- Business
- Angel Yeast Co., Ltd (600298.SS) manufactures and markets yeast and yeast derivatives for applications in baking, food seasoning, nutrition and health, animal nutrition, brewing, and biotechnology. The company produces baker's yeast, bread improvers, premixes and other baking ingredients; Chinese dimsum yeast and seasoning products; yeast extracts including basic, high umami, peptide-rich and flavor varieties; nutritional yeast and health supplements; brewer's yeast; biological feed additives; enzymes; fermentation nutrients; bio-based materials; biofuels; and microbial nutritional products, marketed under brands such as Angel, Angest, Eagle, Gloripan, Bakerdream and Fabao. Angel Yeast operates production facilities and subsidiaries in China including Hubei, Guangxi, Shandong, Inner Mongolia, Yunnan and Henan; as well as in Egypt, Russia, Hong Kong and internationally, serving markets across Asia, Europe, Africa, the Americas, Australia, Central and South America, the Middle East and North America. Founded in 1986 and headquartered at 168 Chengdong Avenue in Yichang, Hubei Province, China, the company listed on the Shanghai Stock Exchange in 2000 and has grown into one of the world's largest yeast producers with a focus on biotechnology innovation. In recent developments, Angel Yeast partnered with PT Tunas Baru Lampung Tbk in 2024 to establish a new subsidiary in Indonesia's Lampung Province, contributing USD 43.46 million for land acquisition and yeast production projects to expand its Asia-Pacific presence, with completion targeted before February 2025; additionally, in January 2025, Angel Biotechnology Co., Ltd agreed to acquire Angel Yeast (Hubei Free Trade Zone) Co., Ltd from the parent company, subject to board approvals.