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IKEA to Build New Plant in Russia
5.02.2013 16:13
IKEA to Build New Plant in Russia
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IKEA Industry Group is planning to build a furniture plant near Nizhny Novgorod, according to its CEO, Leif Hultman.

The regional authorities have said they are prepared to offer tax breaks for the company in exchange for new jobs in the real sector of the economy that will be created.

Mr Hultman did not disclose the deadlines or the size of investment. He promised, however, that it will be a ‘big enterprise’.

Overall, IKEA has placed almost 100 billion roubles in investment in Russia. 

Author: Mikhail Vesely

Tags: IKEA Nizhny Novgorod Russian plants investment in Russia  

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