South Korea-Based Pulmuone Expands Fullerton, California, Plant
12/15/2021
According to company officials, the expansion will help meet accelerated demand as the total U.S. tofu market size has increased from $91 million in 2018 to an expected $182 million in 20221 and one in four Americans say they are eating more protein from plant sources than a year ago.
"The pandemic accelerated what was already unprecedented demand for our tofu products. Across our tofu portfolio sales rose 17% from January-December 2020 to January-December 2021," said Elliot Chung, Director of Plant-Based Protein Innovation at Pulmuone USA.
Near-term, Pulmuone said it expects this additional capacity will help drive 20% sales growth in 2022. The expansion will also offer Pulmuone the opportunity to continue to grow beyond current capacity with the expectation that production will grow by 50% by 2025.
"Americans are eating less meat for their own health and that of the planet, but they don't want to sacrifice flavor or performance in the kitchen. We've been able to showcase that tofu is a versatile, high-protein product with only a few simple ingredients that's also relatively affordable. It hits on all the key attributes today's consumer is looking for at the grocery store," he added.
Founded in South Korea as a small organic produce store in 1981, Pulmuone noted it was the first company to sell packaged tofu products in Korea. Today, it is one of the largest healthy food manufacturers in Asia and has introduced its rich tofu tradition here in America through brands including Nasoya, the country's leading brand of tofu, Wildwood, Azumaya, Pulmuone, Sansui and Soga.
"The completion of the facility expansion gives us the ability to grow in a cost-effective, timely manner consistent with our long-term vision. With this capacity increase, we expect that it will help us to drive sales growth and provide more room to enter new North American markets including Canada," continued Chung.
Project Announcements
JDSAT Expands Fairfax County, Virginia, Operations
04/25/2024
Trussworks Mid-America Plans Jackson, Missouri, Manufacturing Operations
04/25/2024
Epic Flight Academy Establishes Hebron, Kentucky, Operations
04/25/2024
EPC-Columbia Expands Lebanon, Kentucky, Plastic Injection Molding Operations
04/25/2024
Daisy Brand Plans Boone, Iowa, Production Operations
04/22/2024
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024