Ikea to set up regional distribution and supply chain centre in M’sia


Mustapa: "We are aware that congressional leaders appear not too keen to bring the bill forward during the lame duck session. The fate of the TPPA will therefore depend on whether the new US Presidency will ratify the agreement.

KUALA LUMPUR: Ikea, the Netherlands-based furniture retailer, will be setting up a regional distribution and supply chain centre for Asean in Malaysia, with an investment of RM908mil.

In adopting the structure and technology of Ikea’s biggest regional distribution centre in Germany, it would be among the top 10 largest regional distribution centres of the Ikea Group globally, the Malaysian Investment Development Authority (Mida) said in a statement on Tuesday.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , ikea , Mustapa , Mida ,

   

Next In Business News

Trading ideas: MyEG, Axis REIT, Mah Sing, Capital A, Hibiscus, Chin Hin, Carlsberg, I-Bhd
Businesses concerned about rising forex woes
Booming eCommerce bolsters consumption
Sasbadi reports record high quarterly revenue on robust sales
LME takes aim at traders’ Russian metal games with new rules
Helping more city-state F&B businesses to expand overseas
Funds raised by Singapore’s tech startups up 59% in 2023
Fernandes on board Capital A for five more years
China’s prices are too low for buyers to sweat about tariffs
UK firms told to ‘urgently review’ green claims

Others Also Read