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Swedwood North American Plans Expansion in Virginia

Swedwood North America (Ringgold, Virginia) is currently planning a second expansion of the company's wooden furniture manufacturing plant in Ringgold, Virginia.

Released Friday, May 28, 2010

Swedwood North American Plans Expansion in Virginia

Researched by Industrial Info Resources (Sugar Land, Texas)--Swedwood North America (Ringgold, Virginia) is currently planning a second expansion of the company's wooden furniture manufacturing plant in Ringgold, Virginia.

As part of a four-phase expansion since the plant opened in 2008, Swedwood will expand the existing 930,000-square-foot plant, which is located on a 209-acre site, by constructing a 400,000-square-foot building addition, along with the installation of supporting equipment. The expansion will increase the plant's capacity and manufacturing operations. A general contractor will be selected in June, and construction is anticipated to begin in July of this year. Overall completion is scheduled for the spring of 2011.

Swedwood Group, headquartered in Ängelholm, Sweden, is an industrial group of IKEA, which was founded in 1943 in Sweden. The company's primary purpose is to ensuring production for IKEA. Swedwood establishes and operates sawmills, as well as component- and furniture-production units. The company currently has approximately 50 units and offices in 12 countries, located in three continents.

IKEA (Delft, Netherlands) is a privately held, international home products retailer that sells flat-pack furniture, accessories, and bathroom and kitchen items in retail stores around the world. IKEA serves areas worldwide, and as of 2008, the company had 127,800 employees.

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Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
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