The JSC "Keramogranit Dagestan" was forced to look for a new supplier and slightly adjust the terms of implementation of the investment project to expand production capacity due to the rising cost of equipment.

The investment project involves the construction of a second tile production line and a twofold increase in production volumes.

"The cost of the project is estimated at 1.7 billion rubles, of which 1.2 billion rubles - the enterprise received from the Industry Development Fund," the Ministry of Industry and Trade of Dagestan said, specifying that the line was initially supplied from Italy.

Instead, the enterprise agreed to receive equipment from China. Thus, the investment project will be implemented in full. Noteworthy, it is planned to create 100 new jobs in the region.