Swedwood Tichvin

completed

The project consists of the construction and operation of a greenfield, vertically integrated furniture component operation with an annual capacity for wood harvesting of up to 250,000 m3, sawmilling of up to 150,000 m3, and furniture component production of up to 24,000 m3. The facilities will be located in Tichvin, Russia, in the eastern part of the Leningrad Oblast, and the project will be sponsored by Swedwood, IKEA''s furniture production subsidiary. The plant''s production, to be made of both birch and pine, and eventually also spruce, will be designed specifically to fit into IKEA''s global supply structure, and to complement IKEA''s existing network of Russian suppliers. In addition, IFC and Swedwood are considering the implementation of a technical assistance (TA) program to improve the sustainability of the company''s operations, including training of local forest operators that would eventually supply the plant. The Project represents the initial step in Swedwood''s long-term strategy to create its first integrated production base for furniture manufacturing in Russia.