Indorama, one of the biggest and most successful Asian companies plans a EUR 80 million investment in a PET resins factory in the Klaipeda Free Economic Zone
Published:
28 November 2003 y., Friday
Indorama, one of the biggest and most successful Asian companies plans a EUR 80 million investment in a PET resins factory in the Klaipeda Free Economic Zone (FEZ), says a tripartite Memorandum of Understanding signed between Klaipeda FEZ, Indorama and the Lithuanian Development Agency.
The construction of the factory will start in January 2004, and will be carried out in two phases, the first of which will be finished in December 2004 and the second – in December 2005.
The PET plant will be an integrated world class facility. The plant and technology is environment friendly and the group itself is committed to the protection of environment.
The PET plant will provide direct emplyment to 120 people in Lithuania and hundreds of indirect jobs to persons engaged in logistics and transport, considering that the new factory will have a container traffic of about 18,000 TEUs.
Šaltinis:
lda.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
A specific EU budget line for the new EU stabilisation mechanism should be created as soon as possible, to ensure its credibility, Council, Commission and Parliament negotiators agreed at a three-way meeting on Wednesday.
more »
New EU rule will help phone-users avoid astronomical bills for web-surfing and downloads abroad.
more »
The Communication approved today by the Commission builds on the principles presented on 12 May to reinforce the economic governance in the European Union.
more »
Eurostat report just published shows that the crisis has brought some lower taxes.
more »
New legislation is needed to ensure fair returns to farmers and transparent prices to consumers, by enforcing fair competition throughout the food supply chain, said Agriculture Committee MEPs on Monday.
more »
Fish imports play a crucial role in supplying the European market, yet fisheries and aquaculture are strategic sectors that do not lend themselves to a purely free-trade approach, believes the EP Fisheries Committee.
more »
I will support every proposal that strengthens cooperation among the European Union's Member States and serves Lithuania's interests," President of the Republic of Lithuania Dalia Grybauskaitė said at the meeting with EU Member States' ambassadors resident in Lithuania.
more »
The fourth World Lithuanian Economic Forum “High tech innovation & investment: local to global” will start in London on 22 June.
more »
Lithuania aims for the five Nordic countries and three Baltic States to become single community of values, which would be linked by a versatile quality of democracy, security and everyday life.
more »
MEPs decided on Wednesday to create a special committee to prepare for the EU's next long-term budgetary framework.
more »