Sun-steklorovinga is to invest RUB 2.2 billion in the construction of a plant for the production of glass in the special economic zone ‘Titanium Valley’. And thanks to the competitive advantage and costs produced in glass fiber rovings, Russia will have a high export potential.
Sun-steklorovinga has announced that it will be a new resident of special economic zone ‘Titanium Valley’. The company will invest RUB 2.2 billion in the construction of a plant for the production of glass, according to the department of information policy governor of Sverdlovsk region.
“The volume of products produced in Russia, to date, does not cover the needs of the domestic market. Therefore, domestic demand is guaranteed. And thanks to the competitive advantage and costs produced in glass fiber rovings, Russia will have a high export potential,” said director of the BC-steklorovinga Larisa Baturina.
General Director of ‘Titanium Valley’ Artemy Kyzlasov said that this plant for the production of fiberglass will be part of the production chain. “One resident, Praksayr Titanium Valley, is a supplier of industrial gases for production. And the other – the company Stroydizel-Composite, will be able to use glass as a raw material for the production of nanostructured composite fiberglass pipes,” added Kyzlasov.
Praksayr Titanium Valley’ will start the construction of a high-tech plant for the distribution of industrial gases this year.
In late 2014 the SEZ ‘Titanium Valley’ received about RUB 900 million from the federal budget for the construction of infrastructure. It will connect to the networks of all residents who plan to expand construction in 2015-2016. In 2015, ‘Titanium Valley’ is planning to raise another RUB 1.5 billion from the Russian treasury, with a total federal government financing of about RUB 4.8 billion for three years.