Namchow

What Namchow does

Namchow Holdings Co., Ltd. (TWSE: 1702) is a Taiwanese diversified food manufacturing and consumer products conglomerate founded in 1952 by Chen Qizhi and headquartered in Taipei. Operating across Taiwan, mainland China, Thailand, and Japan, the group runs seven business domains: oils and fats, flour-based products (frozen dough), rice-based products, restaurant chains, household cleaning, biotechnology, and integrated hotels. Manufacturing assets span 8 plants including Taiwan (Taoyuan, Zhongli, Tainan), mainland China (Tianjin, Guangzhou, Shanghai Jinshan 1&2), and Thailand (Bangpong), each maintaining extensive food safety certifications (ISO, HACCP, FSSC 22000, AIB, RSPO, HALAL, BRC, IFS, KOSHER). Core product lines include Namchow Fats and Oils branded baking oils and margarines, frozen dough and frozen cooked udon noodles (Sanuki), DuRoyal and Kabiso ice cream, Crystal Soap and Chin-Chin Soap household products, Dian Shui Lou Jiangzhe cuisine restaurants, and Paulaner beer restaurants.

The business model combines B2B ingredient supply to professional bakeries and food processors (with 5 regional sales offices across Taiwan and a sales-and-distribution network reaching 80+ countries via the Thailand facility), B2C branded consumer products through retail channels, OEM/private-label manufacturing for accounts such as FamilyMart, IKEA, and McDonald's Taiwan via subsidiary Royal Coca-Cola, and direct-to-consumer restaurant operations across Taiwan, Shanghai, and Tokyo. Revenue is generated through one-time sales of manufactured goods across food manufacturing, ice cream, restaurant, consumer products, and tourism/lifestyle segments, complemented by 5 regional sales offices and the Namchow Taoyuan Life Experience Park tourism factory (1.6M+ visitors since 2012). The group trades on the Taiwan Stock Exchange (1702), holds an A-share listing in Shanghai (Namchow Foods), and in October 2025 listed ice cream and frozen noodle subsidiary Royal Coca-Cola (TWSE: 7791), establishing a tri-listing capital structure under family control of the Chen family.

Underlying capabilities include ERP-integrated product traceability with batch control and cloud-based tracking across regions, a CNAS-accredited national laboratory in Shanghai, integrated production-to-table operations spanning oils, frozen dough, ice cream, bakery ingredients, restaurants, and consumer packaged goods, and legacy technology partnerships with Japanese Kato Yoshikichi (instant frozen noodle, 1982), German Paulaner Group (1984), Hong Kong Dairy Farm (DuRoyal, 1971), and US Procter & Gamble and Chesebrough-Pond's (1960s-1973). Diversification across geographies, products, and channels is the defining operating posture, though the group's 2024 involvement in the Central Union Oil benzopyrene contamination case (NT$3M fine against Namchow Oil & Fat) introduced supply-chain compliance risk and was followed by 2026 leadership succession after the passing of founding Chairman Chen Feilong.

Name

Namchow

Legal name

Namchow Holdings Co., Ltd. (南僑投資控股股份有限公司)

Website

https://namchow.com.tw

Company type

Public

Founded year

1952

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Namchow Holdings (TWSE: 1702) is a 70+ year-old Taiwanese diversified food and consumer products group manufacturing oils, frozen dough, ice cream, instant noodles, and soaps across Taiwan, China, Thailand, and Japan while operating restaurant chains and exporting to 80+ countries.

Ownership category

akta.pro rank

Product category

Food Manufacturing

NAICS

Bakeries and Tortilla Manufacturing (3118), Frozen Specialty Food Manufacturing (311412), Ice Cream and Frozen Dessert Manufacturing (311520), Dry Pasta, Dough, and Flour Mixes Manufacturing from Purchased Flour (311824)

SIC

Food And Kindred Products (2000), Bakery Products (2050), Ice Cream & Frozen Desserts (2024), Dairy Products (2020)

akta.pro primary industry

Frozen prepared meals & entrées manufacturing (AFAKAHAA)

akta.pro secondary industries

Refrigerated & Frozen Doughs and Batters Manufacturing (AFAKACAM), Noodle Manufacturing (instant, ramen, rice noodles) (AFAKABAC)

Keywords

• Food manufacturing
• Baking oils fats
• Frozen cooked noodles
• Ice cream production
• Restaurant chain operations

Headquarters

HQ city

Taipei

HQ country

Taiwan

HQ region

Asia

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Food Manufacturing: Core business spanning oils and fats, frozen dough, instant noodles, ice cream, and bakery ingredients sold B2B to food processors and B2C through retail channels. Diversified across Taiwan, China, Thailand, and Japan markets.
2. Restaurant Operations: Restaurant chains including Dian Shui Lou (Jiangzhe cuisine), Paulaner beer gardens, BAKTRO bakeries, and specialty dining concepts in Taiwan, China, and Japan. Royal Coca-Cola subsidiary also operates ice cream retail.
3. Ice Cream Manufacturing: Manufacture and distribution of ice cream products under DuRoyal brand, private label manufacturing for major clients (FamilyMart, IKEA, McDonald's), and premium ice cream retail through Kabisio brand.
4. Consumer Products: B2C sales of branded consumer goods including Crystal Soap, Qinqin soap, Zhangzhiwuyu skincare products, and food products through retail channels and own-brand stores.
5. Tourism Experience: Namchow Taoyuan Life Experience Park (觀光工廠), attracting visitors for factory tours, DIY experiences, and educational programs. Over 1.6 million visitors since 2012.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Namchow manufactures and sells a diversified portfolio of food products spanning baking oils and specialty fats, frozen dough, frozen cooked udon noodles (Sanuki), ice cream (DuRoyal, Kabiso), instant noodles and rice crackers (Little Cook, produced in Thailand), and household cleaning products (Crystal Soap, Chin-Chin Soap). The group also operates restaurant chains including Dian Shui Lou (Jiangzhe cuisine, Michelin Bib Gourmand 2018), Paulaner German beer gardens, BAKTRO bakery bistros, and Honbaryu noodle shops, and supplies private-label ice cream to FamilyMart, IKEA, and McDonald's.

Product overview

Namchow Holdings Co., Ltd. (南僑投資控股股份有限公司, stock code 1702) is a diversified food manufacturing and hospitality group founded in 1952, operating across Taiwan, mainland China, Thailand, and Japan. The group is organized into multiple business segments: oils and fats (南僑油脂), frozen dough and cooked noodles (南僑冷凍麵糰, 南僑讚岐), ice cream (杜老爺, 卡比索), dining and restaurant chains (點水樓, 寶萊納, 本場流), and household care (水晶肥皂, 親親肥皂, 樟之物語). The publicly listed subsidiary Royal Coca-Cola Co., Ltd. (stock code 7791) handles ice cream and frozen cooked noodle businesses, while Namchow Food (Shanghai) is A-share listed on mainland China's stock exchange. The group also operates production facilities spanning Taiwan (Taoyuan, Zhongli, Tainan), mainland China (Tianjin, Guangzhou, Shanghai Jinshan 1&2), and Thailand (Banpong, Ratchaburi), covering oils, frozen dough, ice cream, rice crackers, instant noodles, and restaurant operations.

Differentiator

Problem solved

Functional benefit

Brands

• Namchow Fats and Oils (南僑油脂): Baking fats, edible oils, and margarine products for professional bakers and food manufacturers.
• Old Master Du (杜老爺)
• Kabiso (卡比索)
• Crystal Soap (水晶肥皂)
• Chin-Chin Soap (親親肥皂)
• Little Chef (小廚師)
• Dian Shui Lou (點水樓)
• Paulaner (寶萊納)
• Honbaryu (本場流)
• Sanuki Udon (南僑讚岐)
• Royal Coca-Cola (皇家可口)
• Camphor Story (樟之物語)

Products and services

• DuRoyal Ice Cream (杜老爺冰淇淋)

Quantifiable outcome

• Over 1.6 million visitors to Namchow Taoyuan Life Experience Park since 2012
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Singapore South顺 Group (新加坡南順集團)minorChannel Partner/ Reseller/ Distributor · 1 January 2019Cooperation established in 1996 with Singapore South顺 Group for regional distribution. Joint venture South新 Food Company (南新食品公司) established. Ended in 1996.
• Mainland China Tianjin Dinghao Oil Company (天津頂好油脂公司)coreStrategic or Co-development Partner · 1 January 1993Established in 1993 to enter mainland China market, producing and selling baked oils. Later evolved into Tianjin Namchow Foods Co. for baked oils, whipped cream, and frozen dough products in China.
• German Paulaner GroupcoreStrategic or Co-development Partner · 1 January 1984Technology partnership established in 1984 for beer brewing and restaurant operations, leading to the establishment of Paulauner beer garden restaurants in Shanghai (first location on Fenyang Road) and later expansion to Taipei and other locations in China.
• Japanese Kato Yoshikichi Corporation (加藤吉株式会社)coreTechnology or Integration · 1 January 1982Technical cooperation established in 1982 for frozen cooked noodle (instant frozen noodles) business, with production lines set up at Zhongli factory in Taiwan. This was the first instant frozen noodle production base in Taiwan.
• US Häagen-Dazs CompanyminorStrategic or Co-development Partner · 1 January 1977Joint venture established in 1977 with US Häagen-Dazs Company for ice cream manufacturing and distribution in Taiwan. Ended in 2003.
• Japanese Mi Yo Shi Corporation (日本Mi Yo Shi株式会社)coreTechnology or Integration · 1 January 1973Technical cooperation established in 1973 for baked oil and fat products, with new factory established in Taoyuan for production.
• Hong Kong Dairy Farm GroupminorStrategic or Co-development Partner · 1 January 1971Joint venture with Hong Kong Dairy Farm Group to establish International Royal Dairy Co. (國際皇家乳品股份有限公司) for ice cream products under the DuRoyal brand. Ended in 1996.
• US Procter & Gamble (P&G)minorStrategic or Co-development Partner · 1 January 1968Joint venture with US Procter & Gamble Company to establish P&G Taiwan (寶僑家品股份有限公司) for manufacturing and sales of personal care products including Stayfree, Oil of Olay, Head & Shoulders, and Pampers. Ended in 1990.
• US Chesebrough-Pond's Inc.minorStrategic or Co-development Partner · 1 January 1960Joint venture with US Chesebrough-Pond's Inc. to establish Taiwan Pond's Company (台灣旁氏公司) for manufacturing and sales of Pond's Cold Cream and related products. Transferred in 1987.

Scale indicators8 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Nestlé: Global food and ice cream giant with broad exposure to frozen desserts, noodles (Maggi), and baking ingredients. Comparable as a broad incumbent against Namchow's diversified food portfolio and OEM ice cream platform.
• Ajinomoto: Global food manufacturer (TYO 2802) with frozen foods, seasonings, and amino-acid based ingredients. Overlaps with Namchow on frozen prepared foods, bakery ingredients, and B2B ingredient supply.

Direct peers

• Toyo Suisan (Maruchan): Japanese instant-noodle and frozen-foods manufacturer (TYO 2875) with comparable product architecture in frozen cooked noodles and global export reach — directly comparable to Namchow's noodle and frozen-dough businesses.
• Morinaga & Co. Japanese ice cream, confectionery, and food-ingredient producer (TYO 2201). Highly comparable to Royal Coca-Cola's DuRoyal and Kabiso ice cream portfolio and Namchow's broader branded consumer-foods business.
• Want Want China Holdings: Pan-Asia branded food and beverage conglomerate (HKEX 0151) with dairy, snacks, and rice-cracker lines that overlap Namchow's rice-cracker, ice cream, and bakery-snack offerings across Greater China.
• Nissin Foods Holdings: Global instant and frozen noodle leader (TYO 2897), most directly comparable on Namchow's Sanuki frozen-cooked-noodle line and Royal Coca-Cola's expanding frozen-noodle capacity.
• Uni-President Enterprises: Taiwan-listed food conglomerate (TWSE 1216) operating across noodles, dairy, frozen foods, bakery ingredients, and restaurants in Greater China and Southeast Asia. Closest geographic and product-mix comparable to Namchow, including competing baking-oil and frozen-noodle lines.
• Tingyi (Cayman Islands) Holdings: Greater-China packaged-foods leader in instant noodles and beverages (HKEX 0322). Directly comparable to Namchow on noodles, frozen foods, and mainland China distribution scale.
• AAK (AarhusKarlshamn): Specialty oils and fats manufacturer (STO AAK) supplying bakery, dairy, and food-service customers globally. Closest pure-play comparable to Namchow's oils-and-fats business, which is ranked #1 in China and #11 globally.

Regional players

• Binggrae: Korean ice cream and packaged-food manufacturer (KRX 005180) with branded frozen-dessert products across Asia. Comparable to Royal Coca-Cola's DuRoyal branded ice cream portfolio from a regional competitor perspective.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/namchow
• Facebookfacebook.com/namchow
• Instagraminstagram.com/namchow

Compliance20 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Namchow