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Both companies are eyeing the Asian market's growing appetite for plant-based alternatives
Asian heritage brand Yeo Hiap Seng (Yeo’s) has come a long way from its humble origins as a soy sauce producer in the 1990s. Today, it is one of the leading players in the F&B industry with its bevvy of products spanning culinary sauces and pastes, canned curries, sparkling water as well as ready-to-drink teas.
Now, it has added vegan milk to its resume as the company recently announced that it has entered into a strategic partnership with Sweden’s plant-based milk brand Oatly to manufacture its popular drink in Singapore.
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It’s the first time Oatly will be produced outside the US and Europe, and both parties have invested US$30 million to upgrade the equipment and facilities at Yeo’s Senoko Way factory. The production of the dairy milk alternative will commence in the second half of the year to feed the Asian market’s growing appetite for plant-based alternative, with mainland China scheduled to receive the first shipment.
With the partnership, Yeo's also aims to establish a strong foothold in other Asian markets including Indochina, where it will be the official supplier of the plant-based milk.
Credits
Images: Oatly
Dudi Aureus is the senior dining and travel editor at Tatler Singapore, covering the city’s most exciting restaurants, global travel trends, and the personalities shaping the culinary and lifestyle scenes. She also serves as co-jury chair for the Tatler Best awards in Singapore, celebrating the very best in hospitality. When she’s off duty, she can often be found at a favourite hole-in-the-wall Thai spot, savouring a perfectly balanced pad thai.
