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Armenian Titanium Production Company Completed Construction Of New W

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  • Armenian Titanium Production Company Completed Construction Of New W

    ARMENIAN TITANIUM PRODUCTION COMPANY COMPLETED CONSTRUCTION OF NEW WORKSHOP ON PRODUCTION OF ALUMINUM POWDER

    arminfo
    2007-10-30 16:51:00

    ArmInfo. The Armenian Titanium Production (ATP) Company has completed
    construction of a new workshop on production of an aluminum powder
    with output to 200 tons per month, the ATP told ArmInfo.

    According to the source data, the aluminum powder, being obtained
    at the plant, will be used for production of ferromolybdenum
    and ferrotitanium. The latter's production has been temporarily
    suspended in view of the economic inexpediency. This is connected
    with devaluation of the American dollar in relation to the Armenian
    dram. The Company's calculations were made by the rate of 500
    AMD/$1 USD. The Company added that it is scheduled to set up a pilot
    production of ferrovanadium.

    To note, the Armenian Titanium Production Company was created on the
    basis of the "EnergyComplex" Ltd in 2006 by the production extension,
    reorganization and renaming of the enterprise. The ATP's owners are
    private persons, RA residents.

    From: Emil Lazarian | Ararat NewsPress
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