China To Build Glass-Works In Ashgabat

The Ministry of construction and construction materials industry of Turkmenistan and the consortium of Chinese companies Capital-Lonqji Sci-Tech Co., Ltd and SINOMASCH signed a contract on the turnkey construction of a glass-works in Ashgabat.

As the's correspondent reports from Ashgabat with reference to the State News Service (TDH), the total cost of the project is US $ 67,38 million.

The facility should be commissioned in February 2009. China's Export-Import Bank will issue a soft credit to finance the project.

The new plant will be erected near the bypass road in the northern part of Ashgabat. Built by the Chinese partners, it will become the largest plant in the region. The plant will be fitted with modern equipment and will use latest technologies. It will mainly use locally produced raw materials.

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600450 China To Build Glass-Works In Ashgabat
Date: 2 February 2007

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