Asia's leading yeast manufacturer, Angel Yeast Co., Ltd., has signed an agreement with the state government to invest $75M to build its second overseas yeast plant.
The facility in Lipetsk Oblast, Russia will have a capacity of 20,000 MT annually. Beyond that, it includes projects for sewage treatment, an organic fertilizer and natural gas electricity generation.
The implementation of this program will optimize the layout of Angel’s global yeast production, and improve the internationalization strategy. It will help to extensively expand the yeast market of Commonwealth of Independent States, Middle-East and Africa.
Angel Yeast Co., Ltd. is also planning to open a constituent cooperation in Russia for the plant establishment and sales in Russian area.