# Kaspy Composite Group to open textile fiber plant in Kaspiysk

Kaspy Composite Group plans to commission the Kaspy Glass Fiber Plant in Kaspiysk, Russia in 2020. The plant will produce textile fiber and products with a capacity of 2,365 tonnes per year, creating 185 jobs. Investment is 323.9 million rubles.

- Type: New facility
- Announced: 2020-07-29
- Where: Kaspiysk, Dagestan, Russia
- Value: $4.40M (323.9M RUB)
- Jobs: 185
- Starts operating: 2020
- Status: under construction
- Capacity: 2,365 tonnes per year
- Products: textile glass fiber, glass yarn, technical textiles
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Kaspy Composite Group](https://endata.com/companies/48969.md)

## Sources

- [plastinfo.ru](https://plastinfo.ru/information/news/45982_30.07.2020/), 2020-07-29: "Группа компаний «Каспий Композит» намерена в 2020 году ввести в эксплуатацию «Каспийский завод стекловолокна» по производству текстильного волокна и изделий из него."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.