Kimble Furniture banks on RM900m Ikea deal
May 24th, 2007EVERY time furniture giant Ikea sells an Ensta or Jokkmokk dining set in Malaysia, Datuk Kimble Yao hears cash registers ring.
One in three pine dining sets Ikea Damansara sells in its Petaling Jaya store is made in Kimble Furniture Corp Bhd’s 10-hectare factory in Bukit Rambai, Malacca.
And he is banking on the company improving profit with an impending RM900 million contract to supply the Swedish group more of such sets over the next three years.
Ikea, which owns 250 stores worldwide, is due to place purchase orders worth e200 million (RM912 million) for bedroom and dining furniture, said Yao, the company’s managing director and founder. Read more »







