Avena Nordic Grain to expand its vegetable oil packaging plant at Kirkkonummi
Apetit Plc, Stock Exchange Release, 5 May 2015 at 8:35 a.m.
Avena Nordic Grain Oy, part of the Apetit Group, is to invest EUR 1.3 million in the expansion of Mildola’s vegetable oil packaging plant in Kirkkonummi. The expansion will allow further growth in the sales of packaged vegetable oil products and will enable the range of these products to be broadened. The higher total capacity at the packaging plant will also improve the utilisation rate of both the production process and the oil milling plant, and thus the overall efficiency of operations.
Opened at Kirkkonummi in the second half of 2011, the vegetable oil packaging plant has exceeded the volume targets set for it and has resulted in considerable sales growth for packaged vegetable oil products and boosted the oil milling plant’s utilisation rate.
“Apetit has the potential to become a more important producer of packaged and bulk vegetable oil products in the Baltic region. Our aim is to develop new vegetable oil products with greater value added and, as Finland’s largest vegetable oil milling company, to develop the market for purely Finnish rapeseed oil,” says Apetit Plc’s CEO, Juha Vanhainen.
The construction work will begin in the second half of 2015, and inauguration of the expanded section of the packaging plant is scheduled for spring 2016.
APETIT PLC
Juha Vanhainen
CEO
Additional information:
Juha Vanhainen, CEO, Apetit Plc, tel. +358 10 402 00
Kaija Viljanen, Managing Director, Avena Nordic Grain Oy, tel. +358 10 402 02
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www.apetitgroup.fi
Delicious wellbeing. Apetit Plc is a Finnish food company whose mission is to offer delightfully satisfying flavours and service experiences. We are well known for our frozen vegetables and frozen ready meals, fresh fish and fish products, ready-to-use fresh fruit and vegetable products and grains and vegetable oils. The Group’s shares are quoted in Nasdaq Helsinki. In 2014 our net sales was EUR 385 million and our average number of personnel was 723. www.apetitgroup.fi
Avena Nordic Grain Oy is Finland’s leading trader in grains, oilseeds and animal feedstuffs, and is a manufacturer and supplier of vegetable oils and expeller. Avena’s main market is the European Union, but it also trades in many other markets. Avena is especially active in its home market, Finland. The company’s principal location is Espoo, but it also operates in other parts of Finland: Vaasa, Pori, Salo, Kirkkonummi, Loimaa, Hämeenlinna, Kouvola and Porvoo. Its oil milling plant, Mildola Oy, is located in Kirkkonummi.
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