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Investors from China to build a unique plant in Kabardino-Balkaria

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Investors from China to build a unique plant in Kabardino-Balkaria

Kabardino-Balkaria authorities have prepared a master agreement with the Etana company and Chinese state corporations on the construction of a plant for polyethylene terephthalate production.

As Construction.RU has been told today by the regional press office, the agreement is to be signed in China in September.

In December, 2015, the regional government, Etana’s representatives and the leaders of Chinese state corporations signed an agreement on the creation of an industrial cluster in the Republic of Kabardino-Balkaria (the Northern Caucasus).

The parties have already discussed the cost of the investment project. It includes the plants for PETF, terephthalic and acetic acids production, as well as the complex for the production of bottled pure water and transport logistics structures.

The master agreement on cooperation will be signed at the G 20 summit meeting in Hangzhou (China) on September, 4-5.

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