Raisio invests €45m in new facility
Food company Raisio is investing €45 million in its production facility to develop and manufacture plant-based added value products. The investment is in response to the strong growth in demand for plant-based food, particularly in the European markets.
Raisio’s president and CEO Pekka Kuusniemi said: “This investment is the biggest 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.”
Finland-based Raisio is an international brand house focusing on healthy food products such as cholesterol-lowering Benecol brand. In addition, the company will establish a European business based on the company’s strong oat expertise and plant-based food.
The new production facility will be built in the company’s carbon-neutral industrial area in Raisio. It will increase the company’s production capacity and agility. 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 packages in line with Raisio’s responsibility programme. At full capacity, the factory will employ 30 to 35 people, some of whom will work in the product development. Raisio estimates that the first products made in the new factory are available in stores during 2021.