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(Plastics News) -- An international
financial firm has invested almost ˆ54m with Solvay to fund a major PVC plant in
Russia.
The European Bank for Reconstruction and Development approved the
investment 21 July, along with an 11-year loan of ˆ150m to RusVinyl, a Solvay
joint venture that’s building the plant in Kstovo. Solvay’s SolVin Holding
Nederland unit owns a 50% stake in RusVinyl.
When completed, the plant will have annual capacity of more than 700 million
pounds of PVC and almost 500 million pounds of caustic soda. The plant is
expected to create almost 700 jobs.
mrcplast.com |
