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.

A few months ago we reported that Hanvon is working on an e-reader with a color E Ink display. It was said to launch by the end of 2010. Now we hear that Hanvon has delayed the reader to March 2011. It will have a large display (10"), launch in China only (at least initially) and will cost around $440. This will most likely be the first color E Ink product...