Why did you choose basalt and continuous basalt fiber (CBF)? After all, South Ossetia is rich not only in this raw material.
It is really so, we have a rich raw material base. After the conflict in 2008 (war conflict with Georgia) we had to restore the industry of South Ossetia, and we received a lot of proposals. Among them, we had an offer to set up a basalt fiber manufacturing facility. At that time I worked in the government so I started to study the issue, interact with companies behind these proposals.
I worked closely on this issue and after discussions, studying the product, I came to the conclusion that it is interesting. We have a lot of basalt deposits. And if there are raw materials, why not to start a fiber manufacturing facility?
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