Oatly expands presence in Asia with launch of new oat milk facility in Singapore

SINGAPORE – Swedish alternative dairy company Oatly has partnered with Asian food and beverage company Yeo Hiap Seng Limited (Yeo’s) to open a new oat milk facility in Singapore.  The facility, which started operations in July, is located at Yeo’s Senoko Way site in Singapore and is Oatly’s first production venture outside Europe and North America.   The site will produce Oatly’s oat milk for the Asian market and will support the brand’s growth in the region.   “Despite ongoing Covid-19 restrictions, we are thrilled that the production facility opened in July. Oatly is grateful…

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Oat milk giant Oatly to open third US production facility in Texas to meet surging demand

US – Oatly, the world’s largest producer of oat milk, has announced plans to open a new facility in Fort Worth, Texas in an effort to meet surging demand for oat milk.  The 280,000-square-foot state-of-the-art manufacturing center is expected to produce more than 150 million liters of milk annually once completed in 2023.  Oatly’s new factory is the third production facility for the company in North America, joining its facilities in Millville, NJ and Ogden, UT.  The Fort Worth Chamber of Commerce notes that the new facility will create more than 100 jobs once completed and will have the largest…

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Alternative protein companies Oatly, Benson Hill initiate plans to go public

US – Oatly and Benson Hill, two prominent alternative protein companies, have kickstarted the processes of going public in a bid to raise more equity to fund future growth prospects. Vegan milk firm Oatly said in a statement that it has commenced an initial public offering of 84,376,000 American Depositary Shares (ADSs), each representing one ordinary share offered by Oatly and certain selling shareholders. According to a report by Food Ingredients First, the company which is backed by high-profile investors including Oprah Winfrey, Jay Z, and Starbucks head Howard Schultz…

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7 food companies featured in Times 100 most influential companies

US – 7 food companies have been featured in TIME100 Most Influential Companies, a new list—and an expansion of Time Magazine’s iconic TIME100 franchise—that highlights businesses making an extraordinary impact around the world. In developing the list, TIME says it solicited nominations across sectors including health care, entertainment, transportation, technology and more from its global network of editors and correspondents, as well as from industry experts. The magazine then evaluated each one on key factors, including relevance, impact, innovation, leadership, ambition and success. Oatly, Beyon Meat, Tilray- food pioneers Oatly,…

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Oatly to build plant-based oat drinks factory in UK as Arla Foods proposes closure of creamery site

UK – Swedish vegan brand Oatly has unveiled plans for a new plant-based dairy manufacturing plant in Peterborough at a time when Arla Foods is contemplating closure of its Trevarrian Creamery in Cornwall. For Oatly, the facility which is expected to be completed in early 2023 and create over 200 jobs would be its first in the United Kingdom. The company has partnered with food and drink capital investment firm Integrated Food Projects to build its new facility. The facility,accordin to the Swedish company, will be able to produce 300…

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