Wednesday, September 22, 2021

Oatly to expand Utah facility as Americas demand rises

Oatly, the Swedish oat drink firebrand, is increasing its oat base capacity at its Ogden, Utah facility in the Americas region to support an acceleration in consumer demand.

The company will start construction to add 75 million litres of finished goods equivalent oat base capacity with an investment between $350 million and $400 million.

Total production will increase from an estimated 150 million litres annually at full production to an estimated 225 million litres annually to support the Company’s growth in 2022 and beyond.

This will increase the company’s total estimated capacity by the end of 2022 from 1,000 million to 1,075 million litres and from 1,400 million to 1,475 million liters of finished goods equivalent oat base capacity by the end of 2023.

The Company expects its EMEA manufacturing combined with its two facilities in the Americas and two in Asia to create more than a 200% increase in its production output by the end of 2022 from the end of 2020.

“In March of 2021 we opened Oatly’s first-ever end-to-end self-manufacturing production facility in the Americas region and we’re excited that based on an acceleration in consumer demand in the region we are already increasing capacity with construction starting in the second half of this year,” said Oatly’s CEO Toni Petersson.

“We continue to generate strong growth in the U.S. and globally with our proven multi-channel expansion strategy in more than 20 markets, across multiple sales channels and segment.

“We believe the fundamentals of our business are stronger than ever as consumer demand continues to accelerate, and we are increasing production capacity globally to meet that growing demand. Oatly remains well-positioned for long-term global growth as we look to enhance value for all stakeholders.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.
















Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close