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:

Research: Most Small and Micro-business Companies Expect to Reach Pre-crisis Indicators within Six Months
06.05.2020
Russia Fell to the 50th Place in the Ranking of the Best Places to Do Business
19.06.2020
The State Duma Approved Imprisonment for Libel on the Internet in the First Reading
22.12.2020
The Russian Government will Support Catering Business and Hotels
23.03.2020
AliExpress will Launch an Express Food Delivery Service in Russia
31.08.2020



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share


TAGS:
Pavel Chukhrai  Exhibitions in Saint Petersburg  Russian law  Leo Tolstoy  Online Events  Vaccines  Mercedes-Benz Fashion Week Russia  Russian tourism  National University of Science and Technology MISiS  Prizes  VIM-Avia  coronavirus  Solovki  Maya Plisetskaya  Stavropol Territory  Republic of Tatarstan  Censorship  Fashion Futurum  Moscow planetarium  Frescoes  Russian Cinema  Nesting Dolls  Spassk-Ryazansky  Moscow  protest actions  Russia-Guatemala  Music Festivals  Russian business  VTB  travel to Russia  The Nutcracker  the Lake Vostok   police  Russian regions  Russia-InfoCentre  Yandex  St. Petersburg  Yuri Gagarin  Beer Labels  Armavir  Baikonur  Festivals in Moscow  Russian political parties  Kursk Region  Moscow Kremlin   Exhibitions in Moscow  Russian Museum  Architecture Monuments  Joseph Stalin  Yeniseysk  


Travel Blogs
Top Traveling Sites