MOSCOW (MRC) -- Thyssenkrupp Industrial Solutions, a partner for the engineering, construction and service of industrial plants and systems, has signed an agreement with the Russian jointstock company Polyester Plant Ivanovo to build a new PET polymer and staple fibre production plant, said Hydrocarbonprocessing.
The facility with an annual production capacity of up to 200,000 tons of polyester polymer will be built in the Ivanovo region, roughly 250 km northeast of Moscow.
The contract awarded to thyssenkrupp is worth around EUR150 million and includes engineering, procurement and the supervision of erection and commissioning.
"We have a proven track record of providing our customers in Russia with leading polycondensation technologies and equipment," Sami Pelkonen, CEO of the Electrolysis & Polymers Technologies business unit of thyssenkrupp Industrial Solutions said. "Commencing with the basic engineering we utilized our experience from numerous successfully realized orders in the country to create a solid foundation for this project."
"The key to success in this new project was not only our best-in-class technology, but also the ongoing intensive contact with our customer in order to identify their needs," said Werner Steinauer, CEO of Uhde-Inventa Fischer, a subsidiary of thyssenkrupp Industrial Solutions.
Uhde-Inventa Fischer has constructed more than 450 polymer plants worldwide, including several projects in Russia.
The new PET production plant will be the centerpiece of a production complex for synthetic fibres. As a subcontractor to thyssenkrupp, Oerlikon Neumag will be responsible for the delivery of three staple fibre production lines.