IKEA looks to Siberia for new factory
Published 07 December, 2007, 12:21
Swedish furniture giant IKEA is in talks about building a plant in the Siberian region of Tyumen. The factory in the city of Ishim would manufacture furniture parts.
IKEA plans to invest up to $US 60 million in the project.
The company also wants to develop timber cutting in the Tyumen region.
IKEA, already a big name in Russia, plans to invest $US 2 billion in the country over the next six years.
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