Armenian, Russian prime ministers to discuss soon prospects for launching chemical giant Nairit

Armenian, Russian prime ministers to discuss soon prospects for launching chemical giant Nairit

YEREVAN, July 10. /ARKA/. Armenian Prime Minister Hovik Abrahamyan, told Thursday the employees of Nairit, Armenia’s chemical giant, who gathered outside the government building, that he will discuss prospects for launching the plant with his Russian counterpart Dmitry Medvedev when meets him in Sochi on July 11. 

Dozens of people gathered today outside the government’s building demanding repayment of their accumulated outstanding salaries. 

Nairit was the only plant in the Soviet Union to produce chloroprene rubber.  The plant was closed in 1989 for environmental reasons and resumed operating partially in 1992. 

In 2001, some production facilities were separated from the plant for producing chloroprene rubber and a debt-free enterprise based on them was established.  

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. 

In late December 2013, Rosneft, Pirelli Tyre Armenia and Rosneft-Armenia signed a memorandum to produce butadiene-styrene rubber here.  

Earlier, former prime minister Tigran Sargsyan said that Rosneft wanted to invest $400 million in the new plant, and Russian Ambassador to Armenia Ivan Volinkin voiced hope that Nairit specialists would be in demand at the new enterprise. 

Rosneft has not backtracked on its investment program so far. 

Nairit’s outstanding payments totaled $12 million in November 2013..-0----

17:32 10.07.2014

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