Government to do its best for Armenia’s chemical giant re-launch – ministry of energy
11.09.2014,
10:59
Armenia’s government will do its best to restart Nairit chemical plant, minister of energy and natural resources Yervand Zakharyan said at a government hour in the parliament on Wednesday.
YEREVAN, September 11. /ARKA/. Armenia’s government will do its best to restart Nairit chemical plant, minister of energy and natural resources Yervand Zakharyan said at a government hour in the parliament on Wednesday.
A package of measures is being developed for the possible restart, and it will be submitted first for government’s consideration, than to the parliament, Zakharyan said.
The minister refrained from specifying the details, but said they are making every effort.
Zakharyan said the government will keep its promise and will pay the salary arrears to the staff of the plant by mid September.
The package of measures related to the future of the chemical giant is expected to in the government by September 15.
Nairit was the only plant in the Soviet Union to produce chloroprene rubber. The plant was closed in 1989 for environmental reasons and resumed operating partially in 1992. In 2001, some production facilities were separated from the plant for producing chloroprene rubber and a debt-free enterprise based on them was established.
In 2006, 90% of Nairit’s shares were sold to British Rainoville Property Limited for $40 million. The remaining 10% belong to the Armenian government.
In late December 2013, Rosneft, Pirelli Tyre Armenia and Rosneft-Armenia signed a memorandum to produce butadiene-styrene rubber here.
Former prime minister Tigran Sargsyan said that Rosneft wanted to invest $400 million in the new plant. –0--
