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Tsarukyan's cement factory in Armenia stopped

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  • Tsarukyan's cement factory in Armenia stopped

    Vestnik Kavkaza, Russia
    June 14 2012

    Tsarukyan's cement factory in Armenia stopped


    Araratcement, a cement factory in Ararat, has been shut down, Panorama reports.

    The factory belongs to the family of Vazgen Sargsyan, a notable
    Armenian politician and military figure. Gagik Tsarukyan of the
    Prosperous Armenia Party became its owner in 2002.

    The factory was shut down on May 26. Locals see a political background
    in the problem. Commercial director Arman Barsegyan refused to give
    comments.

    Factory staff say that they have loans to pay AGBA.

    Rumours say that Armen Sargsyan will soon be the Executive Director.

    Vardan Oskanyan, a member of Prosperous Armenia and former Foreign
    Minister, said that he is unaware of the problem. Speaker of
    Parliament Ovik Abraamyan said that there is no political aspect in
    the case.

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