Dagestan starts construction of float-glass factory

Date: 14 December 2011
Source: Dagestan Steklo Tara/vestnikkavkaza.net
Dagestan has started construction of a float-glass factory with a maximum output of 600 tons daily, RIA Novosti reports.

The Caspian Factory of Float-Glass (investor) has started realization of the project in the village of Tyube in the Kumtorkalinsky District, with a landlot of 50 hectares.

The factory will produce 20% of all float-glass in the North Caucasian Federal District and 8% in Russia by 2013. The project will cost 10.5 billion rubles, 30% of the sum was provided by the local budget and 70% in loans.

Glass will be exported to Iran, Azerbaijan, Georgia and Armenia and sold in other Russian regions by June 2013.

About 1,500 people will be involved, including foreign high-tech specialists. The project is part of an 11-year program. It will provide some 9 billion rubles in taxes. 475 people will work at the factory at an average wage of about 30,000 rubles.

600450 Dagestan starts construction of float-glass factory glassonweb.com
Date: 14 December 2011
Source: Dagestan Steklo Tara/vestnikkavkaza.net

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