Padma Art to invest PLN 63 million in Suwalska SEZ

Padma Art is expanding its premise in the Suwalska Special Economic Zone from 3.6 ha to 11 ha. The value of the investment stands at PLN 63 million, the Ministry of the Economy announced. According to estimates, some 1,000 people will be employed. "Last year, Padma produced 24 million frames and mirrors for IKEA. In 2015, the company plans to manufacture 35 million of ready-made sets. Padma has been recording production volume growth of 30-50 percent annualy since 2008 and it has broke into the top 10 of the biggest IKEA suppliers in Central Europe," a press release informed The company currently employs 1,500 workers in the Suwalska Special Economic Zone.