Raisio to invest €45m in plant-based products
13 Jun 2019Raisio is investing an estimated €45 million in a production facility developing and manufacturing plant-based added value products.
With the investment, Raisio says it is responding to the strong growth in demand for plant-based food, particularly in the European markets, and that it strengthens Raisio’s position as a specialist in plant-based food and supports growth in line with the company’s strategy.
Raisio’s President and CEO Pekka Kuusniemi said: “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. 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. It will, the company says, increase Raisio’s production agility and the company’s own production capacity. The plant can be expanded and modified as necessary. In the new production facility, Raisio’s focus will be on added value products in which oats and a wide variety of plant-based raw materials can be used. The investment also enables eco-friendly packagingin line with Raisio's responsibility programme. At full capacity, the factory will employ 30 to 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 during 2021.