11 January 2018
New general contractor is chosen for the construction of a textile grade PET production plant

JSC POLYESTER PLANT IVANOVO has completed the procedure for selecting a new general contractor for the construction of a textile grade PET production plant in the Ivanovo region.

The contract for the detailed engineering, construction and installation works, commissioning and supply of U&O was concluded in November 2017 with the design and construction company UNIS, a.s. (Czech Republic).

At the moment Vnesheconombank is carrying out a standard procedure for project update, due to the timing of its implementation and changing of the key participant, and agreeing on the candidacy of UNIS, a.s. as general contractor.

The contract for the supply of technology and know-how (polymer synthesis and production of staple fiber by melt direct spinning), the main process equipment, engineering, supervision and technical services, concluded in December 2016 between JSC POLYESTER PLANT IVANOVO and the general supplier Uhde Inventa -Fischer GmbH, Germany, which is part of ThyssenKrupp Industrial Solutions AG, has not changed and remains in force, including all the warranty.

The structure of the project financing, previously agreed upon by Vnesheconombank, has remained the same: funding of German and Czech banks with insurance of German and Czech Republic export insurance agencies.

The company UNIS a.s. was established in 1990. A majority of activities is the e implementation of projects in the field of capital construction, focused on the processing of oil and natural gas, petrochemical, chemical and energy, including those successfully completed in Russia and CIS countries. The protection of the environment is one of the priorities of the company.

The company’s services include support of domestic and foreign customers for export financing through Czech commercial banks and state insurance company EGAP.