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Kocharian receives president of Volgaburmash company

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  • Kocharian receives president of Volgaburmash company

    ROBERT KOCHARIAN RECEIVES PRESIDENT OF VOLGABURMASH COMPANY

    ArmenPress
    June 15 2004

    YEREVAN, JUNE 15, ARMENPRESS: President Robert Kocharian received
    today Andrey Ischuk, a member of the upper chamber of the Russian
    Federation's parliament and the president of Russian Volgaburmash
    company. Ischuk has arrived in Armenia to accomplish the preparatory
    work for the purchase of the controlling stake of the Yerevan-based
    Nairit plant.

    Volgaburmash is an advanced machine works in Russia and is one of the
    leading world enterprises in engineering. It has also experience in
    running enterprises outside Russia, particulalry, in Ukraine.

    Kocharian's press office said that Andrey Ischuk briefed the president
    on the pace of the preparatory work, as well as on the planned
    investments in the plant. He said Volgaburmash is resolute in its
    intention to restore the previous fame of Nairit plant and is designing
    aggressive plans aimed to increase the volumes of production and sale.

    He also said the preparatory work is moving to an end and the deal
    will be signed in late June. Kocharian welcomed the entrance of the
    company in Armenia, expressing confidence that Armenia will have a
    stable and reliable partner in the person of Volgaburmash.
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