Extract A Finnish dairy business Valio is feeding the future Valio is a dairy and food business based in Finland. It has been producing milk since 1905, when it was founded by a small group of family-owned Finnish dairy farms. Today, Valio produces a wide range of food and dairy products. It is Finland's biggest food exporter, selling products in 60 countries around the world including the EU, the US and China. The business employs about 4,200 people in its factories and laboratories. Indirectly, it employs thousands more people at farms and small enterprises related to agriculture and food. In 2021, Valio's revenue was €1.92bn, 40\% of which came from exports. Valio recognises that if it wants to continue to grow it will need to export more. One reason is that the 5.5 million population in Finland is declining.