MOSCOW TIME: 01.07.2022 19:26:18

Companies + Local News + Markets

IKEA plans to export Russian flax products

IKEA plans to export Russian flax products

Swedish retailer IKEA sets up its manufacture in Russia. Large part of its products are going to be exported.



IKEA plans to export Russian flax products


Swedish retailer IKEA sets up its manufacture in Russia. Large part of its products are going to be exported.


Today IKEA manufactures 60% of its products in Russia. It cooperates with 60 local producers from different regions and it is going to extend cooperation.


The next IKEA project is scheduled to be open in 2018. The biggest «Mega» shop in Europe will be opened in Mytishchi. Last time shops in Russia were opened in Ufa and Samara in 2011.


IKEA is a large retain chain that sells furniture and interior features with more than 300 shops in 26 countries. Its profit in 2015 (finished in August) was €32.7 bln. With the profit margin - €3.5 bln.



Share this:

Share this Share this Share this
† †

NEWS


04.12.2019 TVEL completes the contract for supply of fuel pellets to India for Tarapur NPP

TVEL JSC has shipped to India the final consignment of uranium  fuel pellets for BWR reactors and thereby fulfilled the relevant contract with the Department of Atomic En...

26.09.2019 Vietnam-Russia Bilateral Ties Deepen, Boost Investment

Russia was one of the first countries to establish diplomatic relations with Vietnam, laying the groundwork for a strong bilateral and economic relationship between the countries.

04.09.2019 Russiaís trade turnover with African states up 17% in 2018

Russiaís trade turnover with the African states increased by more than 17% in 2018 to $20.4 bln. A representative of the Russian Foreign Ministry told TASS that the majority of...

EVENTS


INTERVIEWS


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education


03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners