Uzbek glassware plant to be built with 20m-euro German credit

The German company Heye-Glas will construct a glassware plant worth 23m euro for enterprises in Uzplodovoshchvinprom [Uzbek vegetable and wine industry] Holding in Yangiyul (a town in capital Tashkent Region).

The management of Uzplodovoshchvinprom have concluded a contract with the German company on the delivery and installation of processing equipment worth 23m dollars.Project will be financed from the German Bank's [Deutsche Bank's] credit of 20m euro under guarantee of the Uzbek government and from the holding's own funds.The plant fitted with new equipment will produce several dozen kinds of glassware for production of fruit and vegetable canned products, wine, vodka, for bottling beer and mineral water.The plant's capacity will be 124.7m pieces of glassware a year.

It is expected that the building of the plant will start in second half of this year and [be] finished by the end of 2003.

600450 Uzbek glassware plant to be built with 20m-euro German credit

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