New $30 Million Vegan Factory to Bring Oatly to Asia
Shares Swedish vegan brand Oatly has partnered with Singaporean beverage company Yeo Hiap Seng to bring Oatly’s oat milk products to Asia. The two companies will jointly invest $30 million to build a manufacturing facility in Singapore managed by Yeo to produce Oatly products destined for markets across Asia. Production is expected to begin later this year. The partnership complements Yeo’s leading position in the region’s soy milk market and will help drive growth in the overall plant-based milk segment. “This strategic partnership positions both companies to tap the surging demand...