Business Description
Orion Holdings Corp (Orion) manufactures and supplies beverages, confectionery, and snack products. It caters its products to retailers, distributors, and confectioneries. The company operates through five business segments: Confectionery, Video, Construction, Investments, and Others. Orion has seven factories located in Iskan, Cheongju, Ansan, Miryang, and Jeju, South Korea.
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R&D Overview
The company's R&D division benefits from the development of new products. Orion’s R&D center constantly focuses on consumer needs through various long-term strategies for products and conducts research on product capabilities and aims on developing high-quality products. The R&D center is majorly concentrated on the R&D of biscuits, pies, chewing gum, chocolate, and candy. Some of the major research undertaken by the company’s R&D team in FY2021 is the development of cereal products using sugar solution coating technology; the development of sugar-free gummies applied with functional materials; the development of double-layer chocolate complex biscuits containing menthol; the development of thin baked potatoes using raw materials; development of non-aging rice cake; development of special starch and process to realize chewy texture, and many more. In FY2021, the company incurred expenses of KRW4,723 million on R&D compared to KRW6,456 million in FY2020, a decrease of 26.8% YoY.
Business Segments
Overview
Includes manufacturing and sales of confectionery and snacks.
Performance
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Overview
Offers construction of buildings.
Performance
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Overview
Conducts investments in various real estate businesses.
Performance
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Overview
Includes other businesses such as beverage business, information service business, investment, and trade.
Performance
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Overview
Offers distribution of movies and does production investment in South Korean movies.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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