Finnish food company Raisio is investing €45 million in a production facility developing and manufacturing plant-based added value products.
Raisio said the investment is in response to glowing consumer demand for plant-based food, especially in European markets.
“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,” said Raisio’s President and CEO Pekka Kuusniemi.
“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. At full capacity, the factory will employ 30 to 35 people.
The first products made in the new factory are expected to available in stores during 2021.