The Republic of North Ossetia−Alania

Technical re−equipment of an enterprise aimed at expansion of production of chipped dolomite and grounded dolomite of various fractions.

36A Pozharskogo Street, Vladikavkaz, RNO−Alania.

Chipped dolomite — 240 thousand tons.

Grounded dolomite — 140 thousand tons.
Finished Product.

Dolomite powder, dolomite of various fractions.

Feasibility study.

35 million rubles.

Payback Period — 3 years.

IRR — 28,5%.
Possible Forms and Terms of Financing.

Direct investment.

Creation of a joint venture with the investor.
Project Initiator.

Ministry of Industry and Entrepreneurship of the Republic

of North Ossetia−Alania,

Minister — Valentin S. Bazrov,

24 Frunze Street, Vladikavkaz, RNO−A, 362025.

Tel./Fax: +7 8672 54−60−00

General Director of RGUP "Kavdolomit" —

Ruslan A. Aguzarov,

36A Pozharskogo Street, Vladikavkaz, RNO−Alania.

Tel.: +7 8672 53−74−35,

Fax: +7 8672 53−84−33
Production of a Variety of Goods Made of Basalt
Goal of the Project.

Organizing production of various goods made of basalt.

Alagir, Alagir District, Republic of North Ossetia−Alania.

First stage: basaltic superthin fiber — 850 tons a year, basaltic thin fiber —670 tons a year, basaltic half−rigid and rigid sheets — 12 250 cubic meters a year.

Basaltic superthin and thin fiber, basaltic half−rigid and rigid sheets, basaltic thread, basalt−plastic pipes, non−metal composite reinforcement with periodic profile.

Construction.

Feasibility study by stages.

734,4 million rubles.

First stage: payback period — 3,3 years, NPV — 13,8 million rubles, IRR — 24.9%.

Second stage: payback period — 6,3 years, NPV — 247,9 million rubles, IRR — 25,1%.
Possible Forms and Terms of Financing.

Direct Investment. Creation of a joint venture with the investor.

Ministry of Architecture and Construction Policy of RNO−Alania,

Minister — Evgeny P. Rodionov,

5 Svobody Square, Vladikavkaz, RNO−Alania, Russia 362040.

Tel./Fax: +7 8672 53−83−87,

+7 8672 54−71−63,

E−mail: ministry.alania@mail.ru

Reconstruction and Technical Re−Equipment

of JSC "Iristonsteklo"
Goal of the Project.

Modernization of existing facilities including reconstruction of glass firing furnace and installation of two modern imported production lines.

1 Karabulakskaya Street, Vladikavkaz, RNO−Alania.

85 million bottles a year.

Glassware.

Existing business−plan.

165 million rubles.

Payback Period — 5 years.

Project loan.

JSC "Iristonsteklo"

General Director —

Boris I. Gapbaev,

1 Karabulakskaya Street, Vladikavkaz, RNO−Alania.

Tel.: +7 8672 53−46−54, 53−07−49

Fax: +7 8672 54−00−20
Construction of the Glass Bottle

and Jar Producing Plant

Construction of the glass bottle and jar producing plant.

Alagir, Alagir District, RNO−Alania.

210 million units a year (unit is equal to one 0,5 liter bottle).

Assorted glass bottles and jars.

Food industry.

Existing business−plan and pre−project decision.

845 million rubles.

Payback period — 5 years.

IRR — 14%.

NPV — 406 million rubles.

Direct Investment.

Creation of joint venture with the investor.
Project Initiator.

Government of the Republic of North Ossetia−Alania,

JSC "Al AVG" — Murat B. Tebiev.

Tel.: +7 8672 64−94−07.

Fax: +7 8672 64−94−08

E−mail: tebiev_murat@mail.ru

of Corrugated Cardboard

Technical re−equipment and expansion of production of corrugated cardboard packaging. Lowering the product cost due to using new production technologies and increased effectiveness.

13 Abaeva Street, Digora, Digorsky District, RNO−Alania.

48 million square meters of cardboard a year.

Two types of corrugated cardboard.

Corrugated cardboard packaging for transportation.
Project Stage.

Existing business−plan.

35 million rubles.

Payback period — 5 years.

Creation of a joint venture with the investor.

GUP "Digorskaya Factory of Corrugated Cardboard"

Director — Taymuraz T. Tamaev,

13 Abaeva Street, Digora, Digorsky District, RNO−Alania, 362410.

Tel.: +7 86733 9−11−73, +7 86733 9−02−01

Production of Environmentally Clean

Natural Mineral Water
Goal of the Project.

Construction of a bottling plant with separate production lines installed for glass bottles and PET bottles.

18 Podgornaya Street, Beslan, RNO−Alania.

53 192 thousand bottles a year.

Natural mineral water, pure drinking water.

Existing business−plan.

100 million rubles.

Payback Period — 1 year.

IRR — 19,64%.

NPV — 12,3 million rubles.

Direct investment.

Creation of a joint venture with the investor.
Project Initiator.

Director of LLC "Fenix" — Aslan E. Dzobaev,

18 Podgornaya Street, Beslan, RNO−Alania.

Tel.: +7 86737 3−71−30

Serial production of transformer substation sets and dolomite isolators.

10 Tsalikova Street, Beslan, Pravoberezhny District, RNO−Alania.

Income about 30 million rubles a year.

KTPN — 30 units a year.

KTP — 130 units a year.

Transformer substations —

KTPN−VE 100−630−10/04,

KTP−M−10/04−25−250.

Isolators made with the use of local dolomite.
Sphere of Use.

Supply of electricity for businesses, towns and villages.

Existing business−plan.

25,6 million rubles.

Payback period — 3 years.

Employment of 64 new employees.
Possible Forms and Terms of Financing.

Direct investment.

Creation of a joint venture with the investor.
Project Initiator.

Beslan Electrotechnical Plant,

Director — Taymuraz S. Chekhov,

10 Tsalikova Street, Beslan,

Pravoberezhny District, RNO−Alania.

Tel.: +7 86737 3−12−96

Welding Materials and Electrodes

Production of new high quality welding materials and welding electrodes for regular and specialized use, based on mineral raw materials of the Republic of North Ossetia−Alania.

132 Vatutin Street, Vladikavkaz, RNO−Alania.

1 150 tons of electrodes a year.

Welding electrodes for regular use MP−ZK UONII 13/55 C and import−

replacing electrodes LB−52 TRU.
Project Stage.

Technology has been worked out and applied.

Experimental batch has been produced.
Required Investment.

15 million rubles.

Payback period — 3 years.

Creation of a joint venture with the investor.

"Electrode — Tsey", LLC

Director — Kazbek D. Basiev,

132 Vatutin Street, Vladikavkaz, RNO−Alania.

Tel.: +7 8672 54−11−90
Production of Copper−Based Electrode

for Contact Spot Welding

Construction of a factory producing bent plywood furniture from hulled veneer and also bent timber of various kinds of wood, based on technology of high frequency heating.

1 Moskovskaya Street, Vladikavkaz, RNO−Alania.

10 000 cubic meters of bent plywood furniture details a year.

Bent elements of furniture for furniture factories and also finished furniture of

own design: chairs, armchairs, rocking chairs, beds, tables and so on.
Project Stage.

Existing business plan, feasibility study.

80 million rubles.

Payback period — 3 years.

Direct investment. Creation of a joint venture with the investor.

"Innovational Enterprise "Prosetin", LLC

Director — Alexander D. Khetagurov,

1 Moskovskaya Street, Vladikavkaz, RNO−Alania.

Tel.: +7 8672 53−52−70, +7 918 821−52−70 (cell)
Production of Bent Plywood Furniture Using

the High Frequency Heating Technology

Serial production of transformer substation sets and dolomite isolators.

10 Tsalikova Street, Beslan, Pravoberezhny District, RNO−Alania.

Income about 30 million rubles a year.

KTPN — 30 units a year.

KTP — 130 units a year.

Transformer substations —

KTPN−VE 100−630−10/04,

KTP−M−10/04−25−250.

Isolators made with the use of local dolomite.
Sphere of Use.

Supply of electricity for businesses, towns and villages.

Existing business−plan.

25,6 million rubles.

Payback period — 3 years.

Employment of 64 new employees.
Possible Forms and Terms of Financing.

Direct investment.

Creation of a joint venture with the investor.
Project Initiator.

Beslan Electrotechnical Plant,

Director — Taymuraz S. Chekhov,

10 Tsalikova Street, Beslan,

Pravoberezhny District, RNO−Alania.

Tel.: +7 86737 3−12−96

Hardening

Production of a variety of colours of stencil paints with UV−hardening based on local materials.

Vladikavkaz, RNO−Alania.

36 tons of paints with UV−hardening a year.

UV−hardening paints of various colours.

Feasibility Study.

12 million rubles.

Payback period — 2,5 years.

Direct investment.

Creation of a joint venture with the investor.
Project Initiator.

Vladimir F. Ivakin,

2 Moskovskaya Street, Vladikavkaz, RNO−Alania, 362019.

Tel.: +7 8672 74−28−87

E−mail: niiem@osetia.ru

Production of Detergents

Production of environmentally friendly detergents and cleaning products based on natural animal fats and vegetable oils.

4A 6−Promyshlennaya Street, Vladikavkaz, RNO−Alania.

4 320 tons a year.

Powdered and liquid detergents and cleaning products.

Existing business−plan.

11 million rubles.

Payback period — 2,5 years.

IRR — 140,62%.

NPV — 13,3 million rubles.

Creation of a joint venture with the investor.

JSC "North Ossetian Chemical Plant",

General Director —

Valery L. Kasaev

4A 6−Promyshlennaya Street, Vladikavkaz, RNO−Alania,

Tel.: +7 8672 76−25−75, 76−29−79

Completion of suspended building of Mozdok's garment factory with area

2 000 m2 and equipment acquisition.
Product Name.

Garments.

The Republic of North Ossetia−Alania, Mozdok District, Mozdok.

Output of products for 49 mln. rubles a year.

Investment estimations according to design estimates dated 1985.

150 mln. rubles (costs of incompleted construction is 70 mln. rubles).

Payback period — 3 years.

Direct investment. Joint venture with the investor.

Director General of JSC "Mozdokskaya Shveynaya Fabrika" —

Viktor I. Kvasnikov,

RNO−Alania, Mozdok District, Mozdok, Kirov St., 155,

Phone: (86736) 3−20−27
CONSTRUCTION
Industrial Engineering for Gravel Broken Stone

and Sandy Gravel

Industrial engineering for gravel broken stone and sandy gravel on the base of LLC "Agroprominvest".

Gravel broken stone and sandy gravel.

Building.

The Republic of North Ossetia−Alania, Ardonsky District, Ardon.

72 thousand m3 products a year.

Business plan.

38 mln. rubles.

Payback Period — 2.5 years.

Direct investment.

Joint venture with the investor.
Investment Project Initiator.

LLC "Agroprominvest",

Director General — Alan K. Madzaev,

363300, RNO−Alania, Ardonsky District, Ardon, Sovetov St., 3,

Phone: (86732) 3−36−26, 3−38−48

Construction of Limestone Plant Based

on Kaluh Non−Ore Deposit
Goal of the Project.

Construction of the plant, producing limestone powder, lumped limestone and construction road−metal based on the Kaluh non−ore deposit on the territory of Iraf District of the Republic of North Ossetia−Alania.

Kaluh, Iraf District, Republic of North Ossetia−Alania.

Limestone powder — 50 thousand tons a year, lumped limestone —30 thousand tons a year, limestone road−metal — 120 thousand tons a year.

Limestone powder, lumped limestone, limestone road−metal.

Construction, Agriculture.

Existing business−plan.

200 million rubles.

Payback period — 4 years.

NPV — 40 million rubles.

IRR — 30,9%.

Direct investment. Joint venture with the investor.

Head of Administration of Iraf District of RNO−A —

Igor A. Takhoev,

18 Makoev Street, Chikola, RNO−Alania.

Tel.: +7 86734 3−17−87, +7 86734 3−00−17
Reconstruction of Brick Producing Facilities

in the Republic of North Ossetia−Alania

Reconstruction of two existing brick producing plants in Beslan and Alagir and construction of a new facility, using half−dried forming technology, in Iraf District.

Beslan, Alagir and Iraf District of the Republic of North Ossetia−Alania.

15 million bricks a year by each of the plants.

Simple and facing ceramic bricks.

Construction.

Possible sales to neighbouring regions.
Project Stage.

Feasibility Study.

314,25 million rubles.

Payback period — 3,5 years.

NPV — 139,3 million rubles.

IRR — 27,13%.

Creation of a joint venture with the investor.

Ministry of Architecture and Construction Policy of RNO−Alania,

Minister — Evgeny P. Rodionov,

5 Svobody Square, Vladikavkaz,

RNO−Alania, Russia 362040,

Tel./Fax: +7 8672 53−83−87, +7 8672 54−71−63,

E−mail: ministry.alania@mail.ru
Production of Three Layer Parquet Boards

from Local Аrdwood

Construction of a wood−processing plant using local hardwood on the equipment by "Costa" (Italy) on the premises of JSC "Ir−Les".

Digora, Republic of North Ossetia−Alania.

950 thousand square meters a year.

Three layer parquet board.

Construction.

First stage is being implemented.

250 million rubles.

Payback Period 3 years.

NPV — 380,5 million rubles.
Possible Forms and Terms of Financing.

Direct Investment.

Creation of a joint venture with the investor.
Project Initiator.

Local Self−Government Administration of Digora District,

Head of Administration —

Ahsarbek S. Gulaev,

19 Stalina Street, Digora,

RNO−Alania, Russia 363400.

Tel./Fax: +7 86733 91911, 9−10−88.

Technical Re−Equipment

of JSC "Vladikavkazsky Domostroitelny Kombinat"
Goal of the Project.

Production of reinforced concrete structures for civil and housing construction.

Vladikavkaz, RNO−Alania.

125 thousand square meters a year.

Reinforced concrete panels and multi−level separating panels, concrete, rein−

forcement structures.
Sphere of Use.

Construction.

Feasibility Study.

60,8 million rubles.

Payback period — 3,3 years.

NPV — 6,4 million rubles.

IRR — 24,9%.

Direct investment.

Creation of a joint venture with the investor.
Project Initiator.

JSC "Vladikavkazsky Domostroitelny Kombinat",

Director — Elbrus Kh. Kudzoev,

21 Pozharskogo Street,

Vladikavkaz, RNO−Alania,

Tel.: +7 8672 76−13−41,

Fax: +7 8672 76−13−29
Production of Decorative Facing Bricks Using the

Technology of Hyperpressing at JSC "Vladikavkaz Plant

of Silicate Brick"
Goal of the Project.

Reconstruction of the existing silicate brick producing plant and its reequipment in accordance with hyperpressing technology, allowing to produce decorative facing bricks.

Vladikavkaz, RNO−Alania.

8 million bricks a year.

Facing bricks, decorative facade tiles.

Construction.

Feasibility study.

68 million rubles.

Payback period — 3 years.

NPV — 14,9 million rubles.

IRR — 33,9%.

Direct investment.

Creation of a joint venture with the investor.
Project Initiator.

Ministry of Architecture and Construction Policy of RNO−Alania,

Minister — Evgeny P. Rodionov,

5 Svobody Square, Vladikavkaz, RNO−Alania, Russia 362040

Tel./Fax: +7 8672 53−83−87, +7 8672 54−71−63,

E−mail: ministry.alania@mail.ru

Prefabricated Monolithic Multi−Storeyed Frame Houses

Implementation of this project presupposes reconstruction of Vladikavkaz Housing Construction Plant and its specialization on production of prefabricated monolithic frame−house units (hollow slabs up to 12 meters long, columns, ventilation blocks, rigidity diaphragms, elevator wells, stairway flights, foundation blocks), and also facilities for production of concrete pipes, facing stone and sidewalk tile.

21 Pozharskogo Street, Vladikavkaz, RNO−Alania.

Construction.

Construction of 200 thousand square meters of multi−storeyed housing a year.

Feasibility Study.

220 million rubles.

Discounted payback period — 2,4 years.

IRR — 48,07%.

NPV — 91 748,4 thousand rubles.

Direct investment.

Joint venture with the investor.
Project Initiator.

Ministry of Architecture and Construction Policy of RNO−Alania,

Minister — Evgeny P. Rodionov;

Deputy minister — Kazbek A. Ktsoev.

5 Svobody Square, Vladikavkaz, RNO−Alania, Russia 362040,

Tel./Fax: +7 8672 53−83−87, +7 8672 54−71−63,

E−mail: ministry.alania@mail.ru

Introduction of a Technological "Extrablock" Line for

Production of Construction Units of Auto−Clave Porous

Concrete with Annual Output of 60 Thousand of Cubic

Meters at Vladikavkaz Silicate Brick Plant, JSC