Pang Kang

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  • Post category:China

Name: Pang Kang

Country: People’s Republic of China

Date of birth: 1956

Education: —

Type of business: Foshan Haitian Flavoring & Food Co

Main achievements: He is an entrepreneur and an innovator. Pang Kang is the owner of one of China’s biggest soy sauce producing companies. His net worth is around the US $15 billion.  

Smth interesting about the person: Pang Kang does not have any children.

Biography:

Pang Kang was born in Foshan, the People’s Republic of China, in 1956. He is the owner of one of the biggest and most successful companies in China. It is a soy sauce company that delivers its products not just in China but also worldwide. The company is known as Foshan Haitian flavoring and food co. Previously, he was the executive director of the Foshan Haitian flavoring and Food Company. By 1995, he became a collective shareholder with the initial investment of US $60k. In 2014, Foshan Haitian Flavoring and food was first introduced on the Shanghai stock exchange.

Foshan Haitian flavoring and food is the company which creates and sells different food flavors, seasoning and sauces. The company is located in Guangdong, a city in China. Although the company is very old, it was previously known as the Foshan sauce shop. By 1955, the company was made as a joint state privately owned company. Now, this company has over hundreds of products and over 300 specified flavors of sauces, vinegar, chicken powder, shrimp, hoisin, cooking wine, bean curd, and many other kinds of seasonings and sauces. It’s the main brand in the market and deals with the production of items to the food industry, which contributes most to finance house incomes. 

As China’s middle class selects to eat out more frequently, the move away from home cooking should positively affect FH’s salary. Soybeans were probably the most punctual survivor of the China-U.S. exchange war, and FH’s expenses may expand temporarily. Incomes for the subsequent quarter, in the meantime, we’re down 14% from the past quarter. Be that as it may, investigators project future yearly development of up to 17% for the soy sauce company.

The company owned 16 to 19 percent of China’s soy sauce market by 2010. Kikkoman and Lee Kum Kee were the major competitors of Haitian flavoring and Food Company. The company was listed among 200 Asia’s best over a billion in Forbes in 2019. It was ranked 1234 in the global 2000 list of Forbes in 2019. Its employers were listed among the world’s best employers in 2018 on the number 204 but dropped off in 2019. In addition to that, it was listed 220 in top regarded companies in 2018 by Forbes but was later dropped off in 2019. Moreover, Forbes has also listed it among Asia’s Fab 50 companies since 2018.

Pang Kang is the president, Cheng Xue is the executive vice president, and Guan Jianghua is the vice president of Foshan Haitian Flavoring and food co. The company’s products are exported to more than 60 countries and regions across the world. In 2017, Haitian created an income of 14.584 billion RMB and a net benefit of 3.531 billion RMB, individually rising 17.06% and 24.21% over degrees of a year back.

Pang Kang, who is now age 64, is 110 on billionaires list of 2020 by Forbes. He is number 13 on China’s rich list in 2019 by Forbes. Pang Kang does not have any children. He currently lives in Foshan, a city in the People’s Republic of China. Pang’s journey had its ups and downs, but in the end, it got the success it deserves, and now it is one of the leading companies in China.

Links:

https://en.wikipedia.org/wiki/Pang_Kang

http://www.haitian-food.com/en/index.php?ac=article&at=list&tid=337

https://en.wikipedia.org/wiki/Foshan_Haitian_Flavouring_%26_Food_Co