Angel Yeast to Invest 422.4 Million Yuan in Industrial Park Expansion

MT Newswires Live06-15

Angel Yeast (SHA:600298) plans to invest 422.4 million yuan in the phase III construction of its health food industrial park, according to a Shanghai bourse filing on Saturday.

Phase III aims to expand and upgrade the manufacturing capacity of the company's food ingredient products within 24 months, starting in August.

The project includes the construction of production lines that will annually produce 5,000 tons of flavored dough, 6,000 tons of emulsifier and release oil, 1,500 tons of rice wine yeast, 45,000 tons of PET aseptic beverage filling, and 5 million units of tinplate packaging containers.

The food company's shares fell 2% during Monday's afternoon trade.

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