Angel Yeast: $75 million for 2nd overseas plant in Russia
The biggest Asian yeast manufacturer, Angel Yeast Co., Ltd., have signed an agreement with the state government to invest $75 million to build their second overseas yeast plant in Lipetsk Oblast, Russia.
The new plant will have the capacity of 20,000 MT annually. Beyond that, it includes a sewage treatment project, an organic fertiliser project and a natural gas electricity generation project.
The implementation of this program will optimise the layout of Angel's global yeast production, and improve the internationalisation strategy. It will help to extensively expand the yeast market of Commonwealth of Independent States, Middle-East and Africa.
Angel Yeast Co., Ltd will also open a constituent cooperation in Russia for the plant establishment and also for sales in the Russian area.
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