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Furniture

Association of Furniture and Woodworking Enterprises of Russia registers a reduction in prices for Russian furniture

September 9, 2022 ` 14:21  
The Association of Furniture and Woodworking Enterprises of Russia informs there was a decline in producer and retail prices for furniture in May 2022 due to the crisis of overproduction in the Russian market of wood-based panels. According...

IKEA liquidates the company operating its stores in Russia

September 6, 2022 ` 22:33  
IKEA, a chain of stores offering home goods, has decided to liquidate IKEA Dom, a company operating its stores in Russia. The legal entity filed an application for liquidation with the Federal Tax Service on August 15, as...

Russia has sharply increased the import of Turkish furniture

August 3, 2022 ` 17:05  
Russia is increasing imports of furniture from Turkey. The import of these products for the first six months of 2022 increased by 88.1% and reached $65 million. At the same time, according to the Anadolu agency, experts believe...

Rehau to withdraw business in Russia

July 4, 2022 ` 17:03  
The Rehau Group has announced the intention to sell its business in Russia to local management and will withdraw completely from the country. The company says a corresponding preliminary agreement has now been signed by both parties. Rehau...

Russian Timber Journal 05-2022: interview with Alexander Shangin, CEO, Vologodskiye Lesopromyshlenniki Group; roaring demand in 2021 caused a consumption/supply imbalance in the Russian MDF/HDF market; Rosleskhoz urges for reduced liability of forest users operating LesEGAIS; plywood production continues to decline in Russia; Valmet’s withdrawal from Russia is progressing; Rehau to withdraw business in Russia

Russian Timber Journal 05-2022: Alexander Shangin, CEO, Vologodskiye Lesopromyshlenniki Group: “Substantial assistance to systemically important federal-level enterprises is currently non-existent”; roaring demand in 2021 caused a consumption/supply imbalance in the Russian MDF/HDF market; Rosleskhoz urges for reduced liability of forest users...

IKEA pauses operations in Russia and Belarus

March 3, 2022 ` 18:22  
Inter IKEA Group has taken the decision to pause all export and import in and out of Russia and Belarus. Inter IKEA Group has taken the decision to pause all IKEA Industry production operations in Russia. This also...

Kompass furniture factory (Sevastopol) will use a loan from IDF to upgrade a cabinet furniture production shop

December 27, 2021 ` 18:31  
It is planning to purchase and set up equipment to upgrade an area for MDF facades production, an edge banding area, a laser-cutting area and a packaging area within the project. The production capacity will exceed 10,000 m²...

In January-October 2021, Russia increased furniture import by 30.7%

December 15, 2021 ` 16:52  
In January-October 2021, the cost of Russian furniture import increased by 30.7% YoY to $ 1.994 billion, according to the Federal Customs Service of Russia. In October 2021, import amounted to $ 221.1 million (+ 6.6% MoM).

Arbor Nova is investing 200 million rubles in upgrading furniture elements production

November 16, 2021 ` 17:48  
The company is going to expand its current venue in Kurovitsy village, Leningrad Region. The production area will increase by more than 4,000 m², process flows will be optimized, a number of production processes will be automated and...