Last year, Danish-Swedish-Finnish Arla Ingman's milk business racked up losses totalling 15 million euros. The company’s turnover, however, grew by 7 percent.
Arla Ingman chief executive Reijo Kiskola says unhealthy competition is souring Finland's dairy market.
Valio recently announced a 30 percent wholesale price rise for its milk after Finland’s Competition and Consumer Authority in December found that Valio had been selling its wholesale milk at loss-making prices to force the competition out of the market.
Arla Ingman is headquartered in Sipoo.
