above ordinary business opportunities in lapland

facts and contacts In Lapland, 8 reasons to do business in lapland business is done above the ordinary.

The business life is active, 1. An excellent location 5. Many industries are growing in In Lapland, the entire demand poten- Lapland and there is increased interest tial of the wide Euro-Arctic region is The combined turnover of all industries towards the North. within reach. has grown for several years in a row. The most important industries include 2. A stable operating environment forestry, metal industry, mining, and and functional logistics tourism. Read more about The operating environment in Lapland is stable and functional. Finland is a 6. Experts for businesses’ needs the most important industries in Lapland member of the European Union, it is The graduates of the University of Lap- and take note of useful contacts! the only Nordic country using the euro, land are experts in fields such as edu- and it has a low corporate tax rate of cation, law, social sciences, and design, only 20%. Lapland has 5 internation- while the Arctic Centre is a top-class lapland al airports and 2 harbors. The region’s international hub for multidisciplinary energy network is reliable and energy research. The Lapland University of costs reasonable. Data transmission is Applied Sciences and the region’s voca- also constantly improving. tional schools provide professionals for content the local businesses. 3. A truly international region 4 business in lapland Lapland’s share of Finland’s goods ex- 7. Knowledgeable services and 5 future investments ports amounts to over 7%. Lapland is established networks 6 tourism industry also Finland’s forerunner in the tourism Vital networks and synergies are cre- industry, along with Helsinki. From an ated by municipalities’ development 8 bio- and circular economy international perspective, Lapland is a companies, the Chamber of Commerce, 10 mining and metal industry trendy and interesting region. entrepreneurs’ associations, and excel- lence and business clusters. 12 logistics and data center location 4. World-class natural 13 Arctic testing resources 8. A first-class living Forest growth exceeds felling volumes environment 14 important contacts and other types of reduction. The bed- Not just business, but also people rock has potential for the commercial thrive in Lapland. use of various metals and minerals. 3 lapland investment potential up to 2030

Business in Lapland lapland Forest industry,investmentFuture metal industry,hammerfest mining tourism investments arepotential the cornerstones of the economy up to 2030 lapland attracts increasing economic interest and significant investments bioeconomy, mining tourism are booming Forest industry, metal industry,hammerfest mining tourism are the cornerstonesvads of the economy lapland attractslapland increasing economic investment interest and significant investments potential up to 2030 kirkenes Significant investments are being 12 710 turnover export turnover bioeconomy, mining tourism are booming UTSJOKI planned in Lapland for the next decade, 68 930 alta hammerfest vads companies jobs 13,8 billion € 4,2 billion € Forest industry, metal industry, mining tourism are the cornerstonesseveromorsk of theamounting economy to nearly 14 billion euros in lapland attracts increasing economic interest and significant investments troms kirkenes bioeconomy, mining tourism are booming total. The largest planned investments UTSJOKI vads murmansk alta kilpis- are related to heavy industry and järvi severomorsk kirkenes mining, while the remarkable growth of UTSJOKI troms alta industry 4 350 In recent years, Lapland’s economic growth has been more positive than severomorskLapland tourism has inspired tourism- IVALO murmansk mining 4 040 kilpis- ENONTEKIÖ Finland’s average growth. Lapland’s largest industries include forestry, troms related investment plans. järvi saariselkä tourism 2 370 murmansk metal industry, mining, and tourism. Industry’s share of companies’ energy 1 405 kilpis- combined turnover is approximately 50%. järvi MUONIO industrytransport 4 3501 255 IVALO miningpublic 4 040 kiruna industry 4 350 170 ENONTEKIÖ KITTILÄ IVALO miningtourismtrade 4 040 saariselkä SODANKYLÄ 2 370100 In the long term, business operating in mining, construction, tourism ENONTEKIÖ Savukoski tourism 2 370 KOLARI saariselkä energy 1 405 service, accommodation, and restaurant have developed the best. energytotal 13 690 million € roads MUONIO transport 1 4051 255 railway MUONIO salla transport 1 255 Lapland is also very export-intensive. Lapland’s exports amount to 7% arctic railway public public 170 kirunatransport infrastructureKITTILÄ 170 of the exports of the whole of Finland, even though Lapland’s population kiruna PELLOKITTILÄ KEMIJÄRVI airport tradetradeinvestment north sweden100 19 720 million € SODANKYLÄ SODANKYLÄ 100 harbor Rovaniemi potential in north norwAY 40 065 million € only makes up 3% of Finland’s total population. SavukoskiSavukoski KOLARI KOLARIYLITORNIO NORTHWEST RUSSIA 18 210 million € roads roads totaltotalneighbouring 13 69013 million690 million € € railway railway salla salla areas OULU REGION 14 040 million € arctic railway POSIO arctic railway TORNIO RANUA transport infrastructure PELLO KEMI transport infrastructure KEMIJÄRVI airport boden PELLO KEMIJÄRVI investment north sweden 19 720 million € airport harbor investmentpotential in northnorth norwAY sweden 40 065 million 19 720 € million € lule Rovaniemi numbers to back up the claims harbor RovaniemiYLITORNIO potentialneighbouring in NORTHWESTnorth RUSSIAnorwAY 18 210 million 40 065 € million € YLITORNIO areas OULUNORTHWEST REGION RUSSIA 14 040 million 18 210 € million € POSIO neighbouring TORNIO RANUA KEMI areas OULU REGION 14 040 million € www.lapland.fi/business/facts-figures/ POSIO boden TORNIO RANUA luleKEMI boden lule

“The 2020s will be a time of significant investment in Lapland. The planned huge industrial ”In 2018, the turnover of all industries in Lapland grew by 3.4%. It’s particularly investments also require the development of transport infrastructure in Lapland and from noteworthy that all of Lapland’s industries have been growing for nearly 10 years.” Lapland to neighboring areas. In growing tourism industry, there are development projects - Heino Vasara, Sector Manager, looking for partners and investors” Lapland Centre for Economic Development, Transport and the Environment - Timo Rautajoki, CEO, Lapland Chamber of Commerce

4 5 LAPLAND’S TOURISM INDUSTRY Read more about business and investment opportunities in Lapland’s tourism industry www.lapland.fi/business/tourism/

IS GROWING strongly Current tourism statistics can be found in the Rudolf statistics service https://bit.ly/2kRGSZq

3 million internationality degree total demand of tourism industry registered stays (2018) 52% over 1 billion €

The appeal of Lapland’s tourism is based on Our largest tourism hubs include Rovaniemi, unique and pure Arctic nature and the related Levi, Inari-Saariselkä, Ylläs, Sea Lapland, natural phenomena, such as the northern lights Pyhä-Luosto and Salla. and the midnight sun. In the past decades, Lap- The development of wintertime tourism has land’s businesses have developed excellent tour- been a great success story. Now, Lapland is ex- ism expertise and partner networks both locally pecting strong growth for the snowless season. and internationally. The tourism industry is focusing on developing Tourism in Lapland is growing steadily and sig- sustainability, product and activity development nificantly faster than the average growth rate of for the snowless season, cross-country biking, the industry. Lapland benefits from a strong in- and various wellness products. The high-quality ternational brand, with growth coming from in- accommodation services and the rapidly growing ternational markets, the most important growth tourism service industry have immense potential. markets being in Central Europe and Asia. The growth of international tourism has been boost- ”Aurora Estate’s concept is based on high quality and personal service experience. ed by the direct international air routes that have There are wealthy individuals all over the world, been opened, particularly for the winter season. join the success story! and they want to come to Lapland to experience something unique.” - Sirly Schinmann, Owner, Aurora Estate

“International tourism has increased radically in Rovaniemi in the last few years, and currently, two-thirds “Having already visited the project location twice, experiencing first- of overnight stays come from visitors from outside Finland. The largest visitor markets for us are China, the hand the amazing services and activities available in this region, I am very UK, and France, and some surprising markets, such as Australia and the US, are also growing.” enthusiastic about investing in the Aurora Estate Inari Project.” - Sanna Kärkkäinen, CEO, Visit Rovaniemi - Lloyd Amsdon, Investor, Co-Founder of Watchfinder.co.uk

6 7 Estimate of sustainable level for felling STEADY AND SUSTAINABLE GROWTH in Lapland 7.24 million cubic meters (Natural Resources Institute Finland)

FROM FORESTS The forest growth exceeds - Lapland’s bioeconomy and circular economy the volume of felling and natural loss have potential EU sets national reference level for the carbon sink forest sector’s turnover forest sector’s employment 1,5 billion € 3 600 persons (2016)

The forest resources of Lapland are a signifi- Bioref biorefinery in Kemijärvi would mean cant raw material source for both traditional an investment of 950 million euros, while forestry and bioeconomy. The traditional for- Metsä Fibre Polar King in Kemi would est industry is currently Lapland’s second-larg- mean an investment of 1.5 billion euros. In est industry. Significant investments are being addition to these projects, a Kaidi biorefinery made in bioproduct plants. The forest industry is also being planned in Kemi. If realized, the is currently concentrated in Sea Lapland, but bioproduct plant investment will create con- there are sawmill and timber construction op- siderable opportunities in terms of utilizing erators elsewhere in Lapland, as well. the plant’s effluents. In fact, a significant clus- ter is forming around bioindustry in Lapland, Biorefineries are the future of industry which provides a wide range of subcontracting opportunities and generates new business ac- read more about lapland’s forest industry and bioeconomy opportunities Current technology is transforming pulp mills tivity. www.lapland.fi/business/bioindustry-circular-economy/ into bioproduct mills that can manufacture Major investment plans have sparked debate plenty of other products besides pulp. In addi- about the sufficiency of wood and sustainable ”The effluents of the Boreal Bioref plant will include energy, sugars, ash and tion to this, the mills can generate renewable felling volumes. extractives. Waste heat can be utilized in other operations requiring energy at the energy through their processes for themselves new business area, such as plant propagation and fish farming. Sugars produced as and other operators. effluents can be utilized in operations such as bioplastic production, while ash can be Significant investments are being planned Join us in building refined into soil improvement substances.” for bioeconomy in Lapland. The Boreal a more sustainable future! - Jari Polvi, Project Manager, Municipality of Kemijärvi

8 9 LAPLAND’S SUSTAINABLE MINING 50% Lapland’s share of the total turnover of the Finnish mining and quarrying industry 37% Lapland’s share of the total turnover AND METAL INDUSTRY IS GROWING of the Finnish metal refining industry

Turnover of the metal refining industry Turnover of the mining and quarrying industry 4,5 billion 570 million

Lapland is the center of Finland’s mining and In addition to these mines, there is the Kalk- metal industry. The quarrying and mining kimaa industrial mineral mine in Tornio and carried out in Lapland account for more than the Lampivaara amethyst mine in Pelkosen- half of the industry’s overall volume in Fin- niemi. land. Ores are not only extracted here, but also The existing mines are expanding and de- processed, and Lapland accounts for a major veloping their operations. New projects are proportion of the entire country’s metallurgy being planned. The mining industry offers a operations. lot of opportunities. The investment potential There is a greenstone belt with high poten- of the sector in Lapland amounts to more than tial for the mining industry across Central 4 billion euros. The most significant new min- Lapland. In addition to its major mineral de- ing project is the AA Sakatti Mining copper posits, Lapland offers a safe, functional and and nickel mine in Sodankylä. Other projects stable business environment for sustainable being planned include the Yara phosphorus “There is significant mining potential in the Sodankylä area, even on a global scale. mining. mine in Sokli, Savukoski, and the Hannuka- The municipality of Sodankylä is committed to promoting sustainable mining. One Lapland currently holds three active metal inen Mining multi-ore mine in Kolari. There of the new opportunities is the industrial area serving the mining industry, which will be 45 hectares in size, approximately.” ore quarries: are also many research and prospecting proj- ects underway for gold and battery minerals, - Janne Laine, Mining Coordinator, Municipality of Sodankylä • Outokumpu Chrome in Keminmaa among other resources. ◆ The only operational chrome mine in ”The mining industry in Lapland is investing heavily in its current operations, which will Europe ensure the good development of the mining industry in the future. Another interesting thing • Agnico Eagle Finland in Kittilä for Lapland is the strong growth in demand for battery minerals. There is a lot of potential in ◆ The largest gold mine in Europe our soil, and in the future, Lapland can be an even more significant producer of raw materials • The Boliden Kevitsa mine in Sodankylä for battery technology and part of the value chain in the industry.” lapland is a stable environment ◆ A multi-ore mine with the highest - Heino Vasara, Sector Manager, quarrying volume in Finland for sustainable mining industry! Lapland Centre for Economic Development, Transport and the Environment

10 11 Read more about logistics Lapland logistics and arctic and Arctic testing in Lapland locations for data center testing www.lapland.fi/business/logistics-and-testing/

14 border crossing points 5 airports, over million testing facilities in 1,33 million train passengers border traffic 7,8 million ivalo, muonio and rovaniemi passengers every year every year vehicles every year

Lapland’s location is very interesting for crease logistics needs even more. The Port Arctic vehicle testing has been one of global operators, which is partially why the of Kemi plays an important role as the port the pillars of business in Lapland for traffic flows at airports, roads, railroads and of export for the entire Lapland and a trans- decades. The development of auton- harbors are on the increase. Five airports and port route for raw materials. Future industri- omous driving and electric vehicles two harbors serve international trade. al investments increase the need to develop increases the need for vehicle test- Rovaniemi, Kemi, Tornio, and Kemijärvi, Lapland’s harbor infrastructure, as well as ing. The conditions, facilities and ex- the largest hubs in the region, are important the logistics infrastructure in general. pertise in Lapland are all first-class. intersection points in Lapland’s logistics net- The Aurora Intelligent Road work. The Kemi-Tornio area holds a strong location for data center on Highway 21 in Muonio is an Arc- concentration of heavy industry, whereas Ro- tic testing platform for smart traffic vaniemi is known as a hub for goods and pas- Lapland’s cool conditions, stable operating systems and automated driving. The senger transport. Kemijärvi, in turn, is home environment and reliable energy grid are ad- instrumented road section enables to the largest raw wood terminal in Finland. vantages when companies seek a location for testing and research. The service their data centers, and companies have al- network is also being constantly de- Growing logistics ready noted Lapland’s potential. The future veloped. There are testing facilities execution of the planned data transmission in Ivalo, Muonio and Rovaniemi. The turnover of the transport industry has cable from Finland to Asia via Lapland in- The tracks, halls and services all been on an upward trend in the last few years. creases this potential even further. form an excellent, internationally Future industrial investments will also in- appealing entity.

”Lapland offers a top-class environment for arctic testing and the road and air links are good. We ”The Port of Kemi is well prepared to start the expansion work. see the opportunity to test electric vehicles in winter conditions. 5G infrastructure would generate We have a nice, positive drive going on. The prospects are the best that I have seen so far.” a new opportunity - testing the communications to and from cars during winter conditions.” - Hannu Tikkala, CEO, The Port of Kemi - Alex Burns, President, Millbrook Proving Ground Ltd

12 13 What does it cost to do business in Finland? important contacts Facts and figures available aT: Do you need help in Do you need help with locating in lapland? guides.stat.fi/investinfinland/Businesscosts setting a business Lapland’s municipalities and development companies are the experts in their area in Lapland? UTSJOKI Enontekiö Inari Savukoski

Hannu Autto, Development Director Samuli Mikkola, Esko Rautiainen, Mayor (deputy) Lapland Chamber of commerce [email protected] Director for Business and Development [email protected] Advocacy, Education, Networks +358 400 132 798, www.enontekio.fi Inari Municipal Business & Development +358 40 176 3500, www.savukoski.fi kilpis- Nordica järvi Timo Rautajoki, CEO [email protected] [email protected] Muonio Salla IVALO +358 40 635 9101 +358 40 551 1289 Kaisa Kylä-Kaila, www.inari.fi, www.saariselka.fi Erkki Parkkinen, Mayor ENONTEKIÖ inari-saariselkä Development Coordinator [email protected] The Federation of Finnish [email protected] Utsjoki +358 400 393 987, www.salla.fi MUONIO Enterprises +358 40 489 5153, www.muonio.fi levi Advisory, Education, Advocacy, Eeva-Maarit Aikio, Posio ylläs KITTILÄ Kittilä Development Manager SODANKYLÄ Networks [email protected] Veli-Matti Ruotsalainen, Savu - Katariina Palola, KOLARI koski Pirkka Salo, CEO +358 400 151 294, www.utsjoki.fi Business Development Coordinator pyhä-luosto Director of Economic Development [email protected] [email protected] salla Kideve Elinkeinopalvelut +358 400 392 139 Sodankylä +358 40 8012 205, www.posio.fi [email protected] PELLO KEMIJÄRVI 0400 955 472 Jukka Lokka, Development Manager Lapland Centre for www.kittila.fi, www. levi.fi Rovaniemi Rovaniemi Business Lappi YLITORNIO [email protected] Economic Development, Juha Seppälä, CEO POSIO Kolari +358 40 146 0448 RANUA Transport and the Environment Rovaniemi Development Ltd TORNIO www.sodankyla.fi, www.businesslappi.fi KEMI Advisory, Financing, Nina-Maria Möykkynen, [email protected] Development Services Development Manager Kemijärvi +358 400 377 595 [email protected] ww.rovaniemi.fi Do you need more information about Lapland Eija Virtasalo, +358 40 489 5007 Jari Paloniemi, CEO www. businessrovaniemi.fi Head of Finance Kemijärven Kehitys Oy www.kolari.fi, www.yllas.fi and business opportunities in the region? [email protected] [email protected] Ranua Business Lapland is your window to Lapland’s business +358 29 037 150 Pello +358 40 592 7294, www.kemijarvi.fi Katja Lindholm, opportunities and expertise Kai Korhonen, CEO Pelkosenniemi Connection & B2B Manager www.lapland.fi/business Finnvera Pellon Kehitys Oy [email protected] Finance, Loans, Guarantees [email protected] Mika Tenhunen, +358 40 664 3113, www.ranua.fi +358 40 674 4318, www.pello.fi Business Development Coordinator House of Lapland Kari Tuominen, [email protected] Hanna Baas, Program Manager of Business Lapland Regional Manager +358 40 195 0488 [email protected] [email protected] www.pelkosenniemi.fi, www.pyha.fi +358 40 485 9877 +358 29 460 2001 14 15