Russian Agricultural Bank will support brewers (2014-01-23)

Expecting a future ban on using PET containers and demand growth for a glass bottle glass factories are preparing to expand production capacities and to construct new facilities.

According to the informed circle the Managing Company “Joint Glass Plants” filed an application to the Head of OJSC “Rosselkhozbank”. This company has planned constructing of a new plant for beer and beverage bottles production in the Novosibirsk Region with an estimated cost of 6 billion rub. OJSC “Rosselkhozbank” shall give 5 billion rub. Plant capacity will be over 600 million bottles per year and new construction is planning to be finished in 2015.

By the Union estimates the main consumers shall be plants of OJSC “Baltika”, JSC “Heineken” and also regional brewers.

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