Update: The investment will total $700 million (!), and the new plant will go online in 2013/2014.

Russia's RUSNANO (Russian Corporation of Nanotechnologies) announced a 'major' investment in Plastic Logic. Plastic Logic will create their second volume production facility (for next-generation plastic displays) in Russia. Those displays are based on E Ink, and are thin, lightweight and flexible.

Interestingly, Plastic Logic says that those displays will be used in Plastic Logic's first consumer electronics product, a next-generation electronic reader for business that is currently under development. The Que E-reader was canceled back in August, so it's good to know they are working on a new reader.

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