The Experimental Glass Factory is a major Russian manufacturer of glassware for the beverage, food and fragrance industry. The European Bank for Reconstruction and Development (EBRD) Ltd. announced it will provide the "Experimental Glass Factory" (NEOs), located in the town of Gus Crystal Vladimir region, EUR 25M credit, according to a financial organization. The raised funds will be spent on modernization, increasing production, expanding products, as well as the implementation of new energy efficiency programmes. The total project cost is estimated at EUR 54M. In October 2011, French-based ARC International acquired a 75% share of "Experimental Glass Factory" to create a joint venture to produce glass. ARC International is the leader in sales of glass tableware products in Russia and CIS countries and holds 32% of the market. The Group operates in the catering, hotel and restaurant business markets under the brands: Luminarc, Arcoroc, Cristal d'Arques Paris, Chef & Sommelier.
