Nordic Investment Bank funds dairy and nutrition science research in Finland
Nordic Investment Bank (NIB) and Valio have entered into a 7-year loan agreement totalling €40m to fund the Finnish dairy’s research programme in 2016–2020.
Valio’s R&D programme aims to develop new products to expand the company’s offering and to improve consumer insights over the next four years.
The company’s R&D activities have increased during the past decade, which is reflected in the advancement of dairy science and a nutritional expertise that is expected to benefit milk producers, food manufacturers and consumers.
A large number of Valio’s ongoing research projects focus on the development of new nutritionally advanced and health-enhancing food products.
NIB lending head Thomas Wrangdahl said: “The R&D programme will allow Valio to maintain its competitiveness by expanding its product range. In addition to this, the company’s participation in agricultural research projects will help to promote more sustainable methods of dairy farming in Finland.”
Valio is Finland’s largest dairy company and sells products in 60 countries. The company is owned by 17 dairy cooperatives and operates one of the largest private research laboratories in the country. Valio is headquartered in Helsinki.
Source: Company Press Release