Singapore state investor Temasek is weighing on opening more factories in Southeast Asia to produce plant-based food after it launched its first in the city-state through its joint venture Cremer Sustainable Foods on Wednesday.
Thailand, Vietnam, Malaysia and Indonesia are potential markets in the 10-member Association of Southeast Asian Nations where it could set up new factories as demand for meat substitutes grows in the region, said Mathys Boeren, CEO of Temasek’s wholly-owned Asia Sustainable Foods Platform, at the opening of the Singapore plant.