Furniture store Ikea plans to invest $100 million and increase exports

Swedish furniture maker Ikea revealed its plans to invest $100 million in Poland by the end of 2003. The company intends to expand its central warehouse, purchase real estate and open four new shops in Lodz, Szczecin, Bydgoszcz and Gliwice. "In 2005 our network in Poland will consist of eleven stores. Upon completion of these investments we will not open any new outlets for five to ten years. After this, we may start to open new stores in smaller cities," said general director of Ikea in Poland Jan Musiolik. Company representatives also said Ikea intends to increase exports from factories in Poland from zl. 1.85 billion to zl. 2.6 billion by 2004. (Prawo i Gospodarka, p. 3) M.K.