Gomelsteklo attracts foreign investments to launch new production

Date: 20 November 2008
Source: Belta.by

Date: 20 November 2008

At Belarus Investment Forum in London, OAO Gomelsteklo is presenting a project on the setting up of a production of sheet polished glass, BelTA learnt from Anna Kontrova, the head of the foreign and economic activity department of the Belarusian Ministry of Construction and Architecture.





According to her, the new production facility will produce 1.5-3mm and 8-19mm sheet polished glass and also tinted glass. “The cost of the project is $64 million. To carry out the project we would like to attract foreign investors and loans,” Anna Kontrova said.



The new production will use the up-to-date foreign developments dealing with the production of sheet glass. It will become one of the most up-to-date sheet glass production in the post-Soviet area, specialists note.



OAO Gomelsteklo is the biggest European manufacturer of hardened glass. The company makes polished glass, double glass, hardened glass and cellular glass. Gomelsteklo produces more than 18 million square metres of sheet polished glass a year. The company exports about 70% of its products to 25 countries. Gomelsteklo employs 3.6 thousand professionals.
600450 Gomelsteklo attracts foreign investments to launch new production glassonweb.com

See more news about:

Others also read

MORE...

Isover opens international competition
Insulation giant Saint-Gobain Isover is inviting submissions for its 2009 international architectural student competition which has prize money totalling €6,500 at stake.
Slovakia: Vetropack launches new glass cullet line
On 11 December 2008 the only producer of glass packaging in Slovakia, Vetropack Nemsova, a subsidiary of Vetropack Holding of Switzerland, launched a new automated line for sorting glass cullet, worth SKK 170mn (EUR 5.61mn USD 7.51mn).
Glass manufacturer temporarily shuts down
Saint-Gobain Containers shut down its second furnace Monday in the second phase of a temporary layoff at the glass plant as a result of economic pressures.
Glass maker celebrates as sales increase by 93%
Specialist  glass manufacturer Romag has marked the end of a year of growth and expansion by revealing profits have risen by more than a third.
Polidesign
Nuova Oxidal in cooperation with Politecnico di Milano and Texs consortium is organizing a specialization course for project, furnishing and building up of temporary spaces.
Negative currency effects will reduce the 2008 consolidated income statement
As a result of the extreme devaluation of the Ukrainian hryvnia (UAH) against the US dollar, the Vetropack Group has adjusted downwards its expectations for the current 2008 financial year.

Add new comment