Furniture manufacturer IKEA planning zł. 100 million investment

IKEA Polska has announced plans to invest zł. 100 million in the const ruction of two sawmills and a chipboard plant. "Companies in the furniture sector need semi-finished products, therefore we have decided to go ahead with these investments. All three plants however will work exclusively for IKEA," announced Marian Grabiński, President of IKEA Polska. The decision to construct the plants has already been approved, though no decision has been made as to location. "Besides the Warmia and Mazury district, we have received competitive offers from Estonia, Lithuania and Latvia," adds Grabiński. If the company decides to build in Poland, it will choose the Warmia and Mazury district where it will receive relief on CIT amounting to 50% of the investment. However the decision has to be discussed with the monopoly State Forest, which will be the main contractor for delivering of wood. (Puls Biznesu, p. 11) A.K.