NSG Group Announces Major Expansion of its Float Glass Business in Russia

The NSG Group has announced plans to expand its float glass business in Russia.The first part of the expansion project relates to the merger of Pilkington Glass LLC’s float glass business in Ramenskoye, near Moskow, with the STiS Group of Companies, a manufacturer of insulating glass units with operations across Russia.

Concurrently, the Russian Corp. of Nanotechnologies (RUSNANO) and the European Bank for Reconstruction and Development (EBRD) also will invest in the merged business, according to NSG. These funds will finance the construction of a new float line at the site of the NSG Group’s current float line in Ramenskoye. The new investment from EBRD and RUSNANO also will enable the installation of new coating facilities in Ramenskoye, capable of manufacturing low-E products for Russia.

600450 NSG Group Announces Major Expansion of its Float Glass Business in Russia glassonweb.com
Date: 8 December 2011
Source: www.nsg.com

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