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Home / Bioethanol / News PAVA Looks for E500 Mln to Build Three Grain Processing Plants in RussiaNovecon Russia's flour and mixed fodder producer PAVA (former Bread of Altai) is to invest more than E500 million in the construction of a new grain processing plant and overhaul of its existing flour mills in Rebrikha and Achinsk. According to the company's strategic plan, an annual production capacity of the new and upgraded plants is to exceed 2.0 million tonnes of wheat by 2015. The enterprises will produce wheat germ oil, dry wheat gluten, bioethanol, high-protein fodder and carbonic acid. Analysts say financial backing for the project will partly come from an SPO, scheduled for late 2007 or early 2008 in Russia and London. In March 2005, the company held an IPO on the LSE to raise $8.0 million for 10% of shares. RBC DAILY
Date: 24.09.2007 Leave your comment
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