Valio will close business operation in Russia
“We strictly condemn Russia’s attack on independent Ukraine. Ethically, Valio cannot continue operations in Russia; therefore, we are ending business operation in Russia,” says Valio’s CEO Annikka Hurme.Valio has one processed cheese factory near Moscow, contract manufacturing partners and sales offices in St. Petersburg and in Moscow. Valio employs approximately 400 people in Russia. Annual sales of Valio in Russia have been approximately 85 million euros. Valio’s subsidiary in Russia is 100% Finnish-owned by Valio.
The exit process will start immediately. The decision to end the