Valio is the market leader in key dairy product categories in Finland and a pioneer as the developer of functional foods.

[1] Valio has 15 production facilities in Finland, two in Estonia and a plant for producing processed cheese and a logistics centre in Moscow, Russia.

Valio subsidiaries operate in Russia, Sweden, the Baltic countries, United States and China.

[citation needed] Valio sold its ice cream activity to overseas company Nestlé in 2004.

[7] In 2005, Valion Jäätelöbaari (Valio Ice Cream Bar), designed by Paola Suhonen, was opened in Kamppi Center, Helsinki.

The turnover of Valio in Russia was €283 million in 2010, making it the biggest Finnish consumer business on the Russian market after Nokia.

After Russia imposed sanctions on the EU, butter made by Valio appeared in supermarkets in the USA under the FINLANDIA brand.