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:

Yandex Payment System Connected Its Cards to Apple Pay Service
15.11.2016
VDMA Will Provide Support For Neftegaz 2017
30.08.2016
Colombia Intends To Import Russian Buckwheat
30.10.2016
VoiceOver Guide Will Help Visual Impairment To Use Bank Applications
14.02.2017
Expocentre Welcomes Foreign Furniture Manufacturers
15.08.2016



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
TAGS:
loft,  Orthodoxy  Painting  Alexander Fishenko  Santiago Calatrava  Literature  Information systems and technologies  Russian history  Russian officials  Finds  federal military memorial  Russian tourism  Moscow  New Year  innovation  Mercedes-Benz Fashion Week Russia  Wooden Architecture  Pulkovo  Tver  Festivals  John Lennon  Museums  Opposition  Priyutino Memorial Estate  Cars  Active Citizen  Kathleen Ferrier  Exhibition Sales  ROSCOSMOS  Moscow airports  human rights  Graffiti  ice journey  hydrocarbon fuel  Spasskaya Tower  Perm shopping malls  Russian Actresses  Russian business  Maya Plisetskaya  Russian Astronauts  Russian money  accident  Pushkin Museum of Fine Arts  Russian Literature  Exhibitions in Moscow  Russian Cinema  Yuri Gagarin  Russia-InfoCentre  Archeology  Vnukovo Airport 


Travel Blogs
Top Traveling Sites