EBRD IN RUSSIA GLASS CONTAINER INVESTMENT
March 1st, 2007
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development is planning a Euro 40 million loan to the Turkish-owned SiseCam group, aiding its further expansion in the Russian glass beverage container sector. This will help fund the construction of a plant near Ufa, central Russia, to be run by Ruscam-Ufa LLC, a subsidiary of SiseCam's Anadolu Cam, the largest producer of food and beverage containers in Turkey. A bank memorandum said the project would "provide the Russian market with greater choice and better quality of food and beverage packaging on a ...
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