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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...

Sudoma sawmill opened the biggest furniture boards production site in the Pskov Region

November 15, 2021 ` 20:53  
Sudoma sawmill launched a new production shop to make furniture boards, rough-sawn and cut-to-exact size furniture blanks with the capacity of 8,400 m³ of product per year in Dedovichi urban settlement, Pskov Region. This is the region’s biggest...

European wood furniture production down 5% last year

October 18, 2021 ` 19:24  
The latest Eurostat PRODCOM data reveals that the total value of wood furniture production in the EU27 declined 5% to €32.4 billion in 2020. This performance for the year is significantly better than initially anticipated at the start...

Ikea expects shortages due to supply-chain crisis until mid-2022

October 14, 2021 ` 19:45  
Swedish home-furnishings giant Ikea gave a bleak outlook for the retail industry, saying it expects shortages from the supply-chain crisis to remain an issue through the middle of next year. “The biggest challenge has been getting products out...

In January-August 2021, Russian furniture imports increased by 34.4%

October 13, 2021 ` 12:37  
In January-August 2021, the value of Russian furniture imports increased by 34.4% YoY to $1.565 billion, as reported by the Federal Customs Service of Russia. In August 2021, imports amounted to $209.9 million (+ 1.1% MoM).