Vegetein

Food and Beverage Manufacturing • Painküla, Jõgeva County, Estonia • 1-10 Employees

Company overview

Headquarters	Painküla, Jõgeva County, Estonia
Website	vegetein.com
NAICS	11
Employees	1-10

Key Contact at Vegetein

Karl Mattias Ruus

Head of Product Development, Technical Sales & Quality Control

About Vegetein

Thanks to research and development in the US, Canada and Estonia, we have created a new refining technology that allows the proteins to extract faster and more energy-efficient compared to conventional technologies. In recent years, our team has experimented a lot and produced many prototypes. As a result, we are able to deliver high-quality oil, powder and textured protein from linseed, hemp, and canola. We are actively looking for partners who are interested in manufacturing new products or increasing the protein content of the available products. Currently, a production complex is being under construction near Jõgeva. A pilot plant is predicted to be finished in 2020, which is going to produce protein products with a capacity of 700 kg/h. We are hoping to open an Oil Extraction and Flour Plant (OEFP) production line of 2.4 tonnes of seed per hour in 2021. Trademark Vegetein is owned by Baltimere Invest AS.

Vegetein revenue & valuation

Annual revenue	$85,555
Revenue per employee	$86,000
Estimated valuation?This valuation is estimated based on industry average for the Food and Beverage Manufacturing industry and current estimated revenues	$273,776
Total funding	No funding