Angel Yeast Reports Strong Revenue Growth In First Half Of 2021
Wednesday, August 25th, 2021 | 111 Views
“Angel Yeast’s performance in H1 remained strong despite the lingering effects of the COVID-19 pandemic and the challenge of increasing costs. Our revenue ended well above our target for H1, and this positive result has placed us in a very good position of achieving our final goal of the year. We are confident that the strong momentum recorded in the first half of 2021 will continue throughout the rest of the year, supporting the growth trend across all our business units,” said Xiao Minghua, General Manager of Angel Yeast.
Committed to becoming a global innovation powerhouse for biotechnology, Angel Yeast has established itself as a leader of the industry, becoming the third-largest yeast company in the world. Now, Angel Yeast has set up 12 factories across the globe and has expanded its global presence to more than150 countries and regions.
In addition to Angel Yeast’s solid business performance, H1 has witnessed the company making significant stride in pursuing technological innovation. In the first half of 2021, Angel Yeast filed for 21 patents, of which 12 were granted. It has also established an R&D institute and platform led by industry experts and top-notch scientists, formulated industry benchmarks and standards for yeast products and yeast green factories.
For years, digital transformation has been at the forefront of Angel Yeast’s business strategy, and 2021 marks another milestone in the company’s long-term effort of digitizing its business operations. During the reporting period, Angel optimized its marketing and sales channels with digital tools, strengthened its cybersecurity, as well as promoted smart manufacturing by adopting a manufacturing execution system (MES) and setting up an industrial database.
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