Bosnia-Herzegovina – Furniture Factory

(repaid)

Standard AD

Projectdescription

The investor from Switzerland took over the majority shareholding in a former state-owned furniture factory. Through renegotiating of long-term contract work for an international retailer, IKEA, as well as quality and product range adjustments, Standard AD could broaden its manufacturing activities. The SSF funding allowed the investor to increase his contribution.

Today, the plant meets modern Western standards and employs 400 persons at the factory. The labor conditions for employees and environmental protection norms are periodically monitored by IKEA.