September,23 (plastemart.com) -- Russia’s state run bank - Vnesheconombank, has opened a US$153 mln
credit line for Tobolsk-Polymer LLC, a subsidiary of SIBUR Holding,
Russia"s largest petrochemical company. The funds will be used to
finance the construction of a polypropylene production complex in
Tobolsk (Tyumen region) with a capacity of 500,000 tpa. Work is
expected to commence in 2010-11, while the plant is slated for
pre-commissioning work in Q2-2012.
The project is focused on improving the efficiency of Russia"s natural
resources, ecology and environmental protection. It will also provide a
boost to industries such as housing and communal services, as well as
car manufacturing.
mrcplast.com
|
|
Gazprombank (70% minus 1 share);