Basalt fiber plant to be launched In Karachay-Cherkess Republic

The plant is also going to turn out products specifically designed for construction and road building industries, namely: exterior and interior insulation, reusable formwork, reinforcement grids and protective clothing.

Carrying out expert evaluations and updating business plans and feasibility studies of investment projects for the production of continuous basalt fiber, staple fiber and basalt composite products.

According to the representatives of a project investor, LLC “Kubanskoye”, when the production starts at full capacity, the product range will be extended. At present, basalt-based products are commonly used in aviation, machinery, petrochemical and other industries, so the manufacturers will have options to consider before launching new products.

The beginning of 2016 saw the purchase of a basalt quarry in Karachayevsky District with the purpose to mine raw materials on-site. The entrepreneurs started to develop a project, invested in the geological research, and other works of the preparation phase.

The project is supported by the authorities of Karachay-Cherkess Republic, who pledged to help with the road approach and to give priority to the investment project within the scope of current Republican legislation.

Source: «INFOLine»

Industries: Construction, Finance & Investment

Terms: Investment, Investor

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