Chinese Angel Yeast to invest 10 billion rubles in grain processing in Russia
By Alexander Miller, expert in energy markets. Eurasia Service news, January 20, 2023
Angel East Rus LLC (owned by the Chinese Angel Yeast) prepares to develop a plant for deep processing of grain in the Dankovsky district of the Lipetsk area, in Western Russia, reported journalism service of the local federal government, with referral to the basic director of the business Qin Jianhua.
The Chinese group means to invest more than 10 billion rubles in this job. It is prepared to develop 400 brand-new tasks. Other criteria of the job were not yet defined up until now.
“ The job will be talked about. The next conference was set up for February,” the report stated.
The plant “Angel East Rus” for the production of dry yeast lies in the city of Dankov, Lipetsk area. The business has 7 assembly line. Production is practically totally automated. The very first phase of the business opened in February 2019, the volume of financial investments totaled up to about 7 billion rubles. More than 50 lots of dry yeast and more than 20 lots of pushed yeast are produced here each day. In 2023, the business prepares to present brand-new assembly line, which will increase the yearly production of dry yeast by 2 thousand loads. Investments will total up to 2.6 billion rubles.
According to the Russian Unified State Register of Legal Entities, Angel East Rus LLC was signed up in August 2015 in the Russian city of Dankov. 99% of the share capital is owned by Angel Yeast Co. Ltd. The signed up CEO is Qin Jianhua.
The business’s profits at the end of 2021 increased by 13.5%, to 4.2 billion rubles, bottom line reduced to 396.4 million rubles versus 1.1 billion rubles in 2020.
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As mentioned on the site Angel Yeast, this Chinese business has actually been taken part in the production of yeast and its derivatives for more than thirty years. 8 production bases of Angel Yeast lie in China, 2– abroad (in Egypt and Russia). The business produces pastry shop yeast and active ingredients, yeast extracts, fodder yeast, nutrition media for bacteria, yeast for the preparation of alcohols, biologically active ingredients and natural fertilizers.
Angel Yeast is a noted business focusing on yeast and biotech. Item service covers Yeast and Baking, Yeast Extract-Savoury, Nutrition & & Health and Biotechnology fields. It is among the world’s leading business in the yeast market. Angel Yeast was established in 1986 and is headquartered in Yichang, China.
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