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Tag: IKEA

IKEA pauses operations in Russia and Belarus

3 March 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...

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

14 October 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...

Ascona invests 2 billion rubles in the production of goods for IKEA

29 June 2021 ` 20:44  
The enterprise in Dobrograd-1 SEZ in the Vladimir region is scheduled to be put into operation in H2 2022. The new site of Ascona Group will produce mattresses, pillows, and upholstered furniture for the world’s largest furniture retailer,...

IKEA Germany sees a sharp increase in online sales

13 November 2020 ` 16:28  
IKEA Germany closed the 2020 financial year (September 1, 2019 to August 31, 2020) with retail sales of € 5.325 billion, which corresponds to an increase of 0.9% compared to the previous year. Online sales amounted to €...

EBRD will give loans to Belarus timber industry

17 July 2020 ` 16:31  
European Bank for Reconstruction and Development made a decision to support VMG Group’s business in Belarus. VMG Industry FLLC located in Mogilev Special Economic Zone and Swoods Export FLLC from Borisovo will receive loans. Specifically, the company from...

Investment projects of Les-Export and Sibirles being Implemented in the Tomsk region are included in the list of priority ones in the forest sector

15 June 2020 ` 12:42  
Les-Export company is creating a harvesting infrastructure in Aleksandrovsky and Kargasoksky districts along with the facilities for integrated wood processing in the village of Krasny Yar. The project is expected to be implemented before 2024, investments will amount...

Russian Timber Journal 09-2019: Managing Director of the Finnish Sawmills Association Kai Merivuori about falling sawn timber prices; annual Russian Forest Industry Review; the Russian government cuts transport subsidies for the timber industry; Sergey Anoprienko appointed as a new head of the Federal Forestry Agency

Russian Timber Journal 09-2019: Managing Director of the Finnish Sawmills Association  Kai Merivuori: “All markers are in the red zone. We can expect a reduction in production”; Russian Forest Industry Review, 2018-2019: peak forest products prices in 2018,...

Russian Timber Journal 06-2019: WhatWood interview with President of United Panel Group; downward pricing trend for logs continues; packaging industry: on the way to circular economy; In 2018, China is increasing trade in wood; WhatWood’s statistics of log price index in Russia

Russian Timber Journal 06-2019: WhatWood interview with President of United Panel Group; downward pricing trend for logs continues; packaging industry: on the way to circular economy; In 2018, China is increasing trade in wood; WhatWood’s statistics of log...