The plant, with a capacity of 154,000 tpa, will be aimed at PET bottle production

MG Technologies’ subsidiary Zimmer has won a E40m contract to build a Russian polyester plant for Austrian investment group Petrochemical Holding.

The plant will produce 154,000 tpa of polyester chips for PET bottles, and will be located in Dzerzhinsk, near Nizhny Novgorod, according to MG. Zimmer is supplying technology, engineering facilities and equipment and is responsible for supervising the plant’s assembly and commissioning – scheduled for the second half of 2006.

“This contract will enable Zimmer to further extend its strong position in the field of PET plants in the rapidly growing eastern European market,” said Klaus Moll, responsible for plant engineering on the MG management board. “Once this plant has been completed, over half a million tonnes of PET chips per year will be produced with Zimmer's technology in eastern Europe.”

Zimmer previously won contracts from Petrochemical Holding to build two PET plants in Lithuania (PRW.com 8 April 2004). The plants are due to come onstream in 2005.