November 20, 2019
The daily brief: 20 November 2019
Fazer's strategic investment into its oat mills will make it the Nordic leader in oats and a leading player in Northern Europe.
All the daily Finnish business news that works: Finnair and Fazer make headlines.
Finnair increases flights to Japan and Fazer invests 30 million euros in its oat milling business.
Finnish airline Finnair is extending its new winter season route between Helsinki, Finland, and Sapporo, Japan, to a year-round twice-weekly service. On 15 December, Finnair will start the flights to Sapporo, which is the capital of the northern Japanese island of Hokkaido, a popular winter and skiing destination known for its seafood and ramen, and hot springs. Finnair now flies to five destinations in Japan and is the leading European airline flying to the country.
Finnish food company Fazer is injecting 30 million euros into its oats mills in Lahti, Finland, and Lidköping, Sweden, to meet rapidly growing global demand. The investment will be equally divided between the two sites, where two new mills will be constructed to double Fazer’s oat milling capacity. Earlier this year, the Finnish company announced a significant investment in a xylitol production facility next to the Lahti mill that will produce xylitol from oat hulls. Fazer’s strategic goal is to become the leading plant-based player in Northern Europe.
Rob Örthén/Super Otus
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