YEREVAN, February 8. /ARKA/. The Yerevan Pure Iron Plant plans to process 6,500 tons of molybdenum concentrate this year, Armenian Prime Minister Tigran Sargsyan’s press office reported today after the premier visited the plant.
“The plant is also planning to produce 3,200 tons of ferromolybdenum and 750 tons of molybdenum,” the press release says.
The company’s administration told Sargsyan that the plant’s industrial capacity has grown six times over a period between 1996 and 2013 thanks to introduction of new technologies and up-to-date equipment and it is planned to built up it also in 2013 and 2014.
The Yerevan Pure Iron Plant exports its entire output. It has 600 employees whose average salary is 220,000 drams.
The plant established in 1970 once recycled metal wastes. The plant had no more than 300 employees in the Soviet epoch.
In 1995, the plant was privatized. In 1996, it started processing molybdenum concentrate and produce ferromolybdenum. ($1 – AMD 406.10) --0---