CBF & Pultrusion Basalt Composite Materials production

Project in Armenia

SHORT REPORT
Confidentiality memorandum
The present Report is submitted to consideration on confidential basis and only for
making a decision on financing of this project and it cannot be used for copying or any
other purposes neither be passed to a third party without written consent of the above
mentioned project initiator. Taking this Report for consideration, the recipient takes on
responsibilities for non-disclosure of the content and guarantees return of the present copy
of the document to the project initiator if not planning to finance this project.
All estimations, plans, offers and conclusions quoted in this Report in respect to profit
potential, production and distribution volumes, capital and current costs, profit rate, price
characteristics and market appraisal are based on concerted opinions of the participants of
project elaboration.

Yerevan City, 2011

Project Initiator Companys background

Onix GC (founded in 1992) is exclusively engaged in design, production, sales and application
of small-panel metal formworks. Company has a full program on small-panel formworks.
Company, using its innovative technologies, have performed a lot of successful construction
projects.
At the beginning of the 2001 a new phase in the Companys development history started, when
it was involved in Basalt technologies.
Full operating since 2004 Basalt Wool producing Workshop in Hrazdan City, Kotayq province
is became an excellent evidence of successful production experience.
The company successfully produces a thermo- and hydro insulating material Basalt Wadding since 2004, and sells its production.
There is a local crusher for raw basalt and working furnace producing basalt wool.
Large extra space is available for new production establishment, which requires proper
investment for reconstruction and new equipment installation.
Company has decided to launch a new large expansion program and establish its own continuous
basalt fiber production, where the same basalt crashed stone will be used as a raw material.
The required investment amount for this project implementation will be about USD
10.000.000,0.

Project and future product overview

Continuous BASALT fiber is a unique product derived from volcanic lava deposits. Fiber is
manufactured from BASALT rock in a single-melt process and comprised of single-ingredient
raw material melts. BASALT fibers are superior to other fibers in terms of thermal stability; heat
and sound insulation properties, vibration resistance, resistance to chemically active
environments and durability. Production process is actually simpler than glass fiber processing
because the basalt fiber has a less complex composition. Glass is typically 50 percent silica sand
in combination with oxides of boron, aluminum and/or several other minerals materials that
must be fed independently into a metering system before entering the furnace. Unlike glass,
basalt fibers feature no secondary materials. The process requires only a single feed line to carry
crushed basalt rock into the melt furnace. On the other hand, basalt fiber manufacturers have less
direct control over the purity and consistency of the raw basalt stone. While basalt and glass are
both silicates, molten glass, when cooled, forms a noncrystalline solid. Basalt, however, has a
crystalline structure that varies based on the specific conditions during the lava flow at each
geographical location. Basalt combines three silicate minerals plagioclase, pyroxene and
olivine. Plagioclase describes a number of triclinic feldspars that consist of sodium and calcium
silicates. Pyroxenes are a group of crystalline silicates that contain any two of three metallic
oxides, magnesium, iron or calcium. Olivine is a silicate that combines magnesium and iron
(Mg, Fe2SiO4). This potential for compositional variety means that the mineral levels and
chemical makeup of basalt formations can differ significantly from location to location.
Moreover, the rate of cooling, when the original flow reached the earth's surface, also influenced
the crystal structure.

During the 1960's through the 80's the technology was object of secret, military and aerospace
applications. In 1995 it was declassified and released for civilian use. From then on, only very
few companies have - with significant investments in R&D and capital - mastered the difficult
production process and are producing continuous filament (CF) Basalt fibers in commercial
quantities. Although significant research has been carried out by other organizations, including
some in the West, these entities have not been successful so far in either producing CF Basalt
fiber, or producing it in marketable quantities.
According to experts data, Armenia belongs to list of few countries having a huge basalt
resources, and this basalt is very suitable for production purposes. The main data of material
compound and basic physical and mechanical properties (volumetrical weight and strength) of
basalt group rocks (BGR) in Armenia are listed in the Table 1.1. Fluctuation of the indices are
explained by the presence of numerous variety in the group which are considerably differed by
their properties.

Brief Description
of material composition and basic physic-mechanical characteristics
Table 1.1
General RockMaking
Minerals

Volumetric
Weight,
kg/m3

Durability
Limit
at
Compression
kG/cm2

2600-2900

1000-2000

Shpat, Piroxen,
Olivin, Volcanic
glass, Quartz

General Chemical Components, %

SiO2

AL2O3

CaO

K2O+Na2O

43-67

14-25

3-13

3-7

Other

0-5

To have a clear view of BGRs resources number of deposits including units with reserves on
industrial categories (A+B+C1) are presents in Table 1.2. The transport resources of
exploitation could be estimated on basis of the data provided in this Table of deposit resources
located not far from railway than 10 km. These resources are entirely sufficed to organize
large-scale exploitation for hundred years.
General Data of BGRs resources in Armenia
Table 1.2
Number of Fields
in all

73

located not far

from railway
than 10 km

34

Deposits in mil. cubic meters

General

in all
on industry category

42039

318

located not far from railway than 10 km

General
on industry category

13307

301

It should be mentioned that the figures listed in the Table 1.2 not fully include all possible
BGRs resources of Armenia. It includes only reserves of deposits prospected and estimated by
the official geological investigations. General BGR reserves, if one emanates from spreading of a
blanket of lava, form not less than 125 billion cubic meters instead of 42 billion cubic meters
shown in the Table 1.2.

Continuous Basalt fiber (CBF) filaments are great innovative

reinforcement material. Due to high heat resistance, high
stability in aggressive medias, substantial sound absorption and
enormous physical durability basalt fiber has the potential to
oust glass fiber from various industrial applications and thus
opens new fields of application. From the technical and the
economical point of view Basalt fiber will find its place on the
reinforcement market somewhere between glass fiber and
carbon fiber.
CBFs characteristics are much better than those of traditional GF. Comparative data of CBF and
Glass Fiber are listed in the additional Table below. The analysis shows significant advantage of
CBF over GF under the conditions where
high stability and efficiency are required in the wide range of temperature,
material is exposed to high mechanical overload, external electric field and chemical
influences.
Comperative Technical characteristics of filament made from E-glass, basalt and silica
Properties

SI
Units

Basalt
Filaments

Fiberglass

Silica
Filament

Maximum application temperature

(C)

982

650

1100

Sustained operating temperature

(C)

820

480

1000

Minimum operating temperature

(C)

-260

-60

-170

Thermal conductivity

(W/m K)

0.034-0.04

0.035-0.04

Melting temperature

(C)

0.0310.038
1450

1120

1550

Virtification conductivity

(C)

1050

600

1300-1670

Glow loss

(%)

1.91

0.32

1.75

(ppm/
C)

8.0

5.4

0.05

(g/cm3)

2.75

2.6

2.15

(microns)

Thermal

Thermal expansion coefficient

Physical/Mechanical
Density
Filament diameter
Tensile strength
Compression

9-23

9-13

9-15

(M Pa)

4840

3450

4750

(psi)

550,000

440,000

510,000

(G Pa)

89

77

66

(x10 /K)

5.5

0.5

Elongation at break

(%)

3.15

4.7

1.2

Absorbtion of humidity (65%RAH)

(%)

<0.1

<0.1

<0.1

Stability at tension (20 C)

(%)

100

100

100

Stability at tension (200 C)

(%)

95

92

94

Stability at tension (400 C)

(%)

82

52

80

Elastic modulus
Linear expansion coefficient

Acoustics:
(%)

0.9-0.99

0.8-0.93

0.85-0.95

Specific volume resistance

(ohm.m)

1*10x12

1*10x11

1*10x11

Loss angle tangent frequency

(1 MHz)

0.005

0.0047

0.0049

Relative dielectric permiability

(1 MHz)

2.2

2.3

2.3

H2O

(%)

0.2

0.7

0.05

2n NaOH (Sodium Hydroxide)

(%)

5.0

6.0

5.0

2n HCI (Hydrochloric acid)

(%)

2.2

38.9

15.7

Sound absorbtion coefficient

Electrical:

Chemical Resistance
% weight loss after 3 hrs boiling in:

Process Description
As crushed basalt enters the furnace, the material is liquefied at a temperature of 1500C/2732F
(glass melt point varies between 1400C and 1600C). Unlike glass, which is transparent, the
opaque basalt absorbs rather than transmits infrared energy. Therefore it is more difficult for the
overhead gas burners used in conventional glass furnaces to uniformly heat the entire basalt mix.
With overhead gas, the melting basalt must be held in the reservoir for extended periods of time
up to several hours to ensure a homogenous temperature. Basalt producers have employed
several strategies to promote uniform heating, including the immersion of electrodes in the bath.
But many companies prefers gas heating to electric, for quality reasons, despite increased
manufacturing costs. Finally, a two-stage heating scheme is employed, featuring separate zones
equipped with independently controlled heating systems. Only the temperature control system in
the furnace outlet zone, which feeds the extrusion bushings, requires great precision, so a less
sophisticated control system may be used in the initial heating zone.
A simplified diagram of a
basalt fiberization processing
line:
1) crushed stone silo;
2) loading station;
3) transport system,
4) batch charging station,
5) initial melt zone,
6) secondary heat zone with
precise temperature control,
7) filament forming bushings,
8) sizing applicator,
9) strand formation station,
10) fiber tensioning station,
11) automated winding station.

Like glass filaments, basalt filaments are formed by platinum-rhodium bushings. As they cool, a
sizing agent is applied and the filaments are moved to speed-controlled fiber stretching
equipment and then on winding equipment, where the fiber is spooled.

Description of the pultrusion technology

Pultrusion is a manufacturing process for producing continuous lengths of reinforced polymer
structural shapes with constant cross-sections. Raw materials are a liquid resin mixture
(containing resin, fillers and specialized additives) and flexible textile reinforcing fibers. The
process involves pulling these raw materials (rather than pushing, as is the case in extrusion)
through a heated steel forming die using a continuous pulling device.
The reinforcement materials are in continuous forms such as rolls of CBF or fiberglass mat and
doffs of roving. As the reinforcements are saturated with the resin mixture (wet-out) in the
resin bath and pulled through the die, the gelation, or hardening, of the resin is initiated by the
heat from the die and a rigid, cured profile is formed that corresponds to the shape of the die.
The pultrusion workshop should be equipped with pultrusion machines manufactured by
INLINE Fiberglass Ltd., Canada. If the first two machines are for production of standard
fenestration profiles then Pulstar machine should mainly produce non-standard fenestration and
other (non-fenestration) FRP lineals first of all relating to the construction industry.
While pultrusion machine design varies with part geometry, the basic pultrusion process concept
is described in the schematic shown below.

Advantages and basalt fiber fields of application

The main advantage of basalt fiber is that the fibers possess 4 excellent properties at one time:
high application temperature, chemical resistance, mechanical strength and ecological recycling.
There are good types of fiber glass that may have 1 or 2 excellent properties and even exceed
basalt. That may be chemical and temperature resistant but not that strong. Or it may be strong
and chemical resistant but not that temperature resistant or ecologically safe. Basalt fiber
separate properties are rather middling. But together it is the unique combination that gives
profits.

Comprised of single-ingredient raw material melt, basalt fibers are superior to other fibers in
terms of thermal stability, heat and sound insulation properties, vibration resistance and
durability. Basalt continuous fibers offer the prospect of a completely new range of composite
materials and products. Basalt fibers replace asbestos in almost all applications. Basalt based
composites can replace steel and all known reinforced plastics (1 kg of basalt reinforcement
equals 9 kg of steel). The life of basalt fiber pipes, designed for a variety of applications, is at
least 50 years without maintenance or electrical or technical protection.
Basalt fibers together with carbon or ceramic fibers as well as various metals is the most
advanced and exciting area of application, as they can develop new hybrid composite materials
and technologies. Basalts special properties reduces the cost of products whilst improving their
performance. Basalt fibers are new unique and economic products with superior properties to
similar one in present use like as glass fibers. Basalt fibers can replace E-glass and even S-glass.
The application temperature of articles made of basalt fibers markedly higher (from -260C to
900C).
In their physical properties (strength, elasticity) basalt fibers considerably exceed mineral and
some kinds of glass fibers. Due the elasticity of micro- and macrostructure, basalt fibers are
vibration-resistant compared to similar products. This property is of particular importance in
mechanical construction.
In chemical properties basalt fibers are more resistant to aggressive media i. e. acids and alkalis.
Therefore pipes made of basalt fibers may be used in the chemical production for transporting
hot acids, in the construction of sewerage systems, transportation of aggressive liquids and gases,
loose materials, etc. Basalt plastic rods can replace steel and fiber glass plastic rod and bar in
road reinforcement.
The processing technologies of basalt fiber conforms to traditional technologies of glass fiber
processing (fabrics, roving, chopped strands, GFRP). Thanks to their excellent properties basalt
fiber may be used for manufacturing of thermo and alkali resistant articles (tanks, pipes, GFRP,
warm insulating materials) and as ecological harmless substitute for asbestos.
Basalt fibers can be used in various branches of industry replacing glass fibers and metals.

List of some application areas for Basalt Fiber based Construction materials

Road & building construction sector

1. foundations,
2. sound and heat insulation,
3. reinforcement of buildings,
4. highways,
5. bridges,
etc.

Automotive industry sector

1. car parts such as brake lining,
2. catalytic convertors,
3. silencers,
etc.

Energy sector
1. High voltage lines poles
2. Low voltage posts
3. Electric sub-stations buildings
4. Sub-stations flooring
5. Nuclear Power plants external walls and partitions
6. Underground buildings and Radioactive waste containers
7. Water-cooling towers construction parts
8. Water storage basins dams and other units
9. Underground, underwater and ground pipelines
Etc.

Agro sector
1. Supporting blocks, braces for vineyards (smooth surfaces with no cracks and clinks
2. Greenhouses carcasses
3. Beehives baffle plates and decking plus basalt wadding for cavity filling (currently
produced by our workshop now)
4. Fish-breeding ponds walls, flooring and wall-plates
5. Boxes for fresh fruits and vegetables transportation
6. Irrigation systems pipelines
7. Floorings and other parts for caw houses and other buildings
Etc.

Transport sector
1. Passenger stocks internal and external furnishing
2. Railroad ties
3. Refrigerator wagons insulating panels
4. Barrage bars for highways
Etc.

Military Industrial sector

1. Heat & sound insulation for engines and turbines
2. Fortification works
3. Underground Shelters
4. Quick assembling (and disassembling) buildings
5. Ammunition stocks and buildings
6. Non-exposure proof boxes for weapon and ammunition,
Etc.

Brief Market Overview

Similar product producers in the world
Nowadays Fiberglass composite profiles can be considered as a most similar to our Basalt plastic
product, although its characteristics worse. Fiberglass composite materials are widely used at the
moment all around the world and the market is full of producers.
Fiber Glass market, both insulated as well as composites, is a part of the glass industry. Over the
years, this industry has maintained a steady growth rate and is largely characterized as a market,
where demand exceeds supply. In the recent years, the demand for durable, light-weight and
non-corrosive components has increased and this has fuelled the growth of the fiber glass
industry.
Recent years has seen the expansion of the fiber glass industry in both basic and high-tech
industries such as construction, automotive, aircraft, electronics, among others. Although,
construction is the largest market, the production companies due to the recent US housing market
crisis have increased their marketing focus on other industries. Apart form this, the global
demand for clean energy and infrastructure up-gradation is also expected to boost the composite
fiber glass industrys growth in the future.
Geographically, the US is the largest market for fiber glass, both in terms of consumption as well
as production. In Europe, Germany is the largest producer of reinforcement fiber glass, followed
by France and Italy. Among the emerging markets, China is the largest fiber glass producers and
in the next few years, in terms of consumption, the countrys demand is expected to surpass that
of the US. Due to government investments (infrastructure), the emerging markets including India
and Brazil are anticipated to record an increase in demand for composite fiber glass products.
Chinas fiberglass industry has shared 41% of the global market. China Fiberglass Co., Ltd,
Yunnan Yuntianhua Co., Ltd and Taishan Fiberglass Inc. have become new international tycoons
in the world fiberglass industry.
Chinas fiberglass industry enjoys accelerating demand and the demand for fiberglass will
maintain at 18% in the five years to some. By 2010, domestic consumption of fiberglass will
increase from the present 820 thousand tons to 1.59 million tons by then.
Chinas fiberglass industry boasts high industry bulwark and the government has issued the
admission conditions of the industry. It is estimated that China will keep stable growth rate of
14% in fiberglass output capacity in next five years; however, the output capacity still can not
meet the fast-growing demand from the home market and satisfy the international market
produced for close and production stop of international tycoons.
Talking about our product we should keep in mind that production process includes 2 stages
Continuous Basalt Fiber production and further pultrusion process, providing the final
construction profiles, shapes, decks, bams, etc.
Thats why investigating competitors market we must consider both CBF producers and p
ultruders.
According to our market investigation more than 30 Companies in CIS region are involved in
basalt fibre producing at the moment.

Variety of the products made from the same raw material produced by the
competitor
Most of mentioned Players produce just CBF, some make final product we talking about
(pultruded profiles made from Fiberglass).
Anyway find below the list of products available at the moment:
Basalt Fiber (thin and super thin);
Thermo-, Hydro- and sound-resistant insulating materials;
Basalt Roving;
Basalt wool and wadding;
Mats made from Basalt roving;
Pipes and tubes;
Rods, Bars, Rebars and reinforcement;
Fittings;
Basalt scales (BSc) materials & covering
Automotive parts;
Electro technical applications such as extra fine resistant insulation for electrical
cables and underground ducts
Woven Basalt Fiber Fabrics;
Variety of cloths, i. e.

Fire-fighting (toxin resistant) suits;

Soft Bulletproof suits, etc.
Cut & Flame resistant gloves;

Facing Slabs & Tiles (made from melted basalt),

Leisure/sport: hockey sticks, tennis rackets, skis, snowboards, arrows, etc.
and more..

Basalt Composite Rebar is a perfect material for civil

and industrial construction, upper layers of concrete structures,
roads and bridges, barriers for constructions that work in high
corrosion conditions for metal rebar (moorages, docks, seafront
lines' reinforcement, etc.)
Test results have shown a high durability of concrete structures
reinforced by BCR. Lifetime of such constructions is
significantly higher than analogical structures reinforced by
other materials.
BCR properties:
Low weight: 4 times lighter than steel rebar
More than two times stronger than steel rebar
Corrosion and putrefaction free
Unique chemical resistance
Good dielectric
Low heat conductivity
Inflammability - no harmful emitting on fire

 Modulus of elasticity when bending - not less than 40000 MPa

Tensile strength - not less that 1000 MPa
Working temperatures: -70 - +150
Resistance to rapid temperature drops.

CBR applications
In the construction sector:
reinforcement scrims for facade cladding, gypsum or cement panels;
joints for wall-crack repair and wall-covering;
as safe asbestos replacement;
rebar as reinforcement for concrete structures;
technical textiles as fire curtains for fire protection and containment;
technical textiles as wall laminate to enhance burn-through times to meet building regulations;
In the engineered composite sector:
mesh for road repair and soil stabilization;
fabrics for aircraft parts and helicopter blades, for ice hockey sticks and windsurfers, for
snowboards and boat hulls, for wind mill blades and car parts;
chopped strands as reinforcement for composites, polyester/epoxy resins and plastics.
In the industrial equipment sector:
fabrics for the reinforcement of abrasive grinding disks;
thermal insulating covers and gloves;
carpet reinforcement.
In the automotive sector:
chopped roving as reinforcement for composites used in automotive body panels;
chopped roving as reinforcement for friction materials such as brake pads and linings;
filler to nonwoven veils (headliners);
high-temperature insulation shields;
high-performance automotive muffler filler.
In the chemical and oil processing industry:
insulation material in chemically aggressive environments;
filter filler in chemically aggressive environments.
In the electronic sector:
fabric for printed circuit boards.

Composites made of roving with application of pultrusion technique, including rods, reinforcing
materials, profiles, and small pipes.

Pricing of the competitors for the similar products

For better understanding the market prices for Basalt Rebars please visit for example
http://www.alibaba.com/trade/search/3i1p5tyfchms/Basalt_fiber_rebar.html
Result: $0.2 7 per meter for Basalt rebar (3 40 mm)
For Basalt Fiber prices please refer to following link:
http://www.alibaba.com/trade/search?SearchText=Basalt+fiber&Country=&CatId=0&IndexArea
=product_en&sq=y
Result: average market price for 1 kilo of CBF is $5
Basalt Fiber Mats - $100 per m3 - http://www.alibaba.com/productfree/104196990/basalt_fiber_mats.html
Basalt Fiber Plates - $370 per m3 - http://www.alibaba.com/productfree/104270510/isolation_basalt_fiber_plates.html

For better understanding of world demand please pay attention to figures shown below:
World consumption of iron/steel bars and reinforcement in 2008 is assessed as $160 B
Same for stainless steel (2001) was $16B
World consumption of Basalt Composite bars and reinforcement in 2001 was assessed as $300

M
The same in 2010 estimated as $1,6 B.

Local Government Support

Since 2008 Basalt technologies are in the ultimate focus of Armenian Government.
Newly formed Prime-Ministers special Economic Development Programs Support Centre has
discussed Basalt projects many times during last year. More than 5 Project was submitted by
various private Companies experienced in Basalt manufacturing and this project was one among
best approved by Government.

Economical effectiveness of the project

Net present value of the project (calculated for $10M investment and 8 year loan without loan
repayment included) is $24,8M at the discount rate 10%.
Internal rate of return (IRR) is 42 %.
Payback period 2 years and 4 months.
Average total cost of the final product (profiles) sales - $2,3 per kilo
Sale price of final product - $5 per kilo
Average profit margin 62,5% (Gross); 46,2% (Net)

Project Initiators proposals for the repayment of the loan Loan structured with 1,5-2 year Grace
period or Equity structured with up to 30% share stake

Security offered for the loan Companys all assets

Total amount invested so far in the project up to $0,5M

Price calculation to produce in Armenia

Final costing of the product (cost breakdown)
For 1 ton of Basalt Fiber production:
Cost for 1 ton
1.
2.

Raw Materials (crushed basalt and additives for fiber)

Gas ($210 per 1000 m3)

$106
$300

% of total
cost
6.62
18.76

Based on 260 m3 per working hour consumption

3.

Electric Power ($0.055 per 1 KWt)

$137.5

8.59

$10
$10
$340
$95.2
$290
$42
$1330.7
$250
$1580
$20.3
$1601

0.62
0.62
21
5.94
18
2.64

Based on 500 KWt per working hour consumption

4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.

Water and other materials

Service & Maintenance
Personnel payroll
Taxes (28% payroll)
General Production overheads (all plant)
Forward expenses
Subtotal: Production cost
Administrative expenses
Subtotal: Cost of final product
Sales & Marketing
Total cost

15.64
1.27
100

For 1 ton of Basalt Plastic Profiles production:

Cost for 1 ton
1.
2.
3.

Basalt roving
Resins & special additives
Electric Power

4.
5.
6.
7.
8.
9.
10.
11.
13.
14.

Water and other materials

Service & Maintenance
Personnel payroll
Taxes (28% payroll)
General Production overheads (all plant)
Forward expenses
Subtotal: Production cost
Administrative expenses
Sales & Marketing
Total cost

$1601
$295
$60
$2
$5
$60
$16.8
$130
$20
$2174.8
$95
$15
$2299.8

% of total
cost
69.7
12.9
2.6
0.001
0.002
2.6
0.8
5.7
0.9
4.1
0.7
100

So, 1 kilo of CBF cost is $1.6, and 1 kilo of final Basalt Composite Material cost is $2.3.

Estimated price for sale

We plan to sell final Basalt Composite Materials for $5.0 per kg, which is less than current $5
for analog Fiberglass profiles.
Targeted (potential) market for the first 3 years
Next 3 years (starting from Project facilitation moment) we plan to produce and sell around
5000 tons of Basalt Composites.
For this first 3 years Armenia only can be considered as a target market, where this small
quantity of product can be easily sold in following potential consuming sectors:
Some initial potential consuming areas in the local market are listed below.
1. Construction
o Private Housing (lot of Customers, ordering residential construction);
o Yerevan City (more than 1 million inhabitants) buildings roofs modernization &
repair Project (about $3M financing is already approved by City Administration);
o Different Construction profiles and shapes provision for current local construction
projects.
2. Energy
o Towers construction for High voltage (up to 10KV) electric Transmission Lines.
3. Agriculture
o Small columns for grape plants (local vineyard farms);
o Construction profiles for Greenhouses;
o Special high resistant flooring and manure removing trenches/conveyors for cattle
breeding farms.

Patenting issues
There is no special patent requirement for Basalt Composites production in Armenia.
Existing basalt wool production workshop in Hrazdan City will serve as a Project
implementation basis, where new Fiber production equipment will be installed.
Further Basalt Fiber processing via Pultrusion will be organized on the basis of Canadian
companys exclusive technology, which is agreed to be used as their know-how.
This Canadian Company, and its President are most experienced in Basalt based pultrusion
technologies, holding many innovative know-how about this particular process and especially
concerning resins and additives no one else in the world knows at the moment.
During last 3 years the Canadian partner work hardly to develop experimental samples of
pultruded profiles made of Basalt Fiber, so his great experience and good and tangible results
along with first experimental samples of new products ensure future successful mass production.
Our company since 2007 (from 2004 in fact) cooperates with Canadian company as Authorized
Dealer.

Existing facilities
Existing production units and premises
The project owner has already (in 2008) purchased (M&A) an existing company in Kotayq
province with its Basalt Wool Production Workshop (operating), which is located near large
Hrazdan Thermo Power Plant.
Total surface is 0.65 hectares with about 1230 sq m building.
Besides, the company owes its own production workshop in Yerevan City , where future Basalt
processing (pultrusion) Div. is planned to establish.
Total surface is about 2900 sq m of 2 buildings (Administrative office and Production site).
Both has all necessary energy supply (gas, electricity, water) and communications.
Some modernization work should be done to develop and adjust these premises to launch new
proposed production and new machinery & equipment installation and assembly.

The company`s production Workshop in Yerevan City .

Management Team
Name

Occupation

Experience

MR.GAGIK KIRAKOSYAN

M R . H A Y K G. A R A B Y A N

President of ONIX GC

International Energy
Corporation
Councilor of General Manager

Since 1974 involved in Construction

business and has a huge experience in
this area
Since 1973 involved in energy
enterprises and industries.
Have a great experience in Thermal
insulation production