Apetit invests EUR 4.5 million in a new bottling line in the Kantvik vegetable oil milling plant
Apetit Plc, Stock Exchange Release, 11 October 2023 at 9:30 a.m.
Apetit invests EUR 4.5 million in a new bottling line in the Kantvik vegetable oil milling plant
Apetit is building a new bottling line for vegetable oil products in the premises of the Kantvik vegetable oil milling plant’s packing section. The value of the investment is approximately EUR 4.5 million. On the new line, vegetable oils can be bottled in plastic and glass bottles. It is estimated the new line will become operational during the second half of 2024.
“Investing in a new bottling line strongly follows our strategy of speeding up organic growth. Vegetable oils are an essential part of a healthy and balanced diet. The continued growing interest of consumers in well-being and the pursuit of healthy living ensure the demand for vegetable oils remains high. A new bottling line provides opportunities for the development of products with a higher degree of processing in vegetable oil products,” says Esa Mäki, CEO of Apetit.
Until now, vegetable oils sold for industrial use and the Food service sector have been packaged at the Apetit’s Kantvik vegetable oil milling plant.
“With the new bottling line, we take the supply chain more firmly in our own hands and will be able to develop our product selection diversely and make stronger use of the domestic origin as part of our products. We want to increase the sales of the domestic Apetit and Neito vegetable oils in retail sales”, says Timo Huttunen, Director, Oilseed Products business of Apetit Plc.
The construction work related to the investment will begin during the year 2023. The main suppliers for the new bottling line are Krones and Stora Enso.
Apetit Plc
For further information, please contact: Timo Huttunen, Director, Oilseed Products Business of Apetit Plc, firstname.lastname (a) apetit.fi
Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier and produce high-quality vegetable oils and rapeseed expellers for feeding stuff. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2022, Apetit Group's net sales were EUR 182 million.
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