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:

Tax On Google Came Into Force
Wine Prices Went Up
3D-Printers Will Be Put Into Mass Production
High-tech Internet Bank For Business Is Launched
Total Demand For Cash Currency Grew By 29 Percent

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Novozavidovsky  Archeology  Boris Grebenshchikov  Valery Gergiev  Nikolay Tsiskaridze  Investigative Committee  Nikolay Emanuel  Moscow events  Russian business  Russian tourism  Mercedes-Benz Fashion Week Russia  Ural Mining and Metallurgical Company  Paleontology  Fyodor Shalyapin  Dima Yakovlev Law  A warm place  Dmitry Prigov  Russian sport  Russian music  South Stream  tourism exhibition  Vladimir Volodin  Russian fairy-tales  Kaliningrad Region  Life Saving  Music Festivals  Painting  Natalia Vodianova  Aeroflot  Forest Reserves  Far East  Kirill Serebrennikov  Tanara River  Paleopark  Afghanistan  comet discovery  Exhibitions in Moscow  Russian Literature  Russian Cinema  Unusual Monuments  Mikhail Prokhorov  Mikhail Rudakov  Russian media  Moscow  Russian urban culture  Christmas  Auctions in Moscow  Russian history  TNK-BP  Russia-China 

Travel Blogs
Top Traveling Sites