Angel Yeast will establish a wholly-owned subsidiary in Singapore to promote its internationalization strategy and the development of the Asian Pacific market. The company, which is the largest yeast company in Asia and the third-largest in the world, will invest $1 million to coordinate and manage the regional markets of East Asia, South Asia, Southeast Asia and Oceania.
The company operates 11 factories in China, Egypt and Russia with a total production capacity of more than 270,000 tons of yeast products.
