2 Dec '08
Infusion solution maker Solyaris and Finnish engineering company Elomatic are to invest $120m in a plant to produce infusion solutions in Perm Region, Kommersant reported today.
Elomatic is to pay for the plant's $44m equipment, the report said. The remainder is to be financed by Solyaris with a bank loan. The bank is yet to be announced.
The plant is to be located in the village of Bershetti in the region's Perm district and employ 250 local workers, Kommersant said.
The plant's projected capacity is 10 million tons of blood substitutes a year.
Construction is to start in January 2009. The plant is to be put into operation in late 2010.