Issue of participation of polish companies in modernization of “Nairit” to be narrowed during the year
19.10.2011,
00:45
Issue of participation of a number of Polish companies in the implementation of large-scale investment program in the Armenian plant of chloroprene rubber “Nairit” will be solved during a year, said Ambassador of Poland in Armenia Zdzislaw Raczinski.
YEREVAN, October 18. /ARKA/. Issue of participation of a number of Polish companies in the implementation of large-scale investment program in the Armenian plant of chloroprene rubber “Nairit” will be solved during a year, said Ambassador of Poland in Armenia Zdzislaw Raczinski in the press-conference on Tuesday.
Armenian Energy and Natural Resource Minister Armen Movsisyan announced in June that the wish to participate in the tender of operator on the implementation of investment program of “Nairit” expressed three Polish companies.
“Final results will be announced not soon as we speak about large amounts”, said Raczinski.
Secretary of National Security Council Artur Baghdasaryan said that Armenia and Poland have already agreed on the further steps in strengthening cooperation in economy.
Earlier Movsisyan said that modernization of the Armenian plant “Nairit” to bring it into line with international standards will require about $400-500 million investments.
He said that the volume of international liabilities accumulated by the plant, including CIS Interstatebank is assessed $120-150 million, and internal liabilities towards Armenian banks – about $20-25 million.
Scientific-Research company “Nairit’ was monopolist of chloroprene rubber in the territory of USSR. In 1989 it was closed due to ecologic reasons. The work in the plant was partially re-started in 1992-1993.
In 2001 production capacities were removed from “Nairit’ necessary for the production of chloroprene rubber . In 2006, 90% of shares of the company was sold to British consortium Rainoville Property Limited for $40 million. The remaining 10% of shares belongs to the government of Armenia. -0-
Armenian Energy and Natural Resource Minister Armen Movsisyan announced in June that the wish to participate in the tender of operator on the implementation of investment program of “Nairit” expressed three Polish companies.
“Final results will be announced not soon as we speak about large amounts”, said Raczinski.
Secretary of National Security Council Artur Baghdasaryan said that Armenia and Poland have already agreed on the further steps in strengthening cooperation in economy.
Earlier Movsisyan said that modernization of the Armenian plant “Nairit” to bring it into line with international standards will require about $400-500 million investments.
He said that the volume of international liabilities accumulated by the plant, including CIS Interstatebank is assessed $120-150 million, and internal liabilities towards Armenian banks – about $20-25 million.
Scientific-Research company “Nairit’ was monopolist of chloroprene rubber in the territory of USSR. In 1989 it was closed due to ecologic reasons. The work in the plant was partially re-started in 1992-1993.
In 2001 production capacities were removed from “Nairit’ necessary for the production of chloroprene rubber . In 2006, 90% of shares of the company was sold to British consortium Rainoville Property Limited for $40 million. The remaining 10% of shares belongs to the government of Armenia. -0-
