Forte to tackle the Bear
The new factory in Vladimir, 170 km away from Moscow, is going to produce home and office furniture starting in October/November this year. "The Russian market is very promising. We have conducted business activity in that country for many years now. A year ago, we finally decided to start production in Russia," said Maciej Formanowicz, president of FM Forte.
"At first, we wanted to build a brand new factory in Veliky Novogrod but in the end we grasped the opportunity to take over ready-made facilities, which will enable us to start production much sooner," Formanowicz added.
The company will pay for the plant from the zł.47 million it made from a public offer of E-series shares last year. Forte is planning to spend EUR 11 (zł.46.6) million in total on the new plant.
"At first, we wanted to build a brand new factory in Veliky Novogrod but in the end we grasped the opportunity to take over ready-made facilities, which will enable us to start production much sooner," Formanowicz added.
The company will pay for the plant from the zł.47 million it made from a public offer of E-series shares last year. Forte is planning to spend EUR 11 (zł.46.6) million in total on the new plant.
