PECHINEY SIGNS LETTERS OF INTENT WITH SOVIET UNION
Pechiney <PUKG.PA> said it signed two
letters of intent with the Soviet Union covering the setting up
of packaging and packaging materials joint ventures.
    It said one proposed venture would produce  aluminium
packaging for food and cosmetics. The other envisaged Pechiney
putting together a consortium of  European partners to set up a
packaging and equipment manufacturing unit in the Soviet Union.
    A Pechiney spokesman said two working groups would prepare
detailed projects over the next three months. He said it was
too soon to estimate the financial value of the two ventures.
 REUTER
