The NSG Group recently announced it has today signed agreements concerning the future expansion of its float glass business in Russia. The first part of the expansion project relates to the merger of Pilkington Glass LLC with the STiS Group of Companies. Pilkington Glass currently operates a float glass production line in Ramenskoye, near Moscow. The merged business will reportedly be the only integrated flat glass business in Russia combining float glass manufacturing facilities with nationwide downstream processing activities.
Concurrently, the Russian Corporation of Nanotechnologies (RUSNANO) and the European Bank for Reconstruction and Development (EBRD) will also reportedly invest in the merged business. These funds are intended to finance the construction of a new float line at the site of the NSG Group’s current float line in Ramenskoye, Russia. The new investment from EBRD and RUSNANO will also enable the installation of new coating facilities in Ramenskoye that are capable of manufacturing low-emissivity, energy-saving products to supply the growing market for energy-efficient glazings in Russia.
For more information, visit www.nsg.com