Angel Yeast invested RMB 1.143 billion yuan (USD $170 million) for the new green production construction project. The scale of construction is to produce 35,000 tons of yeast and yeast extracts annually, increasing production capacity by 0.3 million tons. The project adopts green manufacturing technology to improve the automation, informatization, intelligent level of production process.
The project is scheduled to complete the internal and external decision-making approval of the project implementation plan by November 2020, groundbreaking in November 2020, completion of production in August 2022, reaching the design capacity in 2023, with the total construction period of 22 months. (Source: finance.sina)