Belimo H1 Sales Surge as AI Data Center Cooling Drives More Than Half of Growth 
Samsung Biologics Launches $1.81 Billion Bid to Acquire PolyPeptide 
Saudi Oil Tankers Reverse Course as Houthi Threats Disrupt Red Sea Shipping 
Hong Kong AI Stocks Rally as Moonshot AI’s Kimi K3 Launch Boosts Market Optimism 
ASEAN Ministers Warn Middle East Conflict Threatens Regional Stability and Energy Security 
Nationwide Data Center Protests Highlight Growing Backlash Against AI Expansion 
US Stock Futures Hold Steady as Tesla, Alphabet Earnings and Iran Conflict Dominate Market Focus 
Pakistan Seeks $10 Billion U.S. Exchange Stabilization Fund to Boost Forex Reserves 
Foxconn Wins First SpaceX AI Server Contract Worth Estimated $52 Billion 
Wistron Opens $700M Texas AI Factory to Build Nvidia GB300 Superchips 
ASML Trillion-Dollar Valuation: Can Europe’s AI Chip Giant Reach the Historic Milestone? 
US Dollar Climbs to Weekly High as Middle East Tensions Lift Treasury Yields and Safe-Haven Demand 
GM Q2 Earnings Beat Estimates as General Motors Raises 2026 Profit Outlook 
Chalco Shares Jump as Chinalco Plans Up to $300 Million Stake Increase 
Asian Currencies Hold Steady as Middle East Tensions Boost US Dollar, Oil Concerns 
Germany Producer Prices Rise 1.8% in June, Missing Forecasts 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
Orion confectionery company, headquartered in Yongsan, South Korea, is also operating in Vietnam through its local subsidiary there. It was reported that this overseas unit has achieved very high sales records, and as of November, the amount was more than $313.8 million.
The given number is said to be the company’s accumulated sales from January to last month. This showed a 38% increase compared to last year in the same period. With the sales results for 11 months, Orion Corp. is apparently experiencing rapid growth in the said country.
According to The Korea Economic Daily, the high sales were attributed to the popularity of its Choco pie snack product. This has been selling out fast, along with the O’Star potato crisp, boosting Orion’s sales.
It was in 2005 when Orion brought the brand to Vietnam by establishing a local subsidiary. In 2016, it saw KRW200 billion in sales and this amount was topped last year after earning KRW300 billion.
The Choco pie alone is a moneymaker already and showed annual earnings of KRW100 billion in the Southeast Asian market. It was mentioned that the pie has become part of local wedding favor in Vietnam, and it is also used on the altar for ancestors, and these have made the snack one of the bestsellers in the country.
Orion’s O’Star potato crisp also topped the ranking for potato snacks and compared to 2021. Its sales increased by 39% in the same period. Business experts opined that two of the leading reasons for the surge in sales for Orion products were the full localization of the company’s production facilities and the flavor of choco pie and potato crisps that suit the Vietnamese palate very well.
Moreover, they said that the company’s ability to build connections with distributors also contributed to the brand’s commercial success here. It is said to have secured more than 170 dealers across the region.
Finally, Yonhap News Agency reported that Orion is planning to add new production facilities at its production plants in Ho Chi Minh City and Hanoi. It is also considering setting up another factory, but this is still a plan at the moment.
