Oatly Group Shuts Down Singapore Manufacturing Site

MT Newswires Live

2024/12/18

Oatly Group (OTLY) said Wednesday it has shut down its Singapore production site, which was part of its Europe & International segment.

The closure is expected to enhance the company's future cost structure and lower capital expense requirements, Oatly added.

The oat drink company anticipates non-cash impairment charges of roughly $20 million to $25 million in Q4, it said, adding that restructuring and other exit expenses will result in $25 million to $30 million of net cash outflows through 2027.

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International segment.</p><p>The closure is expected to enhance the company's future cost structure and lower capital expense requirements, Oatly added.</p><p>The oat drink company anticipates non-cash impairment charges of roughly $20 million to $25 million in Q4, it said, adding that restructuring and other exit expenses will result in $25 million to $30 million of net cash outflows through 2027.</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4548","symbol_name":"巴美列捷福持倉","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2492590144","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492590144","pubTimestamp":1734521070,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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