The PD Tatneft-Alabuga Fiberglass company launched an upgraded glass melting furnace for the production of continuous fiberglass.
A concessional loan for this project in the amount of RUB 441.51 million was provided by the Industry Development Fund (IDF) of the Russian Federation under the Development Projects programme. The total investment amounted to RUB 883 million.
Within the framework of the project, process equipment was purchased for the retrofitting of the glass melting furnace. The glass furnace upgrade would raise output by 32%, expand the range of products, and increase export sales.
PD Tatneft-Alabuga Fiberglass, a plant for the production of fibreglass and fibreglass-based products, was built as a joint project between Tatneft and the Preiss-Daimler Group of Germany, which specialises in fibreglass production. The company designs, develops, manufactures and sells fibreglass products under international standards, which is confirmed by ISO 9001: 2015 certificates.
Since the launch of its glass fibre production process in November 2010, the plant has been one of the largest fibreglass manufacturers in Russia.
Based on information by Tatneft and IDF press services