Tweet
CHEMICAL- MINING INDUSTRIAL CLUSTERS ARE ENVISAGED TO BE SET UP IN ARMENIA
Noyan Tapan
Jan 23, 2008
YEREVAN, JANUARY 23, NOYAN TAPAN. The development of mining industry
in Armenia creates an opportunity to attract investments to chemical
and machine-building sectors, the RA minister of trade and economic
development Nerses Yeritsian stated at the January 23 press conference.
"We have begun discussions with the private sector on how these
invetsments may be directed," the minister said, adding that foreign
investors also have some plans of deepening the processing cycle of
mineral resources mined in Armenia. In his words, it is envisaged to
promote development of mining and chemical industries by considering
them as a cluster, which will encourage their cooperation and efficient
use of raw materials. N. Yeritsian expressed an opinion that a shift
from big to small chemistry should be made so that "we will be able
to produce the maximal result, including in terms of intergation into
global markets".
He said that British Rhinoville company, the owner of Armenia's biggest
chemical plant Nairit, is making considerable target investments. "We
should be able to form the whole cluster in order to develop - based on
its raw materials - a new chemical industry which will be competitive
and modern from technological point of view," N. Yeritsian said.
Poduction of mining industry and metallurgy grew by 6.6%, exports by
7.1% in 2007 on 2006. Production of chemical industry grew by 20.4%
thanks to increased capacities of Nairit Plant CJSC and relaunching
of Prometey-Khimprom CJSC (Vanadzor).
Noyan Tapan
Jan 23, 2008
YEREVAN, JANUARY 23, NOYAN TAPAN. The development of mining industry
in Armenia creates an opportunity to attract investments to chemical
and machine-building sectors, the RA minister of trade and economic
development Nerses Yeritsian stated at the January 23 press conference.
"We have begun discussions with the private sector on how these
invetsments may be directed," the minister said, adding that foreign
investors also have some plans of deepening the processing cycle of
mineral resources mined in Armenia. In his words, it is envisaged to
promote development of mining and chemical industries by considering
them as a cluster, which will encourage their cooperation and efficient
use of raw materials. N. Yeritsian expressed an opinion that a shift
from big to small chemistry should be made so that "we will be able
to produce the maximal result, including in terms of intergation into
global markets".
He said that British Rhinoville company, the owner of Armenia's biggest
chemical plant Nairit, is making considerable target investments. "We
should be able to form the whole cluster in order to develop - based on
its raw materials - a new chemical industry which will be competitive
and modern from technological point of view," N. Yeritsian said.
Poduction of mining industry and metallurgy grew by 6.6%, exports by
7.1% in 2007 on 2006. Production of chemical industry grew by 20.4%
thanks to increased capacities of Nairit Plant CJSC and relaunching
of Prometey-Khimprom CJSC (Vanadzor).