Seversk Glass in Samus, Tomsk region (western Siberia, central Russia) plans to launch a glass packaging factory with a planned capacity of 300 million bottles a year in the 3Q of 2004, the company sa…
Seversk Glass in Samus, Tomsk region (western Siberia, central Russia) plans to launch a glass packaging factory with a planned capacity of 300 million bottles a year in the 3Q of 2004, the company said. Construction of the bottle factory began in 2000 and Seversk Glass has invested RUR 78 million (USD 2.68 million) in the project since then. The company has begun installing equipment at the factory. The new plant will be the largest bottle factory east of the Urals and will be able to completely fulfill demand for the product in Siberia and the Far East. Existing production can only service 20% of the demand for glass bottles, a source at Seversk Glass said, adding that the company plans to export part of its production to Kazakhstan. Seversk Glass is owned by Novosibirsk Tin Combine (NOK), which guaranteed a five-year bank loan worth RUR 385 million (USD 13.22 million) at the end of March 2004 so that Seversk Glass could finish construction of the bottle factory.