BREST, 23 April (BelTA) – The Belarusian company OAO Ivatsevichdrev opened two new markets in January-March 2019, the company's Director General Aleksandr Ilnitsky told BelTA.
According to the source, the company started cooperating with a major furniture retail chain in Poland. The first batch of merchandise was shipped. The company also exported the first container full of furniture to Ulaanbaatar, Mongolia. “We've selected modular sets of furniture from our collections in order to assess consumer demand. Shipments to Mongolia became possible thanks to participation in the IMM Cologne 2019 fair,” Aleksandr Ilnitsky said.
According to the company CEO, furniture manufacturing is a promising area for export. In January-March 2019 furniture export rose by 110% in comparison with the same period of last year. Ivatsevichdrev furniture is regularly shipped to Russia, Latvia, Kazakhstan, and the USA. The company works hard to penetrate new target markets. In particular, the company has signed a contract to deliver furniture to Spain and intends to ship the first batch to the customers some time in June.
Apart from furniture Ivatsevichdrev exports chipboard and laminated board, sawn timber. In Q1 2019 the company shipped products worth about $8.7 million to partners from over 15 countries.
The history of the public joint-stock company (OAO) Ivatsevichdrev began in 1922 with the establishment of a sawmill. It is now one of Belarus' largest woodworking companies.More about Economy