In the presence of numerous Chinese officials, Lesaffre celebrated the completion of the extension work at its production site, ideally located in the city of Chongzuo, China’s sugar capital. Lesaffre is proud to be contributing to the development of a circular economy through its close cooperation with the sugar industry in Guangxi province.
On 13 June, Lesaffre’s CEO Antoine Baule opened the ceremony to mark the completion of the extension work at the Guangxi Sungain site in the presence of Fabrice Lesaffre, a member of the Lesaffre & Co Executive Board, of Jean-Philippe Poulin, President of the China Baking Region, of Philippe Chanteloup, Group Industrial Management Director, of Brice-Audren Riché, General Manager of Biospringer Worldwide, of our Chinese partners and of numerous Chinese officials.
In 2015, Lesaffre signed a cooperation agreement with the Sungain sugar group in the presence of the Chinese and French Presidents, which announced the acquisition of a majority shareholding (70%) in the two Chinese companies Guangxi Sungain Yeast Co. Ltd and Guangxi Sungain Biological Co. Ltd. Four years later, thanks to synergy between both businesses, the new site extension and the upgrading of the existing plant will make it possible to boost the production capacity of active dry yeast and to prepare for the extension of the yeast extracts business. In all, both parties have invested a total of 500 million RMB (1 RMB = 0,16 €) in this project, which is being supported by the Chinese authorities. Equipped with the latest state-of-the-art fermentation technology and separation systems, the new production line is already operational. The boiler scheduled to support the extension of the yeast extracts business will be commissioned this summer.