The European Bank for Reconstruction and Development (EBRD) is providing a $3.5m (€3.3m) loan to support Turkmenistan’s first PVC profile manufacturing facility, the EBRD announced 11 Jan.
Turkmen Penjire, subsidiary of Turkmen plastic PET pre-forms manufacturer Ak Gap, expects to start production in 2017, with an annual output of 3,000 tonnes of profiles.
Presently, local companies produce PVC windows and doors but there are no domestic manufacturers of either PVC as raw material or PVC profiles.
The project, said EBRD, will help replace a sizeable share of the profiles currently imported from Turkey, Iran and China.
“This country has the ambition to produce its own polymers one day so it is crucial to support innovative domestic companies like Ak Gap who will be able to process those materials,” said Engin Goksu, EBRD Head of Turkmenistan.
To date, the EBRD has invested about €250m in Turkmenistan, mainly supporting privately-owned small and medium-sized manufacturers.