IKEA acquires 12,800 hectares of forest in Romania raising its property to 46,700 hectares
IKEA is getting even deeper in the Romanian forests trying to secure the raw material of its business: wood. World’s largest furniture retailer has just bought some other 12,800 hectares of forest in Romania, so that the total area owned by the company in the east-European country has now climbed to 46,700 hectares.
Forest in Romania (public domain)
“As part of IKEA Group of Independent Resources, IRI Investments SRL continue its investments in Romania by acquiring new forest areas. The new area is 12,800 hectares and is located in the counties of Iasi and Neamt. At this time, the overall forest area owned by the company is about 46,700 hectares,” said the furniture giant in a statement.
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The retailer knows that owning and operating forests would help it secure long-term access to sustainably managed wood at affordable prices.
The retailer had previously said that it would use part of the Romanian wood to locally make products for its stores in Bucharest, with plans for further development. It is also known that the manufacturer of self-assembly furniture is investing in renewable energy and biomaterials.