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Angel Yeast Co., Ltd.

Source: hubei.gov.cn 06/03/2016 05:06:01

Built overseas plants to cut cost, enhance competitiveness

As the leading enterprise in yeast industry in Asia, and the third-largest yeast company in the world, Angel Yeast Co. , Ltd conducts business in more than 140 countries and regions worldwide.

In 2013, the company’s plant in Egypt with investment of 80 million U.S. dollars was put into operation.

Angel Yeast introduced that abundant resources, cheap natural gas and convenient transportation were the reasons for them to establish the first plant in Egypt.

In July last year, Angel Yeast started the construction of the second overseas plant in Russia with an investment of 463 million yuan.

For the sake of lowering transportation cost and using the cheap labor force, the Yulu Auto Parts Manufacturing Co., Ltd in Shiyan will invest 50 million U.S. dollars to set up plant in Laos, so as to further enhance the product competitiveness.

Li Jian, the president of J.S. Corrugating Machinery Co., Ltd (J.S. Machine), said that the increasing labor cost made their businesses face with severe challenge. In order to resolve the dilemma, the plants in Vietnam and India were operational. In 2015, J.S. Machine realized sales revenue of more than 5 billion yuan, among which, the overseas plants accounted for a half.

Building plants overseas could also help the enterprises avoid anti-dumping and anti-subsidy investigations, ease trade friction, lower cost, the related personnel of WISCO said.