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Valio is the biggest dairy business in Finland and a major player in the international dairy ingredients market. Wellbeing is at the heart of Valio’s innovations and products that are made from clean Finnish milk and other ingredients. Valio’s product development follows in the footsteps of Nobel Prize winner A. I. Virtanen. Valio is owned by dairy cooperatives. Valio has net sales of EUR 1.9 billion and its products are found in some 60 countries. Valio has subsidiaries in China, Sweden, the Baltics and the USA.

Data point of the week

964bn USD

Exports from the PRC to BRI countries in the first half of 2023, exceeding PRC exports to the US, Europe or Japan for the first time. (Bloomberg, Silk Road Briefing)