10 June 2004 05:23
Amcor may invest 27 mln euros in Veliky Novgorod
VELIKY NOVGOROD. June 10 (Interfax) - Amcor Rentsch Novgorod, a cigarette packaging plant, plans to invest 27 million
euros in production in Veliky Novgorod, City Hall cited the mayor, Nikolai Grazhdankina, as saying.
Amcor Rentsch Novgorod opened in September 2000. Amcor Rentsch
Europa investment group put 9.7 million euros into organizing
"During the first stages, the company concentrated only on hard cigarette packets, but it now plans to produce
soft packaging for food products," the City Hall press service said. The city administration plans to transfer an
unused plot of land to the company and sell part of the unused facilities at a former fodder plant. Construction of new
production facilities will begin in August.
production. The second production line with the capacity to turn out 1.4 billion cigarette packs a year was launched
in 2001 and received investment of about 12.8 million euros. A third production line, costing 5.6 million euros and with
the capacity to produce 1.5 billion cigarette packs a year, was launched in February 2003.
Cigarette packs are produced for Philip Morris, British American Tobacco, JTI and Gallaher. [RU ASIA EUROPE EEU EMRG
WEU CORA RES RESF BEV MIS] me
[Interfax] |
RUSSIA IN FACTS
