Nov.14th, 2015, the French company, Lesaffre Group as the world largest yeast and fermentation... Read more
Lesaffre signs an agreement with Sungain Group to establish a new partnership in Chinese Yeast and Yeast extract Industry
Nov 03, 2015
Pursuing its expansion strategy on Chinese market, Lesaffre, a key global company in the field of yeast and fermentation, has signed an agreement with the Chinese group Sungain.
During the state visit of French Republic President François Hollande, invited by Chinese President Xi Jiping, Mr Antoine Baule, Lesaffre’s Chief Executive Officer, and Mr Lao Jian Ming, Chairman of Sungain Group, signed an agreement in The Great Hall of the People in Beijing.
The photo is from Chinanews.com：Mr Antoine Baule, Lesaffre’s Chief Executive Officer, and Mr Lao Jian Ming, Chairman of Sungain Group, signed an agreement
Lesaffre is a global key player in the field of yeast and fermentation, with 162 years of history and the most advanced technology in yeast industry. Sungain group is mainly engaged in cane sugar production and related industries. Sungain Yeast and Sungain Yeast Extract, subsidiaries of Sungain Group, are the rising stars in the Chinese yeast and yeast extract industry. Consistently with their development strategy, Lesaffre and Sungain Group signed an agreement to share resources, leverage on their synergies, and establish a win-win collaboration. Lesaffre acquired the majority shareholding of Sungain Yeast and Sungain Yeast Extract by capital increase.
Sungain Yeast and Sungain Yeast Extract are based in Chongzuo, 150km south west of Nanning, the capital city of Guangxi province. Chongzuo is known as the sugar city in China, the most important base for sugar cane production, with exceptional agronomic advantages and access to raw materials. Sungain Group is one of top 8 sugar producers in Guangxi, and is known in PRC for the quality of its industrial units, its concept of circular economy for sugar industry “Resource Saving, Environment Friendly” and its leadership. Sungain Yeast is widely recognized in the market and clients by the operational philosophy of “Customer Respect, Constant Improvement”, and has become the biggest domestic private yeast company in China.
One of Lesaffre’s core commitments is to run a business respectful of the planet and humankind, while still remaining economically profitable. Lesaffre has been present on the Chinese market since the 1980’s with its premium brand Saf-Instant. In 1999, the group acquired a yeast plant in Ming Guang, 300 km west of Shanghai. In 2006, Lesaffre established 2 joint-ventures companies with Donta Group to build Guangxi Danbaoli Yeast Co., Ltd. and Guangxi Yi Pin Xian Biotechnology Co., Ltd factories in Laibin, Guangxi. Lesaffre relies on its 4 Baking Center™ in Shanghai, Hong-Kong, Beijing and GuangZhou to develop applications and provide technical support to its customers in mantou and bread making, a culinary center in Shanghai to develop food savory applications, and multiple cooperation’s in China in the field of animal care and biotechnologies. It employs 950 people in China.
Through deep collaboration and integration between Lesaffre and Sungain Group, both companies give full play to their synergies in raw materials, technology, sales channels and team work to achieve a breakthrough in the fields of baking, food savory and pleasure, animal nutrition and health and nutriments for biotechnologies. In order to develop yeast and yeast extract industry and to provide products and services in higher quality, both parties create a mutually beneficial and win-win development community.
From right to left: Mr Antoine Baule, Lesaffre’s Chief Executive Officer, Mr Lao Jian Ming, Chairman of Sungain Group, Ms Diao Xiao, Vice President of Sungain Group, Mr Jean de Lataillade, Lesaffre Greater China CEO photographed in The Great Hall of the People in Beijing
Antoine Baule, Lesaffre’s Chief Executive Officer: “China is a promising market in the fields in which we operate. Lesaffre welcomes this new operation, which will enable us to strengthen our position in this country, where we have been present for many years and where we want to work on long term. Sungain Group operates modern sugar processing plants with outstanding access to raw materials and production size, obvious development potential and significant synergies with yeast and yeast extract production. We have decided to invest in a significant way in the development of Sungain, as much on sales as on operations planning, to answer to the increasing market demand, especially in yeast for mantou, animal nutrition and biotechnologies. With our investments in China, we are establishing our will to be close to our customers, to offer them our products and services and fulfill their specific requirements.”
Lao Jian Ming, Chairman of Guangxi Sungain Sugar: “We are very pleased to join forces with Lesaffre, a global yeast and yeast extract company recognized internationally for its industrial expertise and the quality of its services and products. The collaboration between Sungain Group and Lesaffre is based on the strong combination and advantages complementation. I believe that through the cooperation with Lesaffre, Sungain Yeast and Yeast extract business will make a huge progress. We share with Lesaffre a common vision of development, and always put environment respect and health of final consumers in the first place. ”
Lesaffre was advised on legal aspects of this operation by the firm Linklaters and on the financial aspects of the transaction by PwC.
Guangxi Sungain Sugar was advised on legal aspects of this operation and on the financial aspects of the transaction by Yingke Law Firm.
As a global key player in yeasts and fermentation, Lesaffre designs, manufactures and markets innovative solutions for Baking, Food taste & pleasure, Health Care and Biotechnology.
Family group born in northern France in 1853, now a multi-national and a multicultural company, Lesaffre is committed to working with confidence to better nourish and protect the planet.
Working in close collaboration with its clients and partners, Lesaffre employs over 9,000 people in more than 70 subsidiaries based in about forty countries.
Lesaffre achieves a turnover of more than 1.7 billion euros (approximately12 billion RMB) including over 40% on emerging markets. More information : www.lesaffre.com
About Guangxi Sungain Group
Sungain Group was established on 29th of April, 2006 with the core business of sugar production and related industries. The Group owns huge sugar cane planting bases and modern sugar processing bases at Chongzuo city and Qinzhou city of Guangxi province. Sungain Group is one of top 10 sugar production companies in Guangxi with over 2.1 million tons/year of current total sugar cane consumption and 300,000 tons/year of sugar production capacity. The group is a private shareholding group integrated with agriculture, industry, commerce and trading with multi-region, multi-industry and diversification, which currently has 8 subsidiaries. The group is dedicated to be a company with the philosophy of “Resource saving, environment friendly”. Sungain Group employs 3,000 people and owns over 3 billion RMB of assets. More information: www.gxxgty.com
Lesaffre in France :
Ms. Vanessa VAZZAZ – Press Relations
Tel: +33 3 28 52 07 42 / +33 6 34 32 24 23
Lesaffre in China :
Ms. Jo Yu
Tel: +86 21 6115 2788
Guangxi Sungain Group :
Ms Diao Xiao
Tel: +86 0771-5517888