SunOpta Completes $26 Million Expansion at Modesto Facility
Slice of Manufacturing Team
Jul 06, 2024
Key Highlights:
- $26 million expansion completed at Modesto, Calif. facility.
- Increased oatmilk production by more than 60%.
- 17 new jobs created, raising total Modesto employment to 208.
- 800,000 freight miles reduction in annual network.
- Estimated plant-based milk market growth to over $45 billion by 2034.
Source (Business Wire)
Quotes
“ “Through this significant investment in Modesto to produce more oatbase, we’re well positioned to meet the increasing market demand for plant-based milk and other oat-based products.” ”
Brian Kocher, CEO at SunOpta
Our Take:
SunOpta’s $26 million investment in its Modesto facility marks a significant milestone in the company's commitment to sustainable, plant-based beverage production. By expanding its production capacity by over 60%, SunOpta is strategically positioning itself to meet the growing consumer demand for oatmilk and other oat-based products. This expansion not only underscores SunOpta’s leadership in the plant-based beverage sector but also highlights its dedication to environmental sustainability and community engagement, evidenced by the significant reduction in freight miles and the creation of new local jobs. As the plant-based milk market is projected to grow substantially, SunOpta's forward-thinking investments and strategic location network set the stage for continued growth and market leadership.
