"Titanium Valley" remained without plant for 2 billion rubles

The platform will be left by one of residents. Company "Nordbazalt" will not construct in "Titanium Valley" production plant basalt fiber. As appears from the decision of Arbitration court of Sverdlovsk region, the agreement about activity the enterprises on a platform was terminated in claim the ministries of investments and developments. Also "Nordbazalt" has to pay 5 million rubles of a penalty, transfers information agency "UralInformbyuro". According to initial plans of 2017, company had to construct production continuous basalt fiber and create on its base the engineering and test center for development...