Uzbekistan and Dagestan have launched a joint venture for the production of fiberglass

    Industry 23 August 2024 1343

    Uzbekistan and Dagestan launched the Asadbek Glass Fiber joint venture in August 2024. It will be engaged in the production of textile fiberglass.

    The raw materials for the enterprise will be supplied by the Russian manufacturer Kaspiy Glass LLC, which is part of the Kaspiy Composite group of companies. The Dagestan company provided special equipment for the launch and localization. This is reported by RIA "Dagestan".

    The country invested 538.6 thousand dollars, and the Dagestani side invested 545.3 thousand dollars. The expected monthly production volume is estimated at $218.1 thousand.

    In addition, in order to set up the process, about 30 workers from Uzbekistan were able to undergo training at the Dagestan glass enterprise.