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"Nairit" Needs International Operators

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  • "Nairit" Needs International Operators

    "NAIRIT" NEEDS INTERNATIONAL OPERATORS

    ARMENPRESS
    JUNE 2, 2011
    YEREVAN

    Armenian Energy and Natural Resources Minister Armen Movsisyan
    referred at the cabinet sitting today to the current situation in the
    "Nairit" plant, saying that currently it produces chloroprene rubbers
    and latexes. About 3074 people are working in the plant. After the
    2006-2007 privatization, the biggest volume of products was registered
    in 2007-2008. The minister said the production of chloroprene rubber
    has become complicated after the increase of prices of oil products
    during the global crisis when the whole chemistry sphere appeared
    in collapse.

    Movsisyan said new development program has been worked out according
    to which the plant needs new international operators. "Investments
    amounting to 400-500 million USD are necessary. Besides we need
    such operators who will be able in today's market deal with such big
    financial investments", the minister said, adding that the deadline
    of the tender is June 15.

    Referring to the talks that the equipment is being taken out from
    "Nairit" without any grounds, he noted that there are equipment of
    4 generations the majority of which are morally outdated and cannot
    be used in technological processes. The set up commission checks the
    condition of the devices and makes corresponding decisions. But till
    now the plant owes its employees four month salaries and the foreign
    commitments of the plant make 120-130 million US dollars.

    The minister disappointed those thinking that the main shares of
    "Nairit" are connected with the RA authorities.

    Prime Minister Tigran Sargsyan said the best way to combat such
    comments is ensuring transparency. "We have informed international
    organizations, the IMF about the contest and asked to be engaged
    in saving the plant from the current situation", the head of the
    government said.



    From: Emil Lazarian | Ararat NewsPress
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