Oatly to open oatmilk plant in Texas in 2023, its third US production facility

The site – which will produce an estimated 150 million liters of oatmilk annually and will have the largest footprint of the Swedish company’s three North American facilities – will join plants in Millville, New Jersey; and Ogden, Utah.

Additional sites in Singapore, China, and the UK, are also planned, said Oatly, which posted a net loss of $60m in 2020 on sales up 106.5% year-on-year to $421.4m, reflecting its continued investment as it ramps up production and aggressively expands into new markets, 

Four years after entering the US market, ​Oatly products can now be found in >7,500 retail shops and 10,000 coffee shops in the United States (where it generated revenues of $100m in 2020), and more than 32,000 coffee shops and 60,000 stores across the world (as of Dec. 31, 2020).

In the Chinese market – which it entered in 2018 via the specialty coffee and tea channel – Oatly has been able to scale rapidly via an e-commerce partnership with Alibaba and an exclusive partnership with Starbucks in 4,700+ stores, said the company, which was recently targeted by activist investor​ Spruce Point Capital Management in a 124-report​ alleging that it omitted and manipulated facts in its prospectus​​​ and in a recent investor presentation​​​ and “will never achieve profitability​​,” allegations the firm has strenuously denied.

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