Union of domestic commodity producers urges authorities to help resume operation of chemical plant in Vanadzor

Union of domestic commodity producers urges authorities to help resume operation of chemical plant in Vanadzor

YEREVAN, April 1. / ARKA /. Vazgen Safaryan, the chairman of the Union of Domestic Commodity Producers, urged today the government to help resume the operation of a major chemical plant in Armenia’s third largest town of Vanadzor, the administrative center of northern region of Lori.

Speaking at a news conference he said a lot of money had been invested in its rehabilitation. It passed then from hand to hand and was rumored to start operation, but it did not happen yet.

He said the plant is of paramount importance for Armenia, especially in terms of production of ammonia and nitrogen fertilizers which have great demand in the country.

Safaryan said about 90 tons of ammonia is used in Armenia a month. Local companies have to buy it in the neighboring Georgia at $1,000 per ton.

Armenia buys also over 8000 tons of nitrogen fertilizers in Georgia, which the Vanadzor chemical plant can also produce. Besides, according to him, the Vanadzor chemical plant was ready to start production of corundum that also could be sold to local enterprises.

The Prometheus Khimprom company in Vanadzor is a merger of three companies - Vanadzor chemical plant, Vanadzor fiber plant and the Vanadozr thermal power plant that was commissioned in 2005 after long periods of idleness. The company is owned by the British-registered Russian Roding International Limited. -0-

18:37 01.04.2014

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