MOSCOW (MRC) -- The company Inotex (Uzlovaya) will build a new plant for the production of nonwovens with a capacity of 13,000 tonnes of finished products per year in the Tula region, said Interfax.
Nonwovens under the VetLace brand are made from an environmentally friendly blend of cellulose and viscose, according to a press release from the FRP.
It is noted that the product serves as a raw material for the production of hygiene products. The new production will meet modern environmental standards: a closed circulation of water and solvents for cellulose, a high level of air purification and a low noise level in production premises.
The project became possible, among other things, thanks to a loan from the Industrial Development Fund (VEB.RF Group) in the amount of RUB 499 million. according to the flagship program of the FRP "Development Projects".
In total, the FRP expert council approved 8 loans for the implementation of projects in the Kirov, Orenburg, Sverdlovsk, Tula regions and the Perm Territory. The amount of loans from the IDF will exceed 1.3 billion rubles, and the total budget for the implementation of projects - Rb3.9 bn.
As per MRC, IRPC Public Company Limited (IRPC) approved an investment in Innopolymed Company Limited to be jointly held by the company and Innobic (Asia) Company Limited, a subsidiary of PTT Public Company Limited (PTT). IRPC and Innobic (Asia) Company Limited will hold the shares equivalent to 60% and 40%, respectively. The registered capital will be 260 million baht.
According to MRC's ScanPlast report, PP shipments to the Russian market totalled 410,890 tonnes in January-March 2021, up by 56% year on year. Supply of homopolymer PP and PP block copolymers increased.
MRC