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A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

EBRD take equity stake in Forma Ideale, Serbia

Wednesday 18 November 2009

The EBRD (European Bank for Reconstruction & Development) is making an equity investment of up to EUR 7mn in Forma Ideale.

The company is one of the leading furniture manufacturers in Serbia, the bank said in a statement today, and added that the money would support its further growth and the expansion of its export business.

The company exports a significant portion of its production to neighboring countries like Bosnia and Herzegovina, Croatia, Montenegro, FYR Macedonia and Romania.

\"With the EBRD’s support, Forma Ideale will build its first modern logistics center close to its production facility in Kragujevac, in central Serbia. The new warehouse will enable the company to consolidate its logistics operations, reduce delivery times and improve overall production efficiency,\" the statement said.

EBRD funds will also be used to strengthen Forma Ideale’s balance sheet, it was announced.

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