Japan's AGC Flat Glass intends to build a EUR 200M factory in the Azov industrial zone (Rostov province of southern Russia). The plant will have a manufacturing capacity of 320,000/tpa. The company wishes to meet all the requirements of Russia's Southern Federal District and to export at least 30% of its output to the nearby Ukraine. The estimated pay-off period for the plant is up to 10 years. In 2008 the company plans to start the designing the factory, with construction to begin in 2009. The first phase, investments in which will reach about EUR 130M, should be put into operation in late 2010. The factory will make float glass for processing into architectural glass, double-glazing, mirrors and automobile glass. It is planned to officially announce the project at the International Economic Forum to take place in June 2008 in Saint Petersburg.
