Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

IKEA has acquired a plant near Novgorod
21.10.2012 17:49
IKEA has acquired a plant near Novgorod

The IKEA Group strengthens its integrated value chain by signing an agreement acquiring a production facility for particle board in Novgorod, Russia. The plant will produce light-weight, wood based panels, used in IKEA products, is reported in the official IKEA press release.


The plant is acquired from Pfleiderer Grajewo S.A, a subsidiary of the German Pfleiderer Group, already today a supplier to the IKEA Industry Group. Some conditions needs to be fulfilled before closing of the transactions, among others approval by Russian antitrust authorities, the process is expected to be finalised within the next few months.


The Novgorod plant has 380 employees and a production capacity of 500,000m3 particle board per year. Today a smaller part of its production is delivered to the IKEA furniture producer Swedwood Esipovo in the Moscow region. The plant will be integrated into the IKEA Industry Group operations after the conclusion of the transaction.


Russia is one of the fastest growing markets for the IKEA Group. Today the IKEA Group has 14 MEGA shopping centres and 14 IKEA stores in Russia, with 235 million visitors per year.



Author: Irina Fomina

Tags: Russian business Retail    

Next Previous

You might also find interesting:

Deripaska's Wealth has Decreased by $ 4.7 Billion This Year
Russian Companies Give Pessimistic Forecasts for International Trade
Tax Privilege for the IT Exporters
Current Trends of Russian Consumers
"Technological Entrepreneurship in Russia" to be Discussed at the St. Petersburg International Economic Forum

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share


search on the map
Ivan Fyodorov  Russian Proverbs and Sayings  Mercedes-Benz Fashion Week Russia  Vladimir Vysotsky  Hermitage  Joseph Stalin  Antique  Russian models  Russian Literature  Contemporary Writers  Russian transport links  Moscow  Surgutneftegaz   Russian Cinema  Comics  Isidor Frikh-Har  floods in Far East  Ardon  Mtsensk  Yekaterinburg  visa regulations  Exhibitions in Moscow  Rostov  Alexandrov Ensemble  Lipetsk   Buddhism  Russian religion  incident  St. Petersburg  Russia Travel Tips  Pension Fund  physics  Russian opera singers  Russian history  Archeology  Patriarshiy Garden  Yakutsk  Monuments in Moscow  Leonardo da Vinci  music  Russian tourism  Russian population  Alexey Navalny  Primorsky Territory  Nonconformism  Sculptures  Symphonic Music  Russian business  the Bolshoi Theatre  Russian national colours 

Travel Blogs
Top Traveling Sites