Slotex owner acquires Ikea facilities in Novgorod

Production is to be ramped up during the second quarter

The Ikea Group has sold a particleboard mill doing business as Ikea Industry OOO in Veliky Novgorod in Russia’s Novgorod Oblast and a neighbouring furniture factory as part of a divestment process underway since June 2022. The new owner is Invest Plus OOO, a company controlled by Vadim Osipov. An agreement in princi...

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