back to top
My wish lists
Save your wish list
If you want to add more content to your wish list, simply log in. If you do not have a user account, please register for the Hanser Customer Center.

» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.
Your wish lists
If you want to use your wish list during your next visit, simply log in. If you do not have a user account, please register for the Hanser Customer Center.
» Do you already have a user account? Please log in here.
» Don't have a user account yet? Please register here.

« Back

Your advantages at a glance

  • One login for all Hanser portals
  • Individual home page for faster access to preferred content
  • Exclusive access to selected content
  • Personal wish lists on all portals
  • Central management of your personal information and newsletter subscriptions

Register now
Deutsch
Bookmark Bookmarked
06-21-2017

VEB and Polyester Plant Ivanovo Sign Loan Agreement

Vnesheconombank and Polyester Plant Ivanovo, JSC concluded a loan agreement for the construction of the textile grade polyethylene terephthalate production plant in Vichuga City, Ivanovo Region, Rusia. The total project value is 25 billion rubles, of which Vnesheconombank will commit 19 billion. The funds will be provided for a term of up to 13 years. The synthetic fiber manufacturing complex is the largest project in the Ivanovo region that is of strategic importance for the Russian textile industry, and it will benefit from the public-private partnership.

The project involves the construction of an integrated manufacturing plant with a capacity of up to 175,000 tons per year of polyester staple fiber and up to 30 thousand tons per year of textile grade PET chips. The goal of the project is to establish local content in the production of high-quality polymeric fiber and to provide substitution for imported raw materials for the processing and textile industries in Russia; to set up process chains for the production of industrial textile for the growing domestic market; to ensure the desired transition towards innovative development in the textile industry through the progressive overcoming of raw material imbalances; and to develop the export potential of the Russian Federation.

The project will be financed by approximately EUR 280,000,000 raised by VEB from European banks against the security provided by European export insurance agencies. Additional financing will come from the project initiator, Polyester Plant Ivanovo, JSC, who will invest over 5 billion rubles of its own capital.

Newsletter

Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?

Subscribe here

Subscribe here

Job Advertisements

Looking for a new challenge? Check out our jobs market!

Job Advertisements

Patents Stimulate Innovation

Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.

Patents