A-Sha becomes Taiwan’s first food company listed by Inc. magazine

19-Sep-2020 Intellasia | TaiwanNews | 6:02 AM Print This Post

Taiwan’s A-Sha Foods was recognised as the 11th fastest-growing private food company in the US by Inc. Magazine on Tuesday (September 15) the first Taiwan food corporation to receive such an honor.

According to the 2020 edition of the Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in the US, A-Sha ranked No. 11 among food companies and No. 392 overall. It has posted revenue growth of 1,182 percent in just three years.

According to UDN, A-Sha Foods made NT$400 million (US$13.7 million) in revenue last year, with 52.6 percent accounted for by US customers. The company estimates its revenues will double in 2020, with 72 percent accounted for by the US market.

Henry Liao, chair of Breeze Group, which has operational control and majority ownership of A-Sha Foods, said the food company began exploring the international market in 2011 and has established subsidiaries in the US He said the famed A-Sha dry noodle products can be found in retailers across the states, including Safeway, Whole Foods, Walmart, Amazon, and Costco.

Liao said A-Sha has seen market growth despite the pandemic and is most popular among customers from Asia, India, and Mexico. He said the company made the right choice to globalise its products and will continue to introduce Taiwanese foods to foreign citizens, reported ETtoday.



Category: Taiwan

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