Angel Yeast: plans to invest 434 million yuan in expansion of yeast extracts
Apr 25, 2021
Angel Yeast (Dehong) company, a subsidiary of Angel Yeast company, plans to implement a green manufacturing project of yeast extracts with an annual output of 15,000 tons. The total budgeted investment is 434 million yuan. In combination with the company's "2025 strategy" on yeast industry planning and guaranteeing the supply of molasses raw material, the new project aims to ensure the supply of yeast extracts and satisfy the market demands.
The project will be implemented in two phases according to the plan of expanding the capacity of 15,000 tons of yeast extracts, and the first phase will build 10,000 tons. It is expected to be completed and put into operation in December 2022. The second phase will be implemented according to the supply of molasses raw material.
The end products of the new projects are mainly used in food taste, microbial nutrition, animal nutrition, and other fields. The project will promote green manufacturing, helping to ensure a healthier and more sustainable future for all.
Angel Yeast (Dehong) Company is engaged in the production and sales of highly active dry yeast and organic fertilizer. At present, it has an annual production capacity of 30,000 tons of dry yeast and 40,000 tons of biological organic fertilizer. The yeast factory and organic fertilizer factory cover an area of 118.5 mu (6.67 hectares) and 33.7 mu respectively. In 2020, Angel Yeast Dehong Company achieved operating revenue of 498 million yuan and a net profit of 34.87 million yuan.
Angel Yeast Company is a high-tech listed company specializing in yeast and biotech. Product business covers Yeast and Baking, Yeast Extract-Savoury, Nutrition & Health and Biotechnology fields. It is one of the world's leading companies in the yeast industry. Angel has 12 holding subsidiaries and provides products and services for more than 150 countries and regions.
ANGEL YEAST CO., LTD
Address: 168 Chengdong Avenue, Yichang, Hubei 443003, P. R.China
Tel: +86-717-6369520, 6369558