Raisio, Finland, announced plans to invest an estimated EUR 45 million in a production facility to develop and manufacture plant-based, value-added products.
“This investment is the biggest one in organic growth for Raisio in decades, and one of the most robust in the Finnish food sector lately,” says Pekka Kuusniemi, president and CEO. “The development of the market for responsibly produced plant-based food is only beginning. Inspired by consumer insight, our special expertise and strong brands, we will develop new plant-based products."
The new production facility will be built in the company’s carbon-neutral industrial area in Raisio, and can be expanded and modified as necessary. The investment also enables eco-friendly packages in line with Raisio's responsibility program. At full capacity, the factory will employ 30-35 people, some of whom will work in product development. Raisio estimates that the first products made in the new factory will be available in stores in 2021.