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The Russian Composite Industry Will Be Provided With Domestic Raw Materials

 The company PTD Tatneft-Alabuga Steklovolokno plans to introduce new technologies in the production of fiberglass, upgrade equipment and increase the capacity of the company by 31% through support of the Industrial Development Fund.

Tatneft-Alabuga Steklovolokno (joint venture of PJSC Tatneft and German company Price-Daimler Group) plans to implement an investment project in the territory of the special economic zone "Alabuga" aimed at increasing the productivity and energy efficiency of the glass melting furnace with the subsequent release of competitive products that meet the world's leading standards.

Modernization of the glass melting furnace includes expansion of its area and application of more advanced technologies of glass making, which will increase production capacity by 31%. The capacity of the furnace after modernization will be at least 31.8 thousand tons of products per year.

"This project is important from the point of view of import substitution, since the production of fiberglass is a raw material base for the development of the composite industry and the main product for composite materials authorized for use in the defense industry. The total cost of the project is 883 million rubles, of which 441 million rubles can be provided by the Industrial Development Fund in the form of a soft loan. About 20% of the finished product is planned to be delivered to the European market , "commented Deputy Minister of Industry and Trade of the Russian Federation Vasily Osmakov.  

"PT-Tatneft-Alabuga Steklovolokno" is one of the largest manufacturers of fiberglass and products based on it in Russia and the CIS. Fiberglass products are widely used in automotive, shipbuilding, aircraft building, electrotechnical, petrochemical, oil producing, construction and other industries. The global use of fiberglass is approximately 85% of all fibers used for reinforced composites. 

"The use of state support will allow us to introduce innovative innovative technologies, acquire high-tech equipment, introduce to the market a product with unique properties that will satisfy the needs of all priority consumption sectors, and create a reliable foundation for the development of a composite industry within the country that ensures global competitiveness and growth of export potential" , - said the director of OOO "P-D Tatneft-Alabuga Steklovolokno" Ilvir Sattarov.

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