packaging, and logistics center within the Technopolis Industrial Complex in Jincheon, North Chungcheong Province. The company noted that the investment marks the largest domestic investment by a food manufacturer in the past five years.
The Jincheon Integrated Center will be constructed on a 188,000-square-meter (approximately 57,000-pyeong) site—equivalent to 26 soccer fields—with a total floor area of 149,000 square meters (about 45,000 pyeong). The facility will serve as a one-stop production base encompassing manufacturing, packaging, and logistics. Construction will begin in mid-2025 with completion targeted for 2027. Once operational, the plant will raise Orion's domestic production capacity to a maximum of 2.3 trillion won and will also handle export volumes.
The investment in Jincheon will be financed through dividends received from Orion’s overseas subsidiaries in China and Vietnam. Since 2023, the company has been repatriating dividends from its international operations, with approximately 290 billion won expected this year and a cumulative 640 billion won over the past three years.
Orion is also expanding investments in fast-growing overseas markets such as Russia and Vietnam. In Russia, where the factory utilization rate has exceeded 120%, the company plans to build an additional production wing at its Tver plant. This expansion comes just three years after the plant’s original launch in 2022.
The Russian expansion involves an investment of 240 billion won, adding 16 new production lines for pies, biscuits, snacks, and jellies. Upon completion, the facility’s annual production capacity will double to 750 billion won.
In Vietnam, Orion plans to invest 130 billion won. The company will complete a new building at its Yen Phong factory in Hanoi during the second half of the year, where it will increase its rice snack production capacity. In addition to launching new products like candy, Orion will sequentially expand existing product lines for pies and jellies, aiming to raise its production capacity in Vietnam to 900 billion won.
An Orion official stated, “Since our first overseas entry in 1993, the company has grown into a truly global business, with over 65% of revenue now coming from international markets.” The official added, “All of our domestic and international operations continue to grow steadily year after year, and this expanded production capacity will further solidify our long-term growth foundation.”
*[KOSPI]Orion(271560) is a company that manufactures various food and beverage products, including Choco Pie, a hit product in the domestic confectionery market, and is active in the Chinese, Russian, and Vietnamese markets, etc. Market capitalization is 4.55 trillion won(April 14, 2025, closing price).
Corporate Logo(source: orionworld.com)
Orion (271560) announced on April 15 that it will invest a total of 830 billion won to build a long-term foundation for global growth, aiming to reach 5 trillion won in revenue and 1 trillion won in operating profit.
Following a board meeting, Orion approved a 460 billion won investment to establish an integrated production, packaging, and logistics center within the Technopolis Industrial Complex in Jincheon, North Chungcheong Province. The company noted that the investment marks the largest domestic investment by a food manufacturer in the past five years.
The Jincheon Integrated Center will be constructed on a 188,000-square-meter (approximately 57,000-pyeong) site—equivalent to 26 soccer fields—with a total floor area of 149,000 square meters (about 45,000 pyeong). The facility will serve as a one-stop production base encompassing manufacturing, packaging, and logistics. Construction will begin in mid-2025 with completion targeted for 2027. Once operational, the plant will raise Orion's domestic production capacity to a maximum of 2.3 trillion won and will also handle export volumes.
The investment in Jincheon will be financed through dividends received from Orion’s overseas subsidiaries in China and Vietnam. Since 2023, the company has been repatriating dividends from its international operations, with approximately 290 billion won expected this year and a cumulative 640 billion won over the past three years.
Orion is also expanding investments in fast-growing overseas markets such as Russia and Vietnam. In Russia, where the factory utilization rate has exceeded 120%, the company plans to build an additional production wing at its Tver plant. This expansion comes just three years after the plant’s original launch in 2022.
The Russian expansion involves an investment of 240 billion won, adding 16 new production lines for pies, biscuits, snacks, and jellies. Upon completion, the facility’s annual production capacity will double to 750 billion won.
In Vietnam, Orion plans to invest 130 billion won. The company will complete a new building at its Yen Phong factory in Hanoi during the second half of the year, where it will increase its rice snack production capacity. In addition to launching new products like candy, Orion will sequentially expand existing product lines for pies and jellies, aiming to raise its production capacity in Vietnam to 900 billion won.
An Orion official stated, “Since our first overseas entry in 1993, the company has grown into a truly global business, with over 65% of revenue now coming from international markets.” The official added, “All of our domestic and international operations continue to grow steadily year after year, and this expanded production capacity will further solidify our long-term growth foundation.”
*[KOSPI]Orion(271560) is a company that manufactures various food and beverage products, including Choco Pie, a hit product in the domestic confectionery market, and is active in the Chinese, Russian, and Vietnamese markets, etc. Market capitalization is 4.55 trillion won(April 14, 2025, closing price).