SHANGHAI, May 9, 2024 /PRNewswire/ -- Angel Yeast, (SH600298), the world's leading
yeast manufacturer, recently took part in Egypt's national celebration of the 2024
International Workers' Day. This significant event was marked by
the presence of Egyptian President Abdel
Fattah el-Sisi, who extended invitations to industry
workers, employees, and investors recognized for their positive
contributions to the Egyptian economy.
"We're very honored to be invited to the grand celebration and
sincerely appreciate the recognition and support of Angel Yeast. Angel
Yeast has always been committed to cultivating and
developing in the Egyptian market, not only providing high-quality
yeast products to meet the market demand, but also promoting
technological innovation and industry transformation. In the
meantime, Angel Yeast Egypt also attaches great importance to
creating local employment opportunities, improving the skill level
and income of local workers, and actively participating in social
welfare initiatives to make contributions to the local
communities," said Liu Jun, general
manager of Angel Yeast Egypt.
Boosting investment to expand in the Egyptian market
Since 2010, Angel Yeast has
gradually increased investment in Egypt and expanded local operations. The
company currently employs more than 900 local workers, including 56
Egyptian supervisor staff and 14 key employees overseeing the
districts, and has achieved a high degree of localization in terms
of day-to-day management operations.
Angel Yeast is looking to create
more employment opportunities and support the local government, and
it plans to employ over 1,000 local employees when its 20,000-ton
per year yeast production expansion project is put into
operation.
Promoting green circular economy and environmental
governance
Angel Yeast Egypt is actively building circular economy models
and promote the local agricultural development. It's utilizing
Egypt's abundant molasses to
enhance sustainable production, converting molasses byproducts into
valuable resources, while the wastewater generated during the yeast
manufacturing process undergoes treatment to become organic
fertilizer, which is then sold to bolster the local agricultural
sector.
Environmental conservation is a top priority and a key strategy
in Angel Yeast's sustainable
development roadmap. The company aims to achieve integrated and
coordinated development with communities and actively fulfill its
corporate social responsibilities.
"Angel Yeast aims to promote
sustainable development and engage more people to take actions and
build a greener future for all," said Liu.
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