Announcement

Collapse
No announcement yet.

Armenian Nairit Restarts Production Of Rubber

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Armenian Nairit Restarts Production Of Rubber

    ARMENIAN NAIRIT RESTARTS PRODUCTION OF RUBBER

    Interfax
    April 28 2009
    Russia

    Armenian Zavod Nairit, owned by Rhinoville Property Ltd, has resumed
    production of rubber after shutting down in November 2008, General
    Director Vaan Melkonyan told journalists on Tuesday.

    The company plans to increase rubber production to design capacity
    of about 900 tonnes a month by May 5-10, producing about 6,000-6,500
    tonnes by year-end.

    Nairit will export 99% of output, mainly to Europe. The shutdown
    in November was prompted by falling demand following the onset of
    the global financial crisis, he said. Production has been restarted
    now because energy costs are substantially lower in the spring and
    summer period.

    Global demand for rubber amounts to 400,000 tonnes a year, he said.

    Nairit can produce about 8,000-10,000 tonnes a year under the current
    acetylene production scheme.

    Rhinoville Property Limited, a company set up by Polish Samex, American
    Intertex and Russian Evrogaz, owns 90% of Nairit shares. The Armenian
    state has 10%.
Working...
X