US economy slows to 1.6% in Q1 of '24 – BEA    EMX appoints Al-Jarawi as deputy chairman    Mexico's inflation exceeds expectations in 1st half of April    GAFI empowers entrepreneurs, startups in collaboration with African Development Bank    Egyptian exporters advocate for two-year tax exemption    Egyptian Prime Minister follows up on efforts to increase strategic reserves of essential commodities    Italy hits Amazon with a €10m fine over anti-competitive practices    Environment Ministry, Haretna Foundation sign protocol for sustainable development    After 200 days of war, our resolve stands unyielding, akin to might of mountains: Abu Ubaida    World Bank pauses $150m funding for Tanzanian tourism project    China's '40 coal cutback falls short, threatens climate    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Ministers of Health, Education launch 'Partnership for Healthy Cities' initiative in schools    Egyptian President and Spanish PM discuss Middle East tensions, bilateral relations in phone call    Amstone Egypt unveils groundbreaking "Hydra B5" Patrol Boat, bolstering domestic defence production    Climate change risks 70% of global workforce – ILO    Health Ministry, EADP establish cooperation protocol for African initiatives    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    EU pledges €3.5b for oceans, environment    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    Acts of goodness: Transforming companies, people, communities    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egypt starts construction of groundwater drinking water stations in South Sudan    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Chinese company Angel Yeast aims to export 35,000 tonnes of yeast by end 2020
Baking powder to be launched during Gulfood participation: Azzazy
Dina Mohamed Published in Daily News Egypt on 18 - 03 - 2020

Angel Yeast, a major Chinese company working in the manufacturing of dry yeast and extracts, aims to export 35,000 tonnes of yeast, an increase of 16% compared to last year.
Ahmed Azazy, head of sales at Angel Yeast Egypt, said that the company exported 30,000 tonnes of dry yeast by the end of last year, and it intends to export approximately 35,000 tonnes of dry yeast by the end of this year.
He pointed out that the company exported about 65% of its production to 168 countries worldwide, while the rest went to the domestic market. Sudan is the company's largest importing country, with about 5,000 tonnes annually, followed by Libya, Rwanda, Tanzania, Mali, Mauritania, Lebanon, Syria, Yemen, and Saudi Arabia.
“The only obstacle in exporting to Africa is the difficulty of obtaining the dues and the value of the exported shipments. Therefore, the role of commercial representation offices in the countries of Africa must be revitalised, and exhibitions must be supported to increase the awareness of Egyptian products,” he explained.
The Chinese company Angel Yeast works in the production of dry yeast, yeast extracts, biological feed, baking powder, and food spices, and is the largest company in Asia.
He added that the company opened a plant for yeast extracts in the industrial zone in Beni Suef Governorate, with investments worth $70m, with a production capacity of 24,000 tonnes annually, in addition to its existing plant.
He went on to explain that production will start at the new baking powder factory during its participation in the Gulfood Exhibition in February 2020.
He also explained that the company's sales volume in the local market reached 6,000 tonnes of yeast, and there are plans to increase that to 7,000 tonnes by the end of this year.
Angel Yeast has been working in the Egyptian market since 2013, and the company has two factories in Egypt, 14 factories in China, and another in Russia. It holds the largest share of the market, and its production capacity of dry yeast ranges between 2000 and 2,200 tonnes per month.

Clic here to read the story from its source.