$6mln invested in development of production at Armenian Armenal factory in 2007-2008
22.10.2008,
19:21
Investments in development of production at Armenian ARMENAL factory totaled about $6mln in 2007-2008, the Press Service of RUSAL told ARKA Agency Tuesday.
YEREVAN, October 22. /ARKA/. Investments in development of production at Armenian ARMENAL factory totaled about $6mln in 2007-2008, the Press Service of RUSAL told ARKA Agency Tuesday.
According to the report, these investments were used mainly to launch production of thin foil that is most demanded on the international market.
RUSAL reported that serial production of 9-micrometer thin foil was launched at ARMENAL foil-rolling factory. The share of thin foil in overall output is to constitute over 70% when all production capacities are operated in the factory. The products are to be exported to the USA, Europe and Middle East, the press release says.
The company invested a total of over $70mln in a complex modernization program in ARMENAL that enabled expanding the thin foil production facilities.
Thin foil is used for household purposes and is widely utilized in food industry in combination with other materials.
The quality of ARMENAl’s products is certified by Rosstandard and the German ISEGA firm in line with the requirements for packaging of foodstuffs, medicines and drugs. Currently the production of foil thinner than 9 micrometers is being launched at the factory.
ARMENAL established in Yerevan in May 2000 based on Kanaker Aluminum Factory (KanAZ) is currently one of the biggest industrial enterprises in Armenia and the only producer of aluminum foil in the Caucasus and the Central Asia. The factory’s staff is over 700 people. The enterprise joined RUSAL in 2000 and, together with “Sayanskaya folga”, SAYANAL and “Uralskaya folga”, is the packaging division of the company.
OK RUSAL is the leader in world’s aluminum industry with its products exported to 70 countries. OK RUSAL’share is about 12% in world’s aluminum market and 15% in alumina market. The company has its offices in 19 countries all over the world. The company was founded in March 2007 as a result of a merger of RUSAL, SUAL and Glencore alumina assets. The company’s staff is 100,000 employees. –0--
According to the report, these investments were used mainly to launch production of thin foil that is most demanded on the international market.
RUSAL reported that serial production of 9-micrometer thin foil was launched at ARMENAL foil-rolling factory. The share of thin foil in overall output is to constitute over 70% when all production capacities are operated in the factory. The products are to be exported to the USA, Europe and Middle East, the press release says.
The company invested a total of over $70mln in a complex modernization program in ARMENAL that enabled expanding the thin foil production facilities.
Thin foil is used for household purposes and is widely utilized in food industry in combination with other materials.
The quality of ARMENAl’s products is certified by Rosstandard and the German ISEGA firm in line with the requirements for packaging of foodstuffs, medicines and drugs. Currently the production of foil thinner than 9 micrometers is being launched at the factory.
ARMENAL established in Yerevan in May 2000 based on Kanaker Aluminum Factory (KanAZ) is currently one of the biggest industrial enterprises in Armenia and the only producer of aluminum foil in the Caucasus and the Central Asia. The factory’s staff is over 700 people. The enterprise joined RUSAL in 2000 and, together with “Sayanskaya folga”, SAYANAL and “Uralskaya folga”, is the packaging division of the company.
OK RUSAL is the leader in world’s aluminum industry with its products exported to 70 countries. OK RUSAL’share is about 12% in world’s aluminum market and 15% in alumina market. The company has its offices in 19 countries all over the world. The company was founded in March 2007 as a result of a merger of RUSAL, SUAL and Glencore alumina assets. The company’s staff is 100,000 employees. –0--
