Polish furniture manufacturer Szynaka expands to Belarus

April 12, 2019
Source:
PB/Fordaq
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Szynaka Meble, one of the largest Polish furniture manufacturers, is expanding to Belarus. According to a report by the Polish business magazine Puls Biznesu, Szynaka has acquired an area of ​​existing halls in Grodnoinvest Special Economic Zone in Smarhon, Belarus.

Smarhon is near the border with Lithuania. According to the report, the site covers 10 hectares, the hall area 30,000 square meters. The acquisition of the area has therefore cost only PLN 1.1 million, the equivalent of just under 260,000 euros. It is expected that investments of around EUR 10 million will be necessary by the time production is commenced.

Wood-based panel manufacturer Kronospan operates a panel plant in Smarhon, which was one of the reasons for Szynaka's location decision. 80% of production in the new furniture factory is to be exported, especially to the countries of the Eurasian Economic Union Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, which can then be supplied duty-free. In addition, an existing cooperation with IKEA is to be expanded.