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Armenian Molybdenum Production Company Increased Ferromolybdenum Pro

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  • Armenian Molybdenum Production Company Increased Ferromolybdenum Pro

    ARMENIAN MOLYBDENUM PRODUCTION COMPANY INCREASED FERROMOLYBDENUM PRODUCTION BY 34,8% OVER NINE MONTHS OF 2007

    arminfo
    2007-10-30 16:54:00

    ArmInfo. Armenian Molybdenum Production [AMP] company produced 2157
    tons of ferromolybdenum over nine months of 2007 which is by 34,8%
    more than at the same period of 2006, director of AMP Karen Karapetyan
    told ArmInfo correspondent.

    He also added that the volume of ferromolybdenum production increased
    by 31,4% in terms of money up to 26,012 bln drams. The difference
    between the rates of growth in real and money terms the director
    explained by devaluation of America dollar. As Karapetyan predicted,
    the company will produce about 2800 tons of ferromolybdenum till the
    end of 2007. He also said that the company produced 112 kg ammonium
    perrhenate over nine months of the current year and its volumes may
    grow up to 150 kg till the end of the year. All the production of the
    company is sold in abroad. Karapetyan said that over the reported
    period the company bought and processed 2780 tons of molybdenum
    concentrate from Zangezur and Agarak cooper-molybdenum plants and
    338 tons from foreign suppliers.

    As a result of its nine months activity the company paid 537,8 mln
    drams to the state budget of Armenia. A total of 76,3 mln drams were
    paid for social insurance.

    To recall, Armenian Molybdenum Production was created in 2003. It
    started functioning in a stable way since 2004. Production capacities
    of the company amount to 5thsd tons of ferromolybdenum per year.

    From: Emil Lazarian | Ararat NewsPress
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