In the Republic of Dagestan, within the framework of the investment project “On arranging manufacture of extraction phosphoric acid, the qualified phosphates and the reconstruction of the third technological line on manufacture of simple and double superphosphates” the OJSC “Dagfos” is engaged in the installation of new equipment. Practically 60 percent of the equipment had already been delivered to the chemical factory in the North Caucasus region. The output is expected to start this year.
The Rosselhozbank loaned a credit worth 450 million rubles for the project realization.
The investment project implementation will allow to process annually more than 100,000 tonnes of phosphate raw materials and additionally to produce 60,000 tpa of phosphorus-containing fertilizers. More than a thousand new workplaces are expected to be created on the enterprise.
Besides, the enterprise administration intends to found a large-capacity manufacturing plant of sulphuric acid, with a capacity of 180,000 tpa. The realization of this project will allow to provide the enterprise with raw materials for the manufacture of mineral fertilizers and to generate at least part of its needed electric power.
Dagestan lies on the shores of the Caspian Sea and is one of the poorest regions in Russia, but it is rich in natural gas resources.