Russian bottle plant steps up production

- Last updated on GMT

Related tags: Finance

Turkish glass producer Anadolu Cam has announced an investment
programme in its Ruscam glass bottle plant in Vladimir, western
Russia, which aims to boost production to one billion bottles a
year.

Turkish glass producer Anadolu Cam has announced an investment programme in its Ruscam glass bottle plant in Vladimir, western Russia, which aims to boost production to one billion bottles a year.

At present the plant, which opened in June this year, has an annual production target of 300 million bottles. For the first 50 days of production, the plant has also reported a turnover of $2.5 million (€2.6m).

Anadolu Cam will invest in two additional ovens to increase annual production at the plant. The production will be stepped up in two increments, the first to 700 million and secondly to the full production ambition of one billion.

Capital investment for the Ruscam project so far totals around €26 million, and around half of the money has been financed by the World Bank's International Finance Corporation.

Currently Anadolu Cam holds a controlling 51 per cent of the shares in Ruscam and foreign partners hold the remainder.

Related topics: Smart Packaging

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