Announcement

Collapse
No announcement yet.

Armenian Premier: Vanadzor Chemicals Plant Needs $300 For Full-Capac

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

  • Armenian Premier: Vanadzor Chemicals Plant Needs $300 For Full-Capac

    ARMENIAN PREMIER: VANADZOR CHEMICALS PLANT NEEDS $300 FOR FULL-CAPACITY OPERATION

    ARKA
    March 18, 2009

    VANADZOR, March 18. /ARKA/. The Vanadzor-based Prometey-Khimprom
    plant needs at least $300mln for resuming its full-capacity operation,
    RA Prime Minister Tigran Sargsyan told reporters.

    "Even before the crisis the Prometey-Khimprom plant was in the
    highlight of the Government as a backbone enterprise capable of
    increasing output," Premier Sargsyan said following his visit to
    the plant.

    He pointed out that the various economic sectors of Armenia consume
    the products manufactured by the plant, and its development is of
    essential importance for the economic security and stability as well
    as for a solid economic system.

    "Everything possible must be done for the plant to operate," the
    Premier said. He added that all the programs agreed on with the plant
    management will be implemented this year provided $3mln is invested
    in the plant.

    "We arranged that from today the plant will start taking measure
    to organize production, and at the end of this year we will have
    carbamide intended for agricultural purposes," Sargsyan, said.

    He added that the carbamide producing shop will be operating at its
    full capacity next year, which will satisfy the agricultural sector's
    demand for fertilizers.

    The Armenian Premier also pointed out that the first step will be the
    owner's approval of the arrangement , which implies the creation of
    500 jobs during one year.

    The Prometey-Khimprom CJSC resumed operation in 2005.
Working...
X