Beyond Meat Stock (BYND): Details About European Expansion

By Amit Chowdhry ● June 12, 2020
  • Plant-based meats company Beyond Meat Inc (NASDAQ: BYND) recently announced it is opening up new facilities in Europe as part of a global expansion plan

Plant-based meats company Beyond Meat Inc (NASDAQ: BYND) recently announced it is opening up new facilities in Europe as part of a global expansion plan. The first co-manufacturing plant in Europe will be a Zandbergen facility in Zoeterwoude, the Netherlands.

The Zandbergen-owned facility is going to produce the Beyond Burger and Beyond Sausage. And this deal is expected to help Beyond Meat drive efficient distribution of its product across Europe, the Middle East, and Asia.

And Beyond Meat also recently announced its first own manufacturing facility in Europe in Enschede, the Netherlands. This is Beyond Meat’s first owned facility outside of Missouri. This new facility is expected to be operational by the end of 2020 and it will allow for end-to-end manufacturing across Europe.

Key Quotes:

“This latest investment in production capacity reflects our continued commitment to serving global markets. Our new facility in Enschede will not only bring production closer to the consumer, representing an investment in the markets and communities we serve, but is expected to allow us to leverage local supply chains, improving our cost structure and sustainability of operations. We are excited to take this next step in bringing the nutritional and environmental benefits of our plant-based meats to the European consumer.”

– Ethan Brown, Founder and CEO of Beyond Meat

“As the demand for plant-based protein and particularly Beyond Meat products grows in Europe and the Middle East, the official opening of this co-manufacturing facility in Zoeterwoude, the Netherlands is timely.”

– Adriaan Figee, Chief Commercial Officer of Zandbergen World’s Finest Meat