Mining and processing company Kaolin, launched Wednesday a factory for foundry sands in Devnya, in the coastal Varna area.
The project has so far absorbed 5 mln levs, said the company's executive director Alexander Prokopiev. The factory, with annual capacity of 300,000 tons, will produce foundry sands for flat glass and bottle and jar glass. The input materials will be extracted from a sand quarry 23 km away from the factory. Over the next 3 months, the company will build a railway track linking the factory with the Varna-West port.
The Kaolin factory will supply foundry sands to the Drujba and Stind glassworks, both part of the Greek Yioula Group, and to the Sisecam glass factories in Targovishte. Kaolin will open May 5 a kaolin mine in the village of Doirantsi, in the Shumen region. The company has invested 3 mln levs in the deposit estimated at 10 mln tons.
Kaolin, part of Alpha Finance Holding, is the regional leader in the mining, processing and logistics of various industrial minerals. The company's structure includes ten manufacturing units in different parts of Bulgaria, including Vetovo, Senovo, Ignatievo and Kaolinovo, among others.
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