Standard Foods Corporation (Taiwan, China)

In 1978 Quaker Oats Company invested $4 million and founded a food factory to promote its oats products in Taiwan. Standard Foods Corporation was established on June 6, 1986 by purchasing Quaker Oats’ factory in Taiwan while acquiring the operating rights of its oats products and reaching the trademark license agreement. On August 8, the company got business registration certification and started its business officially. On April 9, 1995 the company was listed officially in Taiwan Stock Exchange. In December 2002, the company changed its English name from Standard Foods Taiwan Limited to Standard Foods Corporation. Till 2007 the total number of employees amounted to 2,000 people and the annual turnover reached to nearly NT$ 10 billion. During the year ended December 31, 2010, the company obtained approximately 84% and 14% of its total revenue from nutrition food and kitchen food, respectively. Standard Foods Corporation has been primarily engaged in the production and distribution of nutrition food, edible oil products, dairy products and beverages. The company’s products include milk powders, oat products, adult nutrition food, Chinese herbal healthcare products, as well as healthcare beverages and edible oil, among others. The company also provides leisure food. The company provides its products under the brand named QUAKER. The company’s various products have been granted healthy food certification. For example Quaker oats has won double certifications granted by FDA of the USA and Department of Health, Executive Yuan of R.O.C. (Taiwan). After more than twenty years of development the company has developed to a business group including Standard Foods Taiwan Limited, Standard Dairy Products Taiwan Limited, Standard Beverage Company Limited and Standard Foods Shanghai Limited.