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The Chinese will build a large yeast factory near Lipetsk

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The Chinese will build a large yeast factory near Lipetsk

The Chinese company Angel Yeast will soon start the construction of a factory producing yeast in the Dankovskaya regional SEZ.

As the head of the Lipetsk regional administration, Oleg Korolev, told journalists, nine new claims from both Russian and foreign companies were adopted at a sitting of the supervisory council of the Lipetsk regional SEZ. New production, with a total investment volume of more than 7 bln rubles, will be put in operation over two years, and 606 new jobs will be created. The Angel Yeast company, one of the top three yeast producers in the world, is going to invest 5.3 bln rubles. The factory will produce 20,000 tons of yeast and 30,000 tons of fertilizers for agriculture per year.
The factory is to be built by June 2017. Its product should supposedly take a 12% share of the Russian market and will also be exported.

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