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Plant-based firm V2food has announced that it plans to close its manufacturing facility in Wodonga Australia, with production transitioning to other facilities over the course of the year.
According to an article in Grain Central, the company originally established the plant in 2020 to manufacture the soya isolates on which V2food’s products are based, but had been hampered by Australia’s limited processing infrastructure for soya beans.
Commenting on the move, V2food director Phil Morle said: “We’re still continuing to do the R&D work on different protein sources, different ways of processing those proteins, which I think will open up other opportunities back down to primary production”.
The company, which is a partnership between Main Sequence Ventures and Jack Cowin’s Competitive Foods Australia, produces plant-based meat alternatives that are retailed throughout Australia in major supermarkets. It also manufactures patties for Hungry Jack’s Rebel Whopper.
Source: Grain Central
