Angel Yeast Subsidiary Allocates 845 Million Yuan for New 20,000-Ton Yeast Product Manufacturing Initiative

Stock News09-01

Angel Yeast Co.,Ltd. (SH: 600298) has announced that its subsidiary, Cocodala Angel Yeast Co., Ltd., will proceed with a green manufacturing project designed to produce 20,000 tons of yeast products annually, with a total investment of 845 million yuan.

The initiative involves constructing a new production line for 20,000 tons of yeast products per year along with supporting facilities. The construction phase is scheduled to span 20 months, with operations expected to commence in April 2027.

This strategic move serves two key purposes. On one hand, it positions the company to capture emerging opportunities in the yeast extract and yeast protein markets, strengthening its portfolio of high-value-added yeast offerings while fostering new productive capabilities and reinforcing its industry leadership. On the other hand, the project aligns closely with the company's broader vision of advancing future food solutions and developing the life and health industry sector, which is expected to enhance profitability and drive sustained, steady corporate growth.

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