IKEA Starting Plant Construction in Tyumen Oblast
12.08.2009 — News
THE TYUMEN OBLAST.
IKEA is investing 50 million Euro into the construction of a timber processing plant in the Tyumen Oblast. The Swedish company registered its two subsidiaries, Arbor-Ishim and Arbor-Ishim-Les, in the Ishim district.
The regional government informed RusBusinessNews that IKEA has already signed a lease contract for 2.5 million square metres of forestry land. In the autumn the company is planning to start the construction of the production facility buildings. A 36 hectare plot 4 kilometres away from Ishim has been allocated for the timber processing plant which would create about 300 jobs.
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