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.


      

 


Sources: http://www.swedspan.com http://www.rbc.ru 

Author: Irina Fomina

Tags: Russian business Retail    

Next Previous


You might also find interesting:

VIII Financial Sphere Awards
10.04.2018
Digital Innovations Centre by Gazprom Neft
16.04.2018
Sberbank Has Raised Rates On Deposits In US Dollars
24.10.2017
Sberbank Issued 10 Million MIR Cards
15.09.2017
Mobile Analytics for Sberbank CIB Client Managers Recognised as Best Analytical Solution of the Year
08.02.2018



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
TAGS:
Festivals  Anatoly Serdykov  Yaroslavl   Emil Galle  Mistral  MTS   Mercedes-Benz Fashion Week Russia  ecology  Crimean referendum  Moscow Rest  Russian law  Anton Chekhov  Russian Literature  Russian arms  Arch-Moscow  Moscow  Beeline  Alisher Usmanov  Mikhail Bulgakov  Russian Cinema  Russian Stage Directors  floods in Far East  Wedding Train  investment  Udmurtia Republic  FIFA Russia Cities  Saint Petersburg Metro  Luzhniki  Exhibitions in Moscow  Map of Russian Science  Russian Film Distribution  Painting  Russian business  Russian history  buy Russian designers  Russian tourism  Archeology  KSENIASERAYA  Russian oil  health  Sberbank  Universal Credit Rating Group  Basketball  Russian holidays  business  Space Exploration  Investments into Russia   tourism  hotel industry  Perm Region 


Travel Blogs
Top Traveling Sites