Latest news with #SPCGroup
Yahoo
19-05-2025
- Business
- Yahoo
Oh là là! Paris Baguette to open its first Fort Worth bakery location on Monday
Paris Baguette, a fast-growing chain of French-inspired bakeries and cafes, will open its first Fort Worth location on Monday, May 19. The bakery's menu includes sweet and savory pastries, breads, donuts (including mochi and croissant varieties), breakfast sandwiches, salads and wraps, as well as an assortment of hot and cold coffee drinks. It's especially popular for its wide selection of cakes — the menu includes such delights as a chocolate hazelnut cake with Nutella, a chocolate mousse salted caramel layer cake, a blueberry chiffon cake and a strawberry soft cream cake. The company's stated mission is to 'reestablish the neighborhood bakery café as the heart of the community around the world.' On Sunday, employees were seen inside the bakery training for that lofty goal. Paris Baguette already has more than 200 locations in North America, including franchise North Texas locations in Grand Prairie, Coppell, Lewisville, Carrollton, Frisco and Allen. The new Paris Baguette location is in far north Fort Worth at 2700 N. Tarrant Parkway, just west of Interstate 35W, in a recently built strip center near the popular Chicago hot dog joint Portillo's. The bakery's hours are 6 a.m. to 9 p.m. daily. The chain is owned by Korea-based SPC Group, which first entered the U.S. market in 2005. The company is building its first North American food manufacturing plant in Burleson, creating 450 jobs. The 267,000-square-foot facility is expected to be completed by late 2027 in the Highpoint Business Park in south Burleson off Interstate 35W. SPC Group pledged an initial investment of $165 million, with Burleson and Johnson County contributing approximately $10 million. SPC Group plans on reaching 1,000 franchises in North America in the next five years. The Burleson plant will also serve as a jumping-off point for Latin American expansion. In addition to manufacturing products for Paris Baguette cafes, the facility will distribute products for bread maker Samlip, a SPC Group subsidiary.
Korea Herald
19-05-2025
- Korea Herald
Another SPC worker dies in fatal bread factory accident
A worker died Monday in a fatal accident at a bread factory affiliated with bakery giant SPC Group, police said. The accident occurred at SPC's factory in Siheung, 35 kilometers southwest of Seoul, at around 3 a.m., when the worker, known only as a woman in her 50s, reportedly had her upper body caught in the conveyor belt during lubrication work. When rescuers arrived at the scene, she was lying on the floor after being separated from the machine, with her head damaged. She was responsible for spraying lubricant to ensure the conveyor belt runs smoothly during the process of cooling hot bread. Police are investigating the exact cause of the accident and will consider booking factory officials on charges of occupational negligence resulting in death if any violation of safety rules is found. The labor ministry will also investigate whether the Industrial Safety and Health Act and Serious Accidents Punishment Act were violated at the factory. SPC's factories have been beleaguered by various workplace accidents in recent years. In October 2022, a 23-year old employee was killed after her upper body was caught in a sauce mixer at the group's factory in Pyeongtaek, 65 kilometers south of Seoul. In August 2023, a 50-something worker died after being trapped in a dough machine at a Seongnam factory of Shani Co., an affiliate of SPC. (Yonhap)
Korea Herald
05-03-2025
- Business
- Korea Herald
Owner families in midsized firms need 3.8 yrs to rise to executive roles
Family members of owners of midsized companies in South Korea take less than four years on average to be promoted to executive management positions, a market tracker said Wednesday. A survey of the top 100 medium-sized businesses with total assets of less than 5 trillion won ($3.4 billion) each as of 2023 revealed that 101 out of 237 executives were members of the owning families, according to CEO Score. These individuals began their careers at their family-run companies at the average age of 30.7 and were promoted to executive roles at 34.5. In comparison, family members in large corporations reached executive positions slightly later, at the average age of 34.8, after joining their companies at 30.4. On average, it took 12.3 years for family members in midsized firms to advance to the position of president, slightly less than 12.9 years in large corporations. Notably, 33 family members in midsized firms were appointed to executive positions immediately upon joining the company. Hur Jin-soo, president of food company SPC Group, parent of bakery brand Paris Baguette, and Hyundai Group Chairwoman Hyun Jeong-eun are some of the examples. On the other hand, Ottogi Chairman Ham Young-jun had the longest journey to an executive position, taking 22 years to be promoted. (Yonhap)
Korea Herald
26-02-2025
- Business
- Korea Herald
SPC completes 2nd overseas bakery plant in Malaysia
SPC Group, a South Korean food and beverage company, said Wednesday it has completed its second overseas bakery plant in Malaysia as part of its expansion strategy. SPC invested 80 billion won ($56 million) in the Paris Baguette plant, located at the Nusajaya Tech Park in Johor Bahru, with an aim to gain a share in the $2.5 trillion global halal market, the company said in a press release. Halal food refers to products that are prepared in a specific way according to Islamic Sharia law, which covers not only meat but also fruits and vegetables. Once operational, the Johor Bahru plant will serve as a major production hub for supplying the Paris Baguette brand's bakery products across the halal food markets of Southeast Asia and the Middle East, the release said. SPC has so far advanced into 14 countries with the Paris Baguette brand. The number of Paris Baguette outlets has exceeded 600 globally. The company currently operates a bakery plant in Tianjin, China, and is in the process of building a $160 million bakery plant in Texas in the United States. Based on the expanded production facilities, it aims to operate 12,000 Paris Baguette outlets by 2030. (Yonhap)
