KYIV. Jan 25 (Interfax-Ukraine) – Ukrainian producer of lubricants Agrinol together with East Petronics Ltd (the UAE) will build two plants for the production of oils and lubricants with a capacity of about 10,000 tonnes per year each in Latvia and Georgia, the press service of Agrinol has said.
“Participation in the project for Agrinol is to design, manufacture and install equipment, create technical regulations and organize production processes. This project is financed by foreign partners,” reads the report.
Industrial facilities will be built in Latvia (near Liepaja city) and on the basis of the former Kutaisi automobile factory in Georgia.
“The plant in Kutaisi is now at the stage of installation and commissioning of equipment, that in Liepaja is at the stage of design,” the Ukrainian company said.
The new plants will produce goods for the markets of the European Union, the Middle East and Central Asia.