11 February 2004 04:08
Saint-Gobain to invest in Vladimir glass fiber plant
VLADIMIR. Feb 11 (Interfax) - Saint-Gobain of France plans to invest $120 million in the reconstruction of
Steklovolokno, a glass fiber plant in Vladimir region, Vladimir Veretennikov, the regional deputy governor, said.
Saint-Gobain acquired a controlling stake in Steklovolokno from the Moscow-based investment company Russkie Investory
with the aim of setting up new production. The cost of the deal has not been disclosed.
After the deal's completion, in April 2004, Saint-Gobain and the regional administration will sign an agreement
on investment of at least $120 million. [RU ASIA EUROPE EEU EMRG CORA FR WEU CHE BLD MRT STX] me <>
[Interfax] |
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