date:Feb 28, 2022
s part of this financing, Proterra Asia will gain an equity interest in a Chinese soy sauce JV owned by the Chuang family and Yihai-Kerry Arawana, Chinas largest edible oils brand.
This JV was formed in 2015 and is already producing and marketing its premium soy sauce products in China. Over the coming years, its ambition is to scale capacity significantly.
China is notably the worlds largest market for soy sauce. Over the next decade, Proterra Asia forecasts that premium soy sauces will gain