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IKEA Expands Russian Based Furniture Production…

Swedish furniture giant IKEA, has signed an agreement with the German company Pfleiderer (Pfleiderer AG is one of the world’s major suppliers of the furniture chipboard.) to acquire a plant near Veliky Novgorod, will start full production (?) of furniture at this plant to manufacture finished products for its stores…

Sp once again IKEA who bad mouthed Russia like she was a second hand – step child, has now expanded its empire to include making furniture within the borders of a country, that it proclaimed not long ago to the Western Press that it could not do business with that country due to corruption that was so out of control in all aspects of business. All the while it was proven that IKEA was the one out of control and was using a smear campaign to cover up issues at the home front…

I have been following this company IKEA and am also watching how Russia is so tolerant with the company. Russia has a gold mine for corporations from the West and many are starting to see that! Low labor, low overhead and easy to deal with infrastructure. Just ask McDonald’s and you will find out why western companies are starting to love Russia…

And you thought everything in IKEA was made in China… 🙂

Kyle Keeton
Windows to Russia…

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One Comment

  1. admin Post author | November 1, 2012

    And I got emails that I was lying…
    Here is RIA and the latest news on the subject…

    Swedish furniture giant IKEA will create a production cluster in the Novgorod Region in northwest Russia to expand its activities in the country, Swedspan International, part of IKEA Group, said on Thursday.

    Swedspan CEO Christian Schwarz said the Novgorod Region and the local chipboard factory were a good opportunity for investment.

    Swedspan manages production clusters in Lithuania, Sweden and Slovakia and intends to build a similar production center in Novgorod, which will include a furniture factory, a logistics center and, possibly, a factory for electricity generation from biomass, Schwarz said at a meeting with Novgorod Region Governor Sergei Mitin.

    In late October, IKEA Group signed a deal with Pfleiderer to buy the local chipboard plant. Swedspan International will both operate the factory and develop a production cluster in the region.

    The regional authorities see good prospects both for Swedspan International and the local timber industry, which has large timber resources, Mitin said.

    “We were pleased to hear that Pfleiderer’s plant in Novgorod will pass over to you. On the one hand, you can use the qualified human potential of Veliky Novgorod and, on the other hand, the logistics of raw material deliveries. We see great prospects for the development of furniture production,” he said.

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