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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 in this region for plant-based dairy. Yeo’s has a long history of product innovation, and we are already a key player in the dairy alternative segment via our soy portfolio,” Yeo’s Group CEO Samuel Koh told media outlet FoodIngredientsFirst. “We believe that this segment will continue to grow exponentially as consumers become more aware of the impact of their food and…

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