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Global instant noodle sales will reach 100 billion packs in two years: new WINA Chairman.

Taipei, May 24, 2012 (CENS) -- Affected by the changing structure of emerging countries, economic recession, and unfavorable food-related factors, global sales of instant noodles managed to inch up only 3% in 2011, to 98.2 billion packs. This performance was worse than predicted, said I. Z. Wei, chairman of Tingyi (Cayman Islands) Holding Corp., citing statistics released by the World Instant Noodles Association (WINA). Wei also noted, however, that with the upgrading of food safety and the support provided by

Mainland China's 12th Five-year Plan, annual worldwide sales are expected to hit 100 billion packs within two years.

Wei made the above remarks at the 8th annual conference of the World Instant Noodles Association (WINA), which Tingyi recently held in Tianjin. The conference was attended by representatives of about 70 instant noodle producers from 25 countries, including Koki Andou, CEO of Nissin Food Products Co., and Z. X. Luo, general manager of Uni-President Enterprises Corp.

This was the first time that the WINA conference was held in Tianjin (location of the headquarters of Tingyi, which controls a 56% share of the instant noodle market in China) instead of Shanghai or Beijing. It attracted a record of more than 500 participants.

Wei, who was elected chairman of WINA at the recent conference, stressed his confidence that global sales of instant noodles would top 100 billion packs during his two-year term of service.

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Author:Chen, Annie
Publication:The Taiwan Economic News
Article Type:Brief article
Geographic Code:9TAIW
Date:May 24, 2012
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