IKEA Industry Group, which acquired the Velikiy Novgorod plant for the production of furniture panels in 2012, plans to build a furniture factory in the region, said IKEA Industry Group CEO Leif Hultman. Russia is one of the fastest-growing markets for the IKEA Group. Today, the IKEA Group has 14 mega shopping centers and 14 IKEA stores in Russia, with 235 million visitors per year.