Article: INDIA: Construction contract award for planned 40,000 metric ton per year polyester staple fiber plant, ZIMMER AG [Germany] - Order #: 013403.

PROJECT OVERVIEW:

The local RELIANCE INDUSTRIES LTD. (RIL) is currently gearing-up to build a new polyester staple fiber plant at Hazira, India. In so doing, the company recently awarded the construction contract to Germany-based ZIMMER AG.

According to the terms of the award, ZIMMER will be responsible for building a factory with an installed production capacity of 40,000 metric tons per year. In so doing, the German company will supply: - The needed technology; - Basic engineering; - Equipment; - Construction supervision and commissioning services.

The project, of undisclosed cost, is scheduled for completion by the year 2004/2005.

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