ArmenAl foil mill increases output by 26 percent

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17.07.2010, 03:20

ArmenAl aluminum foil mill in N Yerevan said its output grew by 26% in the first six months of the year compared to the same period of last year.

YEREVAN, July 16. /ARKA/. ArmenAl aluminum foil mill in N Yerevan said its output grew by 26% in the first six months of the year compared to the same period of last year.

According to Armenia’s National Statistical Service, the mill produced 9,620 tons of foil in the first six months of 2009 and a total of 21,500 tons of foil last year, by 83.5% more than in 2008.
ArmenAl CEO Sergey Borovik said the plant has succeeded in reducing production costs, toughening technology discipline and introduction of a comprehensive program designed to cut the costs. He said this has resulted in higher wages for the staff. ArmenAl employs currently 700 people with an average monthly wage of 235,000 Drams, which is by 30% higher than in 2009.

The company has also managed to start production of extra thin foil and installed new equipment.
Founded in May 2000 as part of the Kanaker aluminum smelter, ArmenAl is one of the largest industrial sites in Armenia and the only aluminum foil mill in the Caucasus and Central Asia. After joining RUSAL in 2000 the foil mill became part of the company's Packaging Division, which also includes SAYANAL and Urals Foil. -0-

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