Furniture Factory

Standard AD,
Bosnia-Herzegovina
Building a modern furniture business and setting new employment standards

The Swiss based investor aquired the shareholding in a former state-owned furniture factory. He successfully renegotiated a long-term contract with international retailer IKEA and improved quality and product range, thanks to which Standard AD could broaden its manufacturing activities. Today, the plant meets modern Western standards and the company is an important employer in the region with exemplary labor conditions.

The SSF funding allowed the investor to increase his shareholding in the company and further develop the business.

Development Impact

Jobs: 295
Investment: 11600000
  • Set a high benchmark in training and education of staff
  • Environmental and sustainable production