Heye-Glas Wins Contract For New Glass Container Plant In Uzbekistan

Germany's Heye-Glas will deliver and install glass container processing equipment for a value of 23M Euros for a new facility to be built in Uzbekistan. The project will be financed from a 20M Euro credit from Germany's Deutsche Bank under guarantees from the Uzbek government and from Uzbek Holdings own funds. Construction work is expected to start in the second half of this year and be completed by the end of 2003 with the plant producing about 125m containers per year for the local fruit and vegetable processors and for the wine, vodka, beer and mineral water bottlers. (whole item)