May 4, 2005
Lännen Tehtaat and Raisio to establish a feed joint venture in Russia
Suomen Rehu, a part of Lännen Tehtaat Group, is engaged in export of industrial feeds and premixes to Russia. Lännen Tehtaat aims to strengthen its position in Russian feed business.
Lännen Tehtaat and Raisio will establish a 50/50 owned joint venture, which will be in charge of commencing farm feed production in north-west Russia either through building up own production capacity or through an acquisition
The industrial feed market of north-west Russia is approximately of same size as the Finnish feed market. Combining the wide know-how of Lännen Tehtaat and Raisio in Russia creates good business opportunities in the growing feed markets of Northwest Russia. In these markets, the joint venture aims for a significant market share in the next five years.
Final closing of the deal is subject to the clearance by merger control authorities in Finland and in Russia.
Erkki Lepistö, CEO,
+358 10 402 00
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