Ikea plans next investment earmarking $100 ml. for Poland
By the end of 2001 Swedish concern Ikea intends to invest a further $100
million in Poland according to a report in Prawo i Gospodarka. The bulk
of the monies will be spent on the next phase of enlargement of the Janki
center in suburban Warsaw, estimated at $75 million. "The investment funds
will come from our own resources." said Jan Musiolik, general president of
Ikea Poland. "We are enlarging the Janki center because of increasing
sales. We would also like to enhance the quality of merchandise display
and improve customer service," said Wojciech Dzwonkowski, Ikea Retail
general project manager. In addition, Ikea plans to construct a new
furniture store in Warsaw, which will probably open in June 2001. At the
end of 1999 Ikea 's cumulative investment in Poland amounted to $200
million.
P.J.
