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Salavatsteklo: EUR 54 million workshop rebuild

Russia“s JSC Salavatsteklo is planning to invest EUR 54 million to rebuild its flat glass workshop, the company said.
The company anticipates that the workshop reconstruction will increase flat glas…

Russia“s JSC Salavatsteklo is planning to invest EUR 54 million to rebuild its flat glass workshop, the company said. The company anticipates that the workshop reconstruction will increase flat glass production from 420 tons to 600 tons per day. To finance the project Salavatsteklo plans to use its own funds, as well as funds from a RUR 750 million bond placement and a three-year EUR 23.457 million loan facility by the International Moscow Bank.

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