Armenian-Russian bitumen-producing company to start operating in 1st half of 2009
12.12.2008,
01:48
Joint Armenian-Russian company producing paving and build bitumen is to start its full-scale operation in the first half of 2009, Russian trade representative in Armenia Alexander Zaytsev said.
YEREVAN, December 11. /ARKA/. Joint Armenian-Russian company producing paving and build bitumen is to start its full-scale operation in the first half of 2009, Russian trade representative in Armenia Alexander Zaytsev said.
It is an advanced and promising enterprise with technologies that are hardly seen even in Russia, he said at “Novosti” International Press Center. No doubt, this project will be profitable, Zaytsev added.
Earlier, President of “MIKA Limited” company Mikhail Baghdasarov said that investments in “Abit” (“Armenian Bitumen”) factory near Surenavan (Ararat region of Armenia) total about $20mln. The total share of the Russian stockholders (three companies) is 55% with the remaining 45% belonging to “MIKA Limited” corporation.
“Abit” is to produce air-refined asphalt, paving and build bitumen; the raw material – mazout – is to be imported from Russia, Iran and Georgia.
A total of $3-5mln of investments to be made in the factory the near future are expected to pay during 3-7 years depending on prices for the products and the market situation.–0--
It is an advanced and promising enterprise with technologies that are hardly seen even in Russia, he said at “Novosti” International Press Center. No doubt, this project will be profitable, Zaytsev added.
Earlier, President of “MIKA Limited” company Mikhail Baghdasarov said that investments in “Abit” (“Armenian Bitumen”) factory near Surenavan (Ararat region of Armenia) total about $20mln. The total share of the Russian stockholders (three companies) is 55% with the remaining 45% belonging to “MIKA Limited” corporation.
“Abit” is to produce air-refined asphalt, paving and build bitumen; the raw material – mazout – is to be imported from Russia, Iran and Georgia.
A total of $3-5mln of investments to be made in the factory the near future are expected to pay during 3-7 years depending on prices for the products and the market situation.–0--
