Brief: Illa Spa Board To Hold Urgent Meeting Regarding Impact Of Ikea Policy Change

I.l.l.a. S.p.a

15/05/2019 08:50

May 15 (Reuters) - Illa  ILLA.MI :
    * ITS LARGEST CUSTOMER IKEA ANNOUNCED A SIGNIFICANT CHANGE
IN ITS
PRODUCT AND COMMERCIAL POLICY
    * STARTING FROM APRIL 2020 IKEA TO REPLACE CURRENT
"NON-STICK
ALUMINIUM" LINES PRODUCED BY ILLA SPA FOR IKEA, COMBINING THEM
IN A SINGLE LINE COORDINATED WITH ITS SIMILAR PRODUCTS
    * VARIOUS EUROPEAN SUPPLIERS, INCLUDING ILLA, AND ASIANS
WILL BE
INVITED BY IKEA IN THE COMING WEEKS TO QUOTE THEIR BID FOR THE
ASSIGNMENT OF THE NEW LINE THAT FROM 2020 WILL REPLACE ALL THE
PREVIOUS ONES THAT WERE PRODUCED TO DATE ALSO BY ILLA
    * BOARD WILL MEET URGENTLY DURING THE WEEK TO ASSESS
ORGANIZATIONAL AND ECONOMIC IMPACT OF IKEA'S DECISION TO REPLACE
THE LINES EXISTING ON ILLA PRODUCTION

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIAKkNln
    
 Further company coverage:  ILLA.MI  
   


 (Перевела Анна Ржевкина)
 ((anna.rzhevkina@tr.com; +48 58 7720790;))