SunOpta (STKL) has released an update.
SunOpta, a trailblazer in sustainable food manufacturing, has completed a $26 million expansion of its Modesto, California plant-based beverage facility, marking the company’s second largest capital project. This expansion bolsters its oatmilk production by over 60% to meet rising consumer demand, while also generating 17 new local jobs. The project is part of SunOpta’s strategic growth in the shelf-stable plant-based milk sector, which is projected to see significant market growth in the coming decade.
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