Related Keywords: approximately twenty five billion rubles, modern integrated plant, preparatory procedures are underway, producing textile, Russia, set up first polyethylene terephthalate complex, synthetic fiber and yarn, total amount of investments, town of Vichug located in the Ivanov region
Russia to set up its first polyethylene terephthalate complex producing textile in the town of Vichug located in the Ivanov region. A total amount of investments in the project amounts to approximately 25 billion rubles ($419 million).
At present, preparatory procedures are underway, while construction of the complex itself is planned to start in summer.
Pavel Konkov, Governor of the Ivanov region said that the modern integrated plant will be capable to release almost 200,000 tons of synthetic fiber and yarn per year,
