Turkish company Anadolu Cam Sanayii A.S., a part of Turkish glass manufacturing group Sisecam, reportedly plans to invest about EUR 70 million in the upgrade of a bottle production plant in Ruscam-Kir…
Turkish company Anadolu Cam Sanayii A.S., a part of Turkish glass manufacturing group Sisecam, reportedly plans to invest about EUR 70 million in the upgrade of a bottle production plant in Ruscam-Kirishi in Russia“s Leningrad Region it bought in 2008. The company and the regional government signed a memorandum on the upgrade on 29 July 2009. The plans involve the upgrade of two bottle production lines, with the launch of the first line scheduled for mid-2010, followed by the launch of the second line in late 2011. The upgrade will be financed by loans from Societe Generale, ING Bank and the European Bank for Reconstruction and Development.