Korona bolsters operations in USA

Korona Candles S.A., the biggest producer of candles and a supplier of own brands for IKEA or Wal-Mart, among others, plans to invest $21 million between 2013 and 2020 to expand its operations in the United States. Korona acquired a closed vehicle components factory last year. After eight months of adaptation works, it began to produce candles. “How did we manage to succeed? We have sent a team of professionals trained in Poland. Now, they supervise their colleagues in the factory in Virginia,” Krzysztof Jabłoński, the CEO of Korona Candles, was quoted as saying by Puls Biznesu. The company plans to employ 171 persons in the US by 2017. Expected turnover will reach $70 million in 2017/2018.