UPDATE 1-Trakya Cam, Saint Gobain to invest $325 mln in Russia

(Changes dateline from Moscow, recasts with detail on Trakya Cam and Saint Gobain, adds details, background)

ISTANBUL, May 4 (Reuters) - Turkish glass manufacturer Trakya Cam TRKCM.IS is planning to invest a total $325 million with French partner Saint Gobain SGOB.PA to build glass manufacturing facilities in Russia, the company said on Tuesday.

Russia's office of special economic zones said on Tuesday that Sisecam SISE.IS, which owns nearly 70 percent of Trakya Cam, would be investing in Russia's Alabuga special economic zone in Tatarstan.

Turkey’s largest wood-based panel producer Kastamonu also said it would invest in the zone, saying it planned on spending $110 million to build a factory there, the office said in a statement.

Russia has invested about $1.5 billion in 16 special zones, which so far have attracted 222 investors from 18 countries.

In recent months, Russia has increased its efforts to entice business to help cut the economy’s dependence on oil, promoting the zones, which spread from Kaliningrad in the west to the Pacific port of Vladivostok [ID:nN22232124].

Trakya Cam shares were down 1.7 percent at 2.33 lira by 1152 GMT. (Reporting by Lidia Kelly and Ceyda Caglayan; Writing by Thomas Grove; Editing by David Holmes)