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.
Angel Yeast Co., Ltd. is also planning to open a constituent cooperation in Russia for the plant establishment and sales in Russian area.