In 2014“Argel” CJSC, under “ARMBAS” trademark, launched the production of continuous basalt fiber in the Republic of Armenia. The factory is in Kotayk region, 25 km far from Yerevan, the capital of Armenia. The capacity of preliminary production is 1000 tons of basalt fiber per year. Armenia possesses inexhaustible reserves of basalt rocks. Huge reserves of Armenian basalt rocks are of special interest, the chemical composition of which provides continuous basalt fiber of the highest quality.