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Vanadzor chemical plant may launch carbamide production on April 1: Armenian premier

19.03.2009, 19:37
Armenia’s Vanadzor Khimprom chemical plant is likely to launch carbamide production on April 1, with the first output expected in six months, RA Prime Minister Tigran Sargsyan said Wednesday after his visit to the plant.
YEREVAN, March 19. /ARKA/. Armenia’s Vanadzor Khimprom chemical plant is likely to launch carbamide production on April 1, with the first output expected in six months, RA Prime Minister Tigran Sargsyan said Wednesday after his visit to the plant.

“This will enable the plant to expand its capacities and re-employ around 550 workers, as Vanadzor heat station is also going to open soon,” the premier was quoted saying.

Sargsyan said the government stands ready to support the plant in marketing carbamide.

“The annual demand for potash manure that needs replenishment every three years may reach $9mln,” he said, adding the government annually procures around 25,000 tons of fertilizers.

If the government allocates subsidies for carbamide procurement, farms will benefit from the relatively low price and high quality of carbamide fertilizers, the prime minister said.

Prometey-Khimprom CJSC resumed operation in 2005. After an abortive attempt to transfer the plant to the Slovakian Dividend Group, the plant was re-operated by it actual owner, Zakneftegazstroy-Prometey OJSC (Russia), which purchased the plant for $1.5mln in May 1999. –0--