"Ikea Industry sees a great potential in Kazlu Ruda. Lithuania is really competitive in terms of operating experience, employee competencies, possibilities to attract new employees and availability of raw materials," Inga Urbonaviciute, the Lithuanian company's CEO, said in a press release.
The company would not disclose the amount of investment in the new facility, which is planned to be completed in the summer of 2019.
Ikea Industry Lithuania's chipboard and furniture manufacturing facilities in Kazlu Ruda, in southern Lithuania, employ a total workforce of over 700 people. The company last year manufactured 1.2 million units of furniture and 545,000 cubic meters of chipboard.
The Lithuanian company is 100% owned by Dutch-registered Ikea Industry Holding,
