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Basalt Fiber Plant Worth $9 Million May Be Constructed In Armenia

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  • Basalt Fiber Plant Worth $9 Million May Be Constructed In Armenia

    BASALT FIBER PLANT WORTH $9 MILLION MAY BE CONSTRUCTED IN ARMENIA

    ARKA
    March 17, 2010

    YEREVAN, March 17, /ARKA/. Robert Harutyunian, executive director of
    the Armenian Development Agency (ADA), told a news conference on March
    16 at Novosti international press center that a plant for production
    of basalt fiber worth $9 million may be constructed in Armenia.

    He said basalt fiber is used for production of heat insulating and
    soundproof materials, used in construction.

    'The investment proposal is ready. It is estimated $9 million. As a
    result we shall have a modern plant for production of high quality
    building materials from basalt fiber,' he said. According to him,
    possibilities of using basalt fiber in road construction are being
    examined as well. He said the investment proposal was sent to Kuwait,
    the United Arab Emirates and Russia.

    The ADA is working also to introduce new technologies in production
    of building materials, particularly, in production of light, heat
    and sound proof blocks on the basis of perlite and clay, he said.
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