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Klaipedos Baldai set to enter painted furniture market
BC, Vilnius, 11.12.2015.
Print version
Print versionWith the global demand for furniture with artificial cover growing at a pace of approximately 10% each year, Klaipedos Baldai (Klaipeda Furniture), one of the largest European manufacturers of particle board furniture from natural veneer sheet, is poised to enter the market for painted furniture, which is gaining in popularity fast, the Verslo Zinios business daily reports on Friday.
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The Lithuanian furniture manufacturer has invested in a new technology and will launch the production of painted furniture next year, reports LETA/BNS.
In future, such products are expected to account for 20 to 30% of the company’s total furniture output.
Klaipedos Baldai has already invested 3 million euros in more productive equipment and a new painting line this year. In addition, it has approved an investment of additional 7 million euros for 2016.
Furniture manufactured by the Lithuanian company is produced almost exclusively for IKEA and is shipped to the Swedish furniture retailer’s stores all across the world.
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