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Production of basalt fiber started in Veliky Novgorod

Production volume is 100 tons per month.  It is planned to increase it to 150 tons per month.

The investment project was supported by Novgorod region development agency, and on January, 10, governor of Novgorod region Andrey Nikitin visited the new enterprise making product with better characteristics than fiberglass in the region.

LLC “Magmanit” bought the workshops from Novgorod fiberglass factory and started producing basalt fiber. The first batch was made in August. Now the production volume is 100 tons per month. It is planned to increase it to 150 tons per month. In the future, if the market conditions are favorable,  the production volume can grow to 7500 tons per year.
“Investigations of basalt fiber have been going on for decades since Soviet times, but no one managed to create a full-fledged production, because it was necessary to adjust the technology. And now such a production opened in Veliky Novgorod”, -  mentioned the region’s head during his visit to the production site.

According to the shareholder of LLC “Magmanit” Sergey Perelman, the factory has already started to produce continuous basalt fibers. Scope of production – composite materials, basalt-plastic reinforcement, construction, including road construction. The enterprise is ready to compete in the global market.
“Our product is a serious competitor to fiberglass which is used very widely today in many types of productions. Basalt fiber, as fiberglass, is not expensive, but it is more durable”, - underlined CEO of LLC “Magmanit” Andrey Tolstoshein.

This product completely replaces fiberglass, but it is durable. Many enterprises use it in construction. In Novgorod region basalt fiber is planned to be used for repairing roads.
130 working places are created in the company. At the present stage the company is exploring domestic and foreign markets. If the results are positive, the production will increase.
Let us remind that in Russia two enterprises producing continuous basalt fiber are working:  LLC “Kamenny vet” (Dubna) since 2009 and LLC “Russian basalt” (Chelyabinsk) since 2013. Now one more enterprise has started to work – LLC “Magmanit”.
14 января 2020 10:36:00
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