November 11, 2019

The daily brief: 11 November 2019

Retailer Markku Hautala and his team from K-Citymarket Järvenpää were in London to accept the prestigious IGD Store of the Year award.

All the daily Finnish business news that works: Fazer, Kesko and Airport College International make headlines.

Airport College International teams up on aviation training, Fazer receives a 40 million-euro loan from the European Investment Bank (EIB), and Kesko’s K-Citymarket Järvenpää is recognised as the world’s best grocery store.

Airport College International teams up in Southeast Asia

Finnish company Airport College International has signed a memorandum of understanding (MOU) with BAGS Ground Service for collaboration in aviation training in Cambodia, Laos, Myanmar and Thailand. Airport College International offers online training services to airlines, airport ground handling agents and logistics, while BAGS provides ground handling services at 14 airports in Thailand and employs some 2 000 aviation professionals.

Facebook/Airport College International

Fazer secures EUR 40 million R&D loan from EIB

Finnish food industry company Fazer is to develop its research, development and innovation (RDI) activities in the coming years after receiving a 40 million-euro loan from the European Investment Bank (EIB). The financing will fund the construction of a new plant in Lahti, Finland, which will extract the sweetener xylitol from discarded oat hulls. The financing will also be used towards RDI activities related to Fazer’s bakery and confectionery products, biscuit and grain products, plant-based meals and non-dairy products, with a focus on developing new ingredients that improve quality and shelf life, as well as new wellbeing products.


K-Citymarket Järvenpää is IGD’s Store of the Year

Kesko’s K-Citymarket in the Finnish city of Järvenpää has been named Store of the Year 2019 at IGD’s annual awards gala in London, the UK. The Finnish shop was the only Nordic representative in the final, which also included Giant Heirloom (Philadelphia, US), Sainsbury’s (Selly Oak, UK), Sam’s Club Now (Dallas, US), Pão de Açúcar (São Paulo, Brazil), SuperValu (Clonakilty, Ireland) and Fooby (Lausanne, Switzerland). To map out the competition, IGD, a UK-based grocery trade research and training organisation, visits some 1 000 shops every year and compiles analysis reports.


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