THE EUROPEAN Commission has approved the payment by the Spanish government of subsidies of Euro 152 million to General Electric Plastics SL to set up a new polycarbonate factory in Cartagena. The new plant will cost Euro 630 million in total. Production of polycarbonate resins is to start in 2002. GE is to market this tough, dimensionally stable, transparent thermoplastic in the CD, DVD, CD-R, DVD-R, mobile telecommunications and computers sectors.

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