Oatly

2024 - 12 - 18

Oatly Bids Farewell to Singapore: The Oats are Headed Back to Europe!

oatly singapore Food & Beverage Industry - Oat Milk - Oatly - Singapore Economy - Yeo Hiap Seng - oatly singapore

Oatly shuts down its Singapore facility affecting 59 employees! The oats are taking a plane back to Europe for better days!

Swedish oat milk giant Oatly has made the difficult decision to close its manufacturing facility in Singapore, a partnership with local beverage company Yeo Hiap Seng costing S$30 million. The closure directly impacts 34 local employees, while Yeo’s will be laying off 25 workers from its team, as they pivot to accommodate Oatly's shift in strategy. With the oat drink market thriving, Oatly is retracing its steps and consolidating production in its European facilities, directing resources towards efficiency rather than spreading itself thin across the globe.

The Senoko Way plant in Singapore was originally opened amid much fanfare, promising to deliver creamy oat goodness to consumers across Asia Pacific. However, the company is now aiming to streamline its operations amidst a challenging global market, hoping to cut costs and improve profitability as it broadens its financial horizons. The decision also reflects a trend in food and beverage companies as they navigate the complexities of supply chains while seeking to capture growing consumer demand.

It's not all bad news, as the closure indicates Oatly’s commitment to growth in the Asia Pacific region, albeit from a distance. The existing manufacturing facilities in Europe are gearing up to ensure that Singapore and the surrounding countries still gain access to their delicious oat beverages. The decisions made might feel like an oat-ocalypse to some milk lovers in Singapore, but Oatly promises to maintain strong distribution channels in the region, ensuring that consumers can still enjoy their favorite oat milk without an extra detour.

In looking on the bright side, this shift could also mean Oatly’s products will be more consistently available across the region, as the company ramps up efficiency and reduces production hiccups. Fun fact: Did you know that Oatly was the first brand to introduce oat milk to the world back in the 1990s? And it has since become a staple for those seeking dairy alternatives! Not only does Oatly focus on making sustainable dairy alternatives, but they also encourage amazing sustainability practices such as using renewable energy to power their European plants!

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Image courtesy of "The Straits Times"

Swedish oat milk producer Oatly to shut down its Singapore facility (The Straits Times)

The Asia-Pacific region will be served instead by its facilities in Europe. Read more at straitstimes.com.

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Image courtesy of "CNA"

Oatly to close its Singapore plant, 34 employees affected (CNA)

Oatly was in a partnership with Singapore food and beverage company Yeo's to produce its oat milk. The S$30 million (US$22 million) production plant opened in ...

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Image courtesy of "The Business Times"

Oatly to shut S$30 million plant jointly invested with Yeo Hiap Seng (The Business Times)

SWEDISH drink manufacturer Oatly will be shutting its Singapore plant – jointly invested with local food and beverage company Yeo Hiap Seng for S$30 million ...

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Image courtesy of "GlobeNewswire"

Oatly Announces Further Progress on its Asset-Light Supply Chain ... (GlobeNewswire)

MALMÖ, Sweden, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY) (“Oatly” or the “Company”), the world's original and largest oat...

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Image courtesy of "The Online Citizen SG"

Oatly announces closure of Singapore facility to align with global ... (The Online Citizen SG)

Oatly Group AB (Nasdaq: OTLY), the Swedish oat drink giant, announced on 18 December 2024 the closure of its Singapore manufacturing facility.

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Image courtesy of "Mothership.sg"

Oatly to close S'pore facility, 34 employees affected (Mothership.sg)

Swedish oat milk brand Oatly will be closing down its manufacturing facility in Singapore, located at Senoko Way. The closure is expected to improve the ...

Oatly to close Singapore facility as cost cuts continue (just-food.com)

Oatly plans to close its Singapore facility as part of a strategy to reduce costs and take the oat-drinks business into profitability.

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Image courtesy of "World Coffee Portal"

Oatly closes Singapore facility amid supply chain efficiency drive (World Coffee Portal)

The Swedish oatmilk manufacturer continues to focus on streamlining global production and generating cost savings, with its Asia Pacific business now ...

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Image courtesy of "Food Engineering Magazine"

Oatly Closes Singapore Facility (Food Engineering Magazine)

Following the closure of the facility, expected growth in the Asia-Pacific region will be supported by Oatly's existing facilities in Europe.

Yeo Hiap Seng lays off 25 employees as Oatly shuts its Singapore ... (The Business Times)

YEO Hiap Seng will be laying off 25 employees as a result of Oatly's decision to cease its manufacturing operations in Singapore.

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Image courtesy of "The Straits Times"

59 workers, including 25 from Yeo's, to be laid off due to Oatly Singapore plant closure (The Straits Times)

SINGAPORE – Beverage giant Yeo Hiap Seng will lay off 25 out of 41 employees who are directly involved in the manufacturing operations of Swedish oat milk producer Oatly. The Straits Times understands that these 25 employees are in addition to the 34 ...

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Image courtesy of "GlobeNewswire"

Oatly Announces Further Progress on its Asset-Light Supply Chain Strategy (GlobeNewswire)

18, 2024 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY) (“Oatly” or the “Company”), the world's original and largest oat drink company, today announced the closure of its Singapore facility in the Europe & International segment. This action aligns with ...

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Image courtesy of "The Edge Singapore"

Yeo Hiap Seng to receive compensation of $32 million after Oatly ... (The Edge Singapore)

As a result, YHS will stop production of oat milk and will lay off 25 employees. However, YHS will continue to distribute Oatly products in Singapore and ...

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Image courtesy of "The Straits Times"

59 workers, including 25 from Yeo's, to be laid off due to Oatly ... (The Straits Times)

SINGAPORE – Beverage giant Yeo Hiap Seng will lay off 25 out of 41 employees who are directly involved in the manufacturing operations of Swedish oat milk ...

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Image courtesy of "AsiaOne"

Oatly shuts down Singapore plant: 59 employees to be laid off ... (AsiaOne)

Local beverage manufacturer Yeo Hiap Seng — better known as Yeo's — announced plans to lay off 25 employees as Oatly shuts down its Singapore facility.

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Image courtesy of "MARKETECH APAC"

Oatly to relocate APAC operations in Europe as it shutters SG ... (MARKETECH APAC)

It is also worth noting that the closure will affect 34 local employees and is part of the company's broader efforts to streamline operations and improve ...

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Image courtesy of "Vulcan Post"

Oatly shuts down Singapore plant, 59 workers including 25 from ... (Vulcan Post)

Oatly Singapore is closing its local manufacturing facility, which will impact a total of 59 workers, including Yeo Hiap Seng employees.

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Image courtesy of "Food Business News"

Oatly closes Singapore facility (Food Business News)

Existing facilities in Europe will support expected growth in the Asia-Pacific region, according to the Malmö-based oat drink company. As part of closing the ...

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Image courtesy of "Yahoo Singapore News"

Oatly to close Singapore plant, 34 employees affected; FAS to offer ... (Yahoo Singapore News)

Yahoo Singapore is featuring a curated selection of some of the biggest, most important, and fascinating news that's making waves online.

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Image courtesy of "Singapore Business Review"

Yeo's to lay off 25 employees as Oatly ends Singapore operations (Singapore Business Review)

Yeo Hiap Seng (Yeo's) announced that 25 of its 41 employees directly involved in Oatly's manufacturing operation will be laid off.

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