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Ikea to build new distribution center in northern Spain |
| Ikea to build new distribution center in
northern Spain Almhult, Sweden - October - Swedish home furnishings retailer Ikea plans to invest 46 million Euros (US$45 million) in a new distribution center in Tarragona, in northern Spain, according to AFX news, a subsidiary of Agence France-Presse. The center is expected open in the second half of next year and will serve as the base for Ikea’s expansion in southern Europe, including France, Portugal and Spain. The distribution center will supply Ikea's 16 stores in the region. The retailer plans to spend an additional 30 million Euro (US$29 million) by 2005 to enlarge the center so it can keep up with its store openings in the region |
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