Business
SunOpta Announces New Organic Soy Milk Production
SunOpta Announces New Organic Soy Milk Production.
About this update from Sunopta Inc.
[{"type":"text","content":"\n\n\n\n\nTORONTO, August 23 /CNW/ - SunOpta Inc. (SunOpta or the Company)\n(Nasdaq:STKL)(TSX:SOY) today announced that it has commenced production of a\nnew aseptically packaged organic soy milk product for a major U.S. retailer.\nThis product will be produced as part of a previously announced global\ncontract and is expected to add an incremental $20 million in revenue over the\nnext three years, bringing the total contract value to $80 million over that\nperiod.\nProduction of this organic soy milk product involves the full services of\nthe SunOpta vertically integrated business model from sale of soy seed to\nprocessing the bean, to manufacturing soy liquid concentrate, to aseptically\npackaging the final product.\nProduction of organic aseptic beverages at SunOpta's aseptic packaging\noperations continues to grow as plant capacities are expanded with production\nvolumes now at record levels.\n\nAbout SunOpta Inc.\n\nSunOpta Inc. is an operator of high-growth ethical businesses, focusing\non integrated business models in the natural and organic food markets. The\nCompany has three business units: the SunOpta Food Group, which specializes in\nsourcing, processing and distribution of natural and organic food products\nintegrated from seed through packaged products; the Opta Minerals Group, a\nproducer, distributor, and recycler of environmentally friendly industrial\nmaterials; and the SunOpta BioProcess Group which engineers and markets\nproprietary steam explosion technology systems for the pulp, bio-fuel and food\nprocessing industries. Each of these business units has proprietary products\nand services that give it a solid competitive advantage in its sector.\n\nForward-Looking Statements\n\nCertain statements included in this press release may constitute\n\"forward-looking statements\" within the meaning of the United States Private\nSecurities Litigation Reform Act of 1995. These forward-looking statements\ninclude, but are not limited to references to business strategies, competitive\nstrengths, goals, capital expenditure plans, business and operational growth\nplans and references to the future growth of the business. These forward\nlooking statements are based on certain assumptions and analyses made by the\nCompany in light of its experience and its interpretation of current\nconditions, historical trends and expecte...