EBRD PLANS BOOST FOR RUSSIA GLASS CONTAINER PRODUCTION
January 1st, 2008
BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction & Development (EBRD) is planning to lend Russia's SiseCam group Euro 37.5 million and invest Euro 15 million to help expand its Russian glass beverage container production. The money should help build a new glass bottling plant with an initial annual capacity of 140,000 tonnes, near Krasnodar, southern Russia. This funding would later help SiseCam build a second furnace at the plant, bringing annual production to 280,000 tonnes. An EBRD memorandum has stressed that the Black Sea and Caucasus regions of ...
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