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NEW CHEMICAL PLANT CONSTRUCTION TO START IN ARMENIA THIS YEAR - PRESIDENT
YEREVAN, February 17. /ARKA/. Construction of a new chemical plant
will be launched in Armenia this year, president Serzh Sargsyan said
at a congress of sociopolitical Erkrapah Union of Volunteers Saturday.
If some instigators do not mislead Nairit staff, the construction
will start this year, president said adding preliminary agreements
are made and design works are completed.
Sargsyan also said the old Nairit plant may be re-commissioned.
Nairit was the only plant in the Soviet Union producing chloroprene
rubber. The plant was closed in 1989 for environmental reasons and
resumed operating partially in 1992. In 2006, 90% of Nairit's shares
were sold to British Rainoville Property Limited for $40 million. The
remaining 10% belong to the Armenian government. The plant operations
were suspended in 2010.
On December 25, 2013, Rosneft, Pirelli Tire Russia and Rosneft-Armenia
signed a memorandum of understanding in Yerevan to set up a joint
venture for butadiene-styrene rubber production. Armenia's premier was
cited as saying Rosneft was planning to invest 400 million dollars
in construction of a new plant in Armenia. Russian ambassador to
Armenia Ivan Volinkin said specialist form Nairit will be demanded
in the new plant. -0--
- See more at:
http://arka.am/en/news/economy/new_chemical_plant_construction_to_start_in_armeni a_this_year_president/#sthash.RTSDTyAy.dpuf
YEREVAN, February 17. /ARKA/. Construction of a new chemical plant
will be launched in Armenia this year, president Serzh Sargsyan said
at a congress of sociopolitical Erkrapah Union of Volunteers Saturday.
If some instigators do not mislead Nairit staff, the construction
will start this year, president said adding preliminary agreements
are made and design works are completed.
Sargsyan also said the old Nairit plant may be re-commissioned.
Nairit was the only plant in the Soviet Union producing chloroprene
rubber. The plant was closed in 1989 for environmental reasons and
resumed operating partially in 1992. In 2006, 90% of Nairit's shares
were sold to British Rainoville Property Limited for $40 million. The
remaining 10% belong to the Armenian government. The plant operations
were suspended in 2010.
On December 25, 2013, Rosneft, Pirelli Tire Russia and Rosneft-Armenia
signed a memorandum of understanding in Yerevan to set up a joint
venture for butadiene-styrene rubber production. Armenia's premier was
cited as saying Rosneft was planning to invest 400 million dollars
in construction of a new plant in Armenia. Russian ambassador to
Armenia Ivan Volinkin said specialist form Nairit will be demanded
in the new plant. -0--
- See more at:
http://arka.am/en/news/economy/new_chemical_plant_construction_to_start_in_armeni a_this_year_president/#sthash.RTSDTyAy.dpuf