Silute furniture company targets 11% revenue growth in 2016
2016-03-14, 16:10
Published in
Economy
BFL / Vladas Bukenas
Silutes Baldai (Silute Furniture), a Lithuanian furniture manufacturer that supplies more than 90% of its output to Ikea's stores in 20 countries worldwide, last year increased its sales revenue by 5% on the back of success of new products and a rise in output and exports and targets an 11-% revenue growth in 2016, the Verslo Zinios business daily reports on March 14h. As estimated by CEO Asta Dijokiene, SBA concern, which controls the furniture company, will this year invest approximately 2 million euros to boost the plant's efficiency. SBA concern will this year invest 19 million euros in its five furniture plants supplying furniture to Sweden's Ikea, i.e. in Klaipedos Baldai (Klaipeda Furniture), Germanika, Silutes Baldai, Visagino Linija and Mebelain in Belarus.
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