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Companies in the timber industry / Daily News / Furniture / Wood Products / China / Europe / Global
August 29, 2022

Ikea announces further investments in Chinese market

Ikea announces further investments in Chinese market
Ingka Group, the parent group of Swedish home furnishing giant Ikea, will invest 5.3 billion yuan (EUR 770 million) in China in the fiscal year 2023, the company said in a press conference.    The investment will be used for further business digitalization, construction of new stores and shopping malls as well as the integration of multiple distribution channels, said Anna Pawlak Kuliga, CEO and president of Ikea China.    Lydia Song, vice-president of Ikea China, said that the company will announce the investment of a wind power project in China later ...

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