Development Bank Allots Euro 120 Mln For Glass Factory Construction

Date: 7 March 2007

The glass manufacturing works is purposed to create the national glass industry, satisfy the construction industry needs, achieve multiplicative effect for the development of other sectors, the Bank’s press service informs.

Participation of the strategic partner as England’s Pilkington plc in the project will let turn out the competitive products, meeting the world standards.To date a group of Pilkington companies produce more than 15% of the world total of the sheet glass.

The overall value of the glass works construction Pilkington KZ TOO makes Euro 185 300 000. The Kazakhstan Development Bank will allocate Euro 120 300 000 or 65% of the project cost. Besides, the Kazakh Investment Fund is taking an active part in the project as well.

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2007-03-07T12:00:00

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