01 September 2008 11:46 [Source: ICIS news]
MOSCOW (ICIS news)--Russia's AK Bars Bank and Korea's KP Chemical signed a deal to create a joint venture, AK Bars Holdings, to build a PET plant with a capacity of 300,000 tonnes/year, the Tatarstan regional government said in a statement on Monday.
The new PET production facility, to be based in Alabuga in Russia's central Tatarstan region, would require an investment of €100m ($147m), the statement said.
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