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ArmenAl Not Closed And Increases Its Production Growth Rates

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  • ArmenAl Not Closed And Increases Its Production Growth Rates

    ARMENAL NOT CLOSED AND INCREASES ITS PRODUCTION GROWTH RATES

    NOYAN TAPAN
    http://www.nt.am?shownews=1010722
    Dec 18, 2008
    YEREVAN

    ArmenAl was not closed and it is increasing its production growth
    rates, NT correspondent was informed by Alexander Melkumian,
    spokesman for foil rolling ArmenAl company making part of Rusal group
    (Russia). To recap, at the December 17 press conference the member of
    the Armenian National Congress (ANC) Vahagn Khachatrian said that there
    is already an economic crisis in Armenia as all mining enterprises,
    ArmenAl, etc, have been either closed or half-closed.

    A. Melkumian said that the foil production grew by 3.2% to 9,740
    tons at ArmenAl in January-October 2008 on the same period of last
    year. In his opinion, the growth rates will remain the same. The
    company currently employs over 700 people. ArmenAl's production is
    exported to Europe, the U.S. and the Middle East.
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