Veg of Lund receives clearance from national import authorities for the start of DUG potato drink sales in the Japanese market
Veg of Lund has over the last 6 months, in partnership with a distributor partner, submitted all relevant documentation and samples to gain commercial clearance for the start of sales of all three DUG potatodrink versions, Barista, Original and Unsweetened. Approval and clearance have now been issued.
”Japan is a key market in our strategy of commercializing the Asian market. The category of plant based milk have shown some of the most positive growth rates globally the last few years and is on its way to become a top ten market. Receiving clearance from the Japanese authorities is also a stamp of quality approval given the extensive process and will be positive in other Asian commercial discussions. We aim to launch in the Japanese market during Q3”, says Fredrik Carling, CEO of Veg of Lund.
For more information, please contact:
Veg of Lund AB
Fredrik Carling, CEO
Telephone: +46 703 121 942
E-mail: fredrik.carling@vegoflund.se
About Veg of Lund AB (publ)
Veg of Lund AB (publ) develops, markets and sells plant-based foods that meet consumer demands for taste and sustainability. Veg of Lund has its roots in research at Lund University and the company’s business concept is to use its knowledge, patented methods and innovative solutions to develop and sell tasty, climate-smart and locally produced products based on potatoes. Veg of Lund offers alternatives to dairy products (milk drinks) and snacks (smoothies) and also develops meat alternatives. The company’s products are sold under the DUG brand to consumers, restaurants and food companies in Sweden, Switzerland, Denmark, England and Ireland. The company has the ambition to expand mainly in Europe and Asia. The share is listed on Nasdaq First North and trades under the name VOLAB. Read more at ir.vegoflund.se. Mangold Fondkommission AB is the company’s Certified Adviser and can be contacted by phone: +46 8 5030 15 50 or e-mail: ca@mangold.se.
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