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Investment
Can plant for Chelyabinsk
Rexam Beverages Can Naro- Fominsk, a subsidiary of Britain's Rexam Plc in Moscow region, is planning to start construction on a plant to produce aluminum cans in the Argayash district of Chelyabinsk region in 2006, the regional Economic Development and Trade Ministry said in a press release.
The company had planned to start construction in 2007, the release says.
“The Economic Development and Trade Ministry of Chelyabinsk region is following construction administratively in the southern Urals. A referendum has been held in the town of Ishalino, in the Argayash district, and legislation has been agreed on to select a land plot for the plant,” the release says.
The plant, which is being built at a cost of $73 million, should be up and running in early 2008. The plant will be equipped with a line to produce 800 million cans a year with a volume of 0.33 and 0.5 liters.
Rexam is a large producer of packaging materials, including aluminum cans for beverages.
