News dalla rete ITA

25 Ottobre 2021

Turchia

IKEA, LPP TO SHIFT PRODUCTION TO TURKEY AS INVESTMENTS POUR IN

IKEA, LPP to shift production to Turkey as investments pour in Many foreign companies will shift their production to Turkey in the long run in furniture sector. Mosfed (furniture federation)President Ahmet Gülec states that during the pandemic period, Turkey's exports to Italy, Germany, England and France increased by 60-80 percent, and to the USA by 80 percent in 9 months. Sweden’s flat-pack furniture giant IKEA and Polish fashion retailer LPP are planning to move part of their production to Turkey to minimize problems with global supply chains and increased shipping costs. Strategic location, strong manufacturing base' IKEA’s move follows similar steps by other European brands such as Benetton, which is bringing production closer to home by also boosting manufacturing in Turkey, as well as in Serbia, Croatia, Tunisia and Egypt with the aim of halving production in Asia. source:  bloomberg/daily news hürriyet elaboration: ilknur durul contact: istanbul@ice.it (ICE ISTANBUL)


Fonte notizia: daily news hürriyet