Thursday, 17 June 2021

Oatly, Yeo Hiap Seng to invest S$30 M to produce oat drink in Singapore

04 June 2021 | News

Jointly they will produce the vegan milk producer’s popular oat drink in Singapore

Image Source : yeos.com

Image Source : yeos.com

SWEDEN’S Oatly and Singapore’s food and beverage (F&B) manufacturer Yeo Hiap Seng (Yeo’s) will jointly invest S$30 million in equipment and facility to produce the vegan milk producer’s popular oat drink in Singapore, in what is seen as a coup for the Singapore heritage brand and the nation as a high-tech manufacturing hub.

Oatly is the world’s original and largest oat drink company.

Yeo’s brand has become synonymous with a broad and diverse range of delicious and satisfying food & beverage products A leading name in the Asian drinks market, Yeo’s has broadened its customer reach and entrenched its industry presence through a combination of geographical expansion and product diversification.

On the beverage business front, Yeo’s competitive advantage lies in the Group’s ability to stay true and current to consumers’ changing palettes and individual preferences based on lifestyle and cultural differences.

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