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ABF Ingredients have today announced a further expansion of their Ohly Yeast Extracts business with the building of a new Yeast Extracts plant in Acheng, Harbin, China.
The plant will produce a full range of Yeast Extract Specialties and will be part of a joint expansion with its sister company, AB Mauri, who will further expand in Bakers Yeast at the existing Acheng, Harbin site in the Heilong Jiang province in North Eastern China.
The plant will produce in excess of 15,000 tonnes of Yeast Extracts for the food and fermentation markets. It will be on stream in 2009 with an investment of approximately $50million.
ABF Ingredients CEO, Stephen Catling said “this is a logical expansion to our Ohly Yeast Specialties business which further compliments our ability to service the market globally with our existing plants in Europe and the USA.”
During 2006 and 2007, the company spent in excess of $15million on selective capacity expansions in their plants in Boyceville, Wisconsin and Hamburg, Germany.
CEO Ohly and Yeast Specialty Proteins, Robert Rouwenhorst said “the Yeast Extract market continues to grow, especially in the Asian region, we will be well placed to meet this demand”.
