Subject : Corporate social responsibility
SHANGHAI, May 10, 2024 /PRNewswire/ — Angel Yeast, (SH600298), the world’s leading yeast manufacturer, recently participated in the Egyptian national celebration of International Workers’ Day 2024. This important event was marked by the presence of Egyptian President Abdel Fattahel-Sisi, who extended invitations to industry workers, employees and investors recognized for their positive contributions to the Egyptian economy.
We are very honored to be invited to this great celebration and we sincerely appreciate the recognition and support of Angel Yeast. Angel Yeast has always been committed to developing in the Egyptian market, not only providing high quality yeast products to meet market demand, but also promoting technological innovation and industry transformation. At the same time, Angel Yeast Egypt also attaches great importance to creating local jobs, improving the skills and income level of local workers, and actively participating in social assistance initiatives to contribute to communities. said LiuJun, general manager of Angel Yeast Egypt.
Increase investments to develop in the Egyptian market
Since 2010, Angel Yeast has gradually increased its investments in Egypt and expanded its local activities. The company currently employs more than 900 local workers, including 56 Egyptian supervisors and 14 key employees who supervise the districts, and has achieved a high level of localization in terms of daily management operations.
Angel Yeast seeks to create more job opportunities and support local government, and it plans to employ more than 1,000 local workers when its plan to expand yeast production to 20,000 tons per year is implemented.
Promoting the green circular economy and environmental governance
Angel Yeast Egypt actively works to create circular economy models and promote local agricultural development. It uses the abundant molasses in Egypt to improve sustainable production, converting molasses by-products into valuable resources, while wastewater generated during the yeast manufacturing process is treated to become organic fertilizers, which are then sold to support the local agricultural sector.
Preserving the environment 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 to actively assume its corporate social responsibilities.
Angel Yeast aims to promote sustainable development and inspire more people to take action and build a greener future for all, Liu said.
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Communiqué sent on May 10, 2024 08:56 and distributed by: