Viking Malt to Open New Production Facility

The group’s new malting house will have a capacity of 85,000 tn/yr when it becomes operational in 2023.

Powder Bulk Solids Staff

November 19, 2020

1 Min Read
Representative imageImage courtesy of Pixabay

European malt producer Viking Malt Group revealed plans Wednesday to open a new €90 million (around $106.6 million) malting house in Lahti, Finland. The company said the project is one of the biggest investments in the country’s food and beverage industry in the past decade.

Slated to commence operations in 2023, the facility will feature a production capacity of 85,000 tn/yr of malt. The company said the new site will allow it to manufacture a range of new products, as well as its current offerings. Products made at the site will be sold to global food, beverage, and brewing customers.

Viking Malt, the fifth biggest malt company in Europe, operates plants in Finland, Sweden, Denmark, Lithuania, and Poland. The facilities have a combined production capacity of 600,000 tn/yr.

The global market for malt ingredients is expected to grow at CAGR of 6% between 2020 and 2030, according to a recent forecast by Fact.MR. Authors of the report suggest that growth in the microbrewery industry will fuel the malt market’s expansion during the period.

About the Author(s)

Powder Bulk Solids Staff

Established in 1983, Powder & Bulk Solids (PBS) serves industries that process, handle, and package dry particulate matter, including the food, chemical, and pharmaceutical markets.

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