IKEA plans to build woodworking facility in Belarus

Moscow. Sep 18, 2009. /Lesprom Network/. IKEA plans to set up a woodworking facility in Belarus, as The Belarusian National Center for Marketing and Price Study reported Lesprom Network.

The plant will be located near the town of Borisov. The annual timber processing will make up approximately 600 thousand cubic meters. According to the Forestry Minister of Belarus Piotr Semashko, it will be one of the largest investment projects over the recent years. The Forestry Ministry of Belarus will supply the company with raw material. The new facility will be set up jointly with the Bellesbumprom Concern.

Belarusian forestry companies are implementing several large investment projects in concert with foreign firms engaged in timber high-level processing.

"We are considering a range of projects to develop timber purchasing, the use of timber in small-scale power generation and primary processing. Belarus actively cooperates with investors from the Baltic region, especially, with Lithuania," Piotr Semashko said. The Belarusian companies that take part in these projects are to secure regular supplies of the raw material of high quality and at economically sound prices, the minister stressed.

Joint ventures are currently set up in the Grodno, Ostrovets, Begoml, Surazh forestries. Preliminary negotiations were held to build joint ventures in the Liozno and Borisov forestries.



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