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.”