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Mika-Cement Signs Agreement On Supply Of 200 Thousand Tons Of Cement

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  • Mika-Cement Signs Agreement On Supply Of 200 Thousand Tons Of Cement

    MIKA-CEMENT SIGNS AGREEMENT ON SUPPLY OF 200 THOUSAND TONS OF CEMENT TO SOCHI

    Noyan Tapan
    http://www.nt.am/news.php?shownews=113523
    Ma y 19, 2008

    YEREVAN, MAY 19, NOYAN TAPAN. Armenian company Mika-Cement has signed
    an agreement on supply of 200 thousand tons of M-400 and M-500 cement
    for the construction of Olympic facilities for the 2014 Olympic
    Games in Sochi. The supply will be done based on bids of construction
    organizations, NT correspondent was informed by the director general
    of Mika-Cement Naira Martirosian.

    According to her, the supply will not be limited to the indicated
    amount as it is envisaged building a large number of facilities
    in Sochi, in particular, an Olympic district, with thousands of
    organizations to be involved in their construction and the supply of
    building materials, particularly, cement.

    N. Martirosian considered it possible that orders for other types of
    cement will be placed by Sochi, adding that Mika-Cement is ready to
    perform these orders. "The company has launched an investment program
    on operation of a second technological line, and orders for part of
    the necessary materials have already been placed," she said, finding it
    difficult to tell the time of the program's completion. N. Martirosian
    explained that considerable investments are needed for the investment
    program of a second new modern line. Besides, it will be necessary
    to involve a lot of contractors, especially organizations operating
    mines of raw materials. In her words, Mika-Cements will have the
    opportunity to produce 800 thousand tons of cement annually instead
    of the current 400 thousand tons after the second technological line
    is put into operation.

    She said that about 30% of the plant's production is exported to
    Russia, Georgia and Iran. Clinker, a half-finished product of cement,
    is also exported to Georgia. Mika-Cement currently employs 935 people
    and the number of employees will not considerably grow after the second
    technological line's operation as the current groups of workers will
    service the second line as well.
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