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
The EBRD is increasing the availability of financing to the real economy in Hungary, with a €50 million credit line to CIB Bank, including at least €10 million equivalent denominated in Hungarian Forint.
more »
At the end of March 2010, AB Bank SNORAS deposit portfolio exceeded LTL 5 billion, of which over LTL 3 billion are household deposits.
more »
In affirmation of Vietnam’s remarkable progress towards Middle Income Country status, the World Bank Board of Directors today approved a second loan for Vietnam from the International Bank of Reconstruction and Development (IBRD).
more »
The World Bank today approved a EUR26 million loan to the Republic of Croatia aimed at further improving the efficiency of Croatia’s justice system − a necessary process in Croatia’s path towards successful European Union accession.
more »
The ACP-EU Joint Parliamentary Assembly asked the European Commission to help EU and ACP banana producers adapt to the new EU-Latin America trade agreement, which is expected to put an end to fifteen years of “banana wars” between the two continents, but has raised concerns for the livelihood of some regions' producers.
more »
As seventeen of Africa’s 53 nations celebrate 50 years of independence in 2010, Africa’s “golden moment has come” and investors around the globe must look to the continent often painted only as risk-prone if they are to capitalize on business opportunities.
more »
During the ordinary general shareholders’ meeting of AB Bank SNORAS, which took place on 31st March 2010, the bank’s profit distribution was approved.
more »
The EU is the world's largest economy, with enough international clout to return to "real capitalism" rather than resign itself to an alien "financial capitalism", concluded MEPs and experts at a public hearing held on Thursday by Parliament's special committee on the crisis.
more »
Food quality and labelling are likely to be key issues when the Common Agriculture Policy is overhauled in the coming years.
more »
The European Investment Bank (EIB) is lending EUR 250 million to Russian company Enel OGK-5 to finance the upgrading of a gas fired power plant located in Nevinnomyssk, South Russia.
more »