YEREVAN, February 11. / ARKA /. ArmenAl Armenian-Russian foil-rolling plant in Yerevan said it had produced 26,264 metric tons of aluminum foil in 2012, a 3.8% rise from a year before. The company said it was the highest rate for the entire 11-year period of operation.
Sales increased by 4.8 percent to 26,312 tons of aluminum foil. Per worker output increased by 5.5%, while finished products output rose by almost 1%. According to Armenia’s State Revenue Committee data, Armenal is one of the bona fide corporate taxpayers in Armenia. Last year it paid 1.641 billion drams in taxes, a 15% rise from the previous year, and also 274 billion drams in mandatory social payments, a 6% rise.
The output growth proceeded concurrently with a salary increase. Currently the plant employs about 700 people with an average wage of 260 thousand drams, which is almost 10% higher than in 2011 and 2.2 times higher than the average salary in Armenia.
RusAl packaging director Sergey Goryachev was quoted as saying in a press release that implementation of a number of projects with good payback periods will allow the plant to reach a level of 30-31 thousand tons output per year, mostly due to the use of internal resources.
The Armenal foil rolling mill was founded in May 2000 on the basis of Kanaker aluminum smelter in Yerevan. It is one of the biggest production facilities in Armenia and is the only producer of aluminum foil in the Caucasus and Central Asian regions. On May 18th, 2000 the mill was integrated into Russian United Company RUSAL. Together with two other foil mills, SAYANAL in the Russian republic of Khakasia and Urals Foil, ARMENAL forms the company’s Packaging Division. -0-