SunOpta Invests $26M To Expand California Plant-Based Beverage Processing Facility
Portfolio Pulse from Benzinga Newsdesk
SunOpta (NASDAQ:STKL) has completed a $26 million expansion at its Modesto, California facility, significantly increasing its oatmilk production capacity by over 60%. This expansion is the second largest capital project in the company's history, aimed at meeting growing customer demand for plant-based beverages.
June 26, 2024 | 12:04 pm
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SunOpta has completed a $26 million expansion at its Modesto facility, increasing oatmilk production capacity by over 60%. This move is expected to meet growing customer demand and demonstrates the company's commitment to plant-based beverages.
The significant investment in expanding production capacity indicates strong demand for SunOpta's plant-based beverages, particularly oatmilk. This is likely to positively impact revenues and market position in the short term.
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