BBRT Approves 5M Euro for Glass Plant in Azerbaijan

Date: 19 August 2005
Source: Usacc.org

Date: 19 August 2005

The Black Sea Bank for Reconstruction and Trade announced on the approval of credits for equipment of the Glass plant in Azerbaijan.

The BBRT presented 5m loan for 5 years for purchase of equipment for glass plant in Baku. The loan was given to the International Bank of Azerbaijan for further crediting a private company Caspian Management Systems LTD, which privatized the enterprise.

The estimated value of the project on equipment of the plant is 15.4m euros and it will provide to open 100 new jobs. After the upgrade the enterprise will produce 100 million bottles and glasses a year and enable to refuse from import of expensive glass bottles.

The plant located in Garadagh district of Baku.
600450 BBRT Approves 5M Euro for Glass Plant in Azerbaijan glassonweb.com

See more news about:

Others also read

MORE...

Emirates Glass wins major supply contract for Palm Jumeirah
Emirates Glass, a Dubai Investment subsidiary, has won a major contract to supply 140,000 square meters of its premium glass to the prestigious development on the Palm Jumeirah, reaffirming its already established reputation as the single most prominent company in the entire regional glass industry.The deal was announced during the company's participation in the prestigious Big 5 show, the largest annual venue for the entire Middle-East glass contracting industry.
Rexam, buyout firms to bid for Calmar-sources
Packagers such as the UK's Rexam and private equity firms are set to vie for pump-sprayer business Calmar, which France's Saint-Gobain (SGOB.
ISRA Receives Major Display Glass Inspection Order
Isra Vision Systems AG supplier of machine vision systems, has successfully improved its market position in display glass inspection with a major order totalling 1.8 Mio Euro.
Company to close lime plant in Carey next month
The National Lime & Stone Co. will discontinue production of calcined lime early next month at its Carey plant, the company CEO announced Thursday.
China glass import a cheaper option for Amritsar firm
Jain Scientific Glass Works, manufacturers of glassware for laboratories, is importing glass as raw material from China, which was much cheaper than the local product and abundantly available.
Asahi Glass, Oracle, TDK, Seven & I: Japanese Equity Movers
The following stocks are moving in Japanese markets today. Prices are as of 12:55 p.m. at the Tokyo Stock Exchange. Stock symbols are in parentheses after company names.

Add new comment