Russteklo, comprising the Sergiev Posad and Velikodvorsky glass factories, is to build a glass bottle plant in Siberia able to produce 650 million glass bottles a year. The company“s search for a sit…
Russteklo, comprising the Sergiev Posad and Velikodvorsky glass factories, is to build a glass bottle plant in Siberia able to produce 650 million glass bottles a year. The company“s search for a site is focused on Novosibirsk, Tomsk and Omsk. Investments are expected to reach EUR 100 million. In March 2006, the Sergiev Posad plant increased its annual capacity to 650 million bottles, and output may reach 850 million by the end of 2006. In May 2006, the Velikodvorsky enterprise began a EUR 20 million upgrade of its production lines, which, on completion, will increase the factory“s capacity to 240 million bottles per annum. Russteklo will have an overall production capacity of 1.7 billion glass bottles after the launch of the Siberian factory. Russteklo is not the only firm to develop in the Siberia Region: in November 2005, Anadolu Cam subsidiary Ruscam announced plans to build a factory in western Siberia, with an investment of USD 60-70 million. The factory will have an annual capacity of 650-700 million bottles.