Asahi Glass unit to build glass-sheet plant near Moscow

Glaverbel S.A., a Belgian glassmaker owned wholly by Japan's Asahi Glass Co, plans to build a large glass-sheet plant in the suburbs northeast of Moscow, with funding support from a Japanese governmental bank, sources close to the plan said Thursday.

The Japan Bank for International Cooperation (JBIC) will provide a loan worth $108 million (about 12 billion yen) for the glassmaker, making it one of the largest fundings by the JBIC for a Russian project. (Kyodo News)Glaverbel S.A., a Belgian glassmaker owned wholly by Japan's Asahi Glass Co, plans to build a large glass-sheet plant in the suburbs northeast of Moscow, with funding support from a Japanese governmental bank, sources close to the plan said Thursday.

The Japan Bank for International Cooperation (JBIC) will provide a loan worth $108 million (about 12 billion yen) for the glassmaker, making it one of the largest fundings by the JBIC for a Russian project. (Kyodo News)

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