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Vinap to build glass plant in Russia

Vinap (Novosibirsk, Russia), a leading Siberian alcohol producer, plans to build a glass plant in Novosibirsk with a capacity of 300 million bottles a year.
The cost of the project is estimated at US…

Vinap (Novosibirsk, Russia), a leading Siberian alcohol producer, plans to build a glass plant in Novosibirsk with a capacity of 300 million bottles a year. The cost of the project is estimated at US$ 70 million, the first stage will cost US$ 40 million. The company is negotiating the participation of Alfa-Bank. With the opening of full capacity the plant will be able to supply Novosibirsk“s glass bottle demand. At the moment Novosibirsk producers buy from outside the region.

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