Basalt fiber plant worth $9 million may be constructed in Armenia

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. -0-