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.