Barcelona city tours is a perfect opportunity to have a perfect vacation outside the Baltic States. Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

IKEA prepared to boost furniture orders in 2006 and beyond

Feb 22, 2006
From wire reports

VILNIUS - Sweden's IKEA strengthened its position among Lithu-ania's furniture producers last year and has said it intends to build on existing relations in the market, where it already soaks up over 50 percent of output.

"Lithuania is one of our key purchase markets. We intend to expand our relationships here, and we have quite a few solid projects with suppliers," said Tomas Franzen, an IKEA representative.

IKEA, which has placed Lithuania as one of its top five furniture producers, currently places orders with more than half of the Baltic state's furniture makers. The company intends to increase orders for 2006.

Klaipedos Baldai (Klaipeda Furniture), has assumed obligations to manufacture furniture worth over 500 million litas (145 million euros) for the Swedish company in a four-year period.

"This contract has wrapped up talks that took almost one year to complete," said Ricardas Kiaurakis, head of SBA Furniture group and Klaipedos Furniture chairman. "The IKEA order will guarantee the utilization of all Klaipedos Furniture capacities for at least four years."

Vilniaus Baldai (Vilnius Furniture) won an IKEA order for the manufacturing of beds last year. The order's annual value is expected to exceed 18 million litas.

Analysts estimate that exports to IKEA comprise up to 85 percent of total sales by Vilniaus Baldai.

Dilikas, the Klaipeda-based furniture producer controlled by Baltic Furniture Group, channels almost full output to IKEA. Cooperation has enabled the company to shrug off losses.

Lithuanian furniture makers dependent on IKEA orders are currently mulling over the possibility to build a joint logistics center to supply IKEA stores directly.
 MORE NEWS
  • Sanctions cut into Estonia tra...
    TALLINN - Estonia’s transport industry, a key contributor to the Baltic econ...
  • Israeli investors announce hig...
    VILNIUS - Lithuanian President Dalia Grybauskaite met with a business delegation f...
  • Elering looks for power line f...
    TALLINN - Estonia’s electric power operator Elering reported that in paralle...
  • PKC Group likes Lithuania for ...
    VILNIUS - Finnish PKC Group opened a new manufacturing unit in the beginning of...
  • No bidders in Snoras building ...
    RIGA - The first two auctions held to sell the property at 23 Pils Street in Ri...
  • Specialist shortage limits IT ...
    RIGA - Latvia’s IT sector turnover increased by 20 percent last year, an ...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.