Such an investment project is going to be implemented by Caspian Fiberglass Plant LLC. Currently, the company is considering several options for obtaining funding, half of which will be raised from the plant's own funds. This was reported to the media by the project operator Kudret Khanmagomedov.
The plant intends to produce over 730 tons of glass yarn annually. The infrastructure and production facilities have already been prepared for the implementation of the project. “The main problem is finding equipment. Basically, the threads are used for the "defense" and the production of glass fabrics. It is also used in the production of cable products, optical fiber,” the project operator explains.