IKEA looks to Siberia for new factory

Swedish furniture giant IKEA is in talks about building a plant in the Siberian region of Tyumen. The factory in the city of Ishim would manufacture furniture parts.

IKEA plans to invest up to $US 60 million in the project.

The company also wants to develop timber cutting in the Tyumen region.

IKEA, already a big name in Russia, plans to invest $US 2 billion in the country over the next six years.