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:

Krasnaya Polyana Gaming Zone Earned Revenue of more than 4 Billion Roubles
A Bill on the Insurance of the Plans of Small Businesses Comes into Force
Registration Procedure for Foreign Workers in Russia has been Changed
The Government of the Moscow Region, METRO Cash and Carry and Sberbank Signed an Agreement On Cooperation
Gazprom will Acquire Gas Turbines from the German Siemens

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share


search on the map
Museum of Theatre and Music Art  RusHydro  Mikhail Prokhorov  corruption in Russia  Russian women  corruption  Archeology  Konstantin Kinchev  Russian history  Ganina Yama  Chelyabinsk  Beze Bazar  Taras Shevchenko  Science  Izhevsk  Navalny  Moscow planetarium  Russian Rock Music  LGBT in Russia  Igor Moiseyev   the Urals region  Stanislav Lomov  Book Tickets for Concerts  ISS  Tomtor  Sergei Magnitsky  Russian theatres  Exhibitions in Moscow  Russian Cinema  Russian wins  Yuri Albert  Buryatia  Petrozavodsk  Russian tourism  Elena Bryntsalova  Kirov  Peterhof  Moscow  Russian business  St. Petersburg  Russian politics  Russian airlines  Lake Teletskoye  Dead Can Dance  Mercedes-Benz Fashion Week Russia  Konstantin Batyushkov  Russian Literature  elections in Russia  Road Construction  Autonomous Video Surveillance System 

Travel Blogs
Top Traveling Sites