PECHINEY SIGNS LETTERS OF INTENT WITH SOVIET UNION

  Pechiney &lt;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.
  

