Russia: Sino-Russo float plant project to start August 2006

Building work on the joint Chinese-Russian project for a float glass plant at the site of the Vostok-Tver plant in the Firov district of Russia“s Tver region will begin in summer 2006. The Chinese pa…

Building work on the joint Chinese-Russian project for a float glass plant at the site of the Vostok-Tver plant in the Firov district of Russia“s Tver region will begin in summer 2006. The Chinese party will carry out the construction and installation of equipment. The project has attracted investments of USD 80 million from both the Russians and the Chinese. Construction work will begin in August-September 2006 and is scheduled to last 18 months. The pay back period for the project is four to five years.