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:

The "Coffee and Milk" Index Fell in Russia by 4.5%
"Technological Entrepreneurship in Russia" to be Discussed at the St. Petersburg International Economic Forum
Sberbank Issued 10 Million MIR Cards
BMW Intends to Construct a Full-cycle Assembly Plant In Russia
EUROBOT hampionship Got Sberbank's Support

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
Yakov Khalip  Beloretsk  Soviet Regime  Zaitsev  Russian sculptures  Russian Literature  ROSCOSMOS  Celebrated Steppe  Historical Exhibitions  Russian Cinema  Medieval Music  Russian Film Festival in France  Exhibitions in Moscow  criminality  Andrey Zvyagintsev  Red Square  Barack Obama  Russian ships  Russian hotels  Nature Reserves  Russian Rock  Kamchatka  Russian airlines  Popigai Crater   Mercedes-Benz Fashion Week Russia  Heroism   Territoriya Festival  Adygea Republic  migrant workers  human rights in Russia  Russian musicians  Fashion  Russian parliament  Russian business  Kamyshin  Russian history  Primorye  St. Petersburg  Russian academy of sciences  Events in Moscow  Ivan Sechenov  the Arkhangelsk Region   Lawlessness  Archeology  Neva  Russian tourism  Russian spa resort  business  Svetlana Alliluyeva  Moscow 

Travel Blogs
Top Traveling Sites