The Russian petrochemical group Salavatnefteorgsintez will increase the production of LDPE. The company is therefore currently working on a new plant to be completed by the end of 2013. This is the current annual production capacity increased by 66 percent to 200,000 tons, reports the international plastics portal eplastics.

"We have the necessary financial resources and credit for this investment," said the Director-General Damir Szawalejew. The total cost for this investment, which extends over five years amount, reported to 100 billion rubles (2.4 billion euros).

To the Group's products include styrene, which is used in the manufacture of packaging plastics. Similarly, the Russians produce ethylene, which is a basis in the production of PVC. Corporate gifts, according Salavatnefteorgsintez is one of the largest petrochemical companies in Russia.

Source : plasticker.de