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Business news

16 Jan 2018

German company plans to set up furniture factory in Belarus

MINSK, 16 January (BelTA) – The Belarusian timber, woodworking, pulp and paper industry concern Bellesbumprom and the German company Polipol Holding GmbH have agreed to carry out an investment project to set up a furniture factory in Belarus. The deal was sealed during the interiors show IMM Соlogne 2018 by Bellesbumprom Chairman Yuri Nazarov and Managing Director of Polipol Holding Gerd Hemmerling, BelTA learned from Bellesbumprom spokesperson Ruzhena Novitskaya.

The sides will be attracting FDI to set up a factory producing soft furniture in Belarus. The project is estimated at €20 million in investment. The furniture will be made by Belarusian workers to be trained by German specialists beforehand. Then it will be exported to Europe.

The agreement is a result of meetings and talks between Bellesbumprom and the German company. Polipol Holding representatives have visited Belarus several times to study the possibilities and conditions for founding a furniture factory. They have considered different proposals and sites to choose the location. The Ivatsevichdrev furniture manufacturer has been chosen as a top-priority location. This is where a new furniture cluster will be set up. The enterprise already has all the necessary premises, infrastructure, communications, and conditions for furniture making.

The Belarusian delegation at IMM Cologne includes top managers of Ivatsevichdrev, Pinskdrev holding company, Molodechnomebel, ZOV-LenEvromebel, Gomel Furniture Factory Progress and Minskproektmebel. The delegation led by the head of Bellesbumprom Concern is in Germany to explore the potential of the German furniture market and to hold negotiations over the organization of an exhibition of Belarusian furniture producers next year. The Belarusian delegation is also set to hold a series of meetings with German companies to discuss trade, economic, industrial and investment cooperation.

Polipol Holding GmbH is a major manufacturer of upholstered furniture in Europe. Today it employs over 5,000 professionals in Germany and abroad. The annual turnover exceeds €400 million. It manufactures upholstered furniture for homes, offices, conference halls, outdoors, etc.


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