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Some $6 Million Necessary To Invest In Vanadzor-Chemprom

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  • Some $6 Million Necessary To Invest In Vanadzor-Chemprom

    SOME $6 MILLION NECESSARY TO INVEST IN VANADZOR-CHEMPROM

    /PanARMENIAN.Net/
    24.06.2009 11:00 GMT+04:00

    /PanARMENIAN.Net/ Armenian prime minister Tigran Sargsyan visited the
    "Vanadzor-Chemprom" industrial complex in Lori region, press office
    of the RA government reports. The prime minister familiarized with
    the work and programs implemented at the electric power station and
    chemical plant of Vanadzor-Chemprom.

    Current problems and projects of rehabilitation of the enterprise were
    discussed at the consultation attended by the head of RA government
    staff, ministers of agriculture, energy, natural resources, Lori
    region governor and directors of Lori's enterprises. According to
    agreements reached at the consultation, the ministry of agriculture
    will elaborate a new complex program on fertilizer production. It was
    emphasized, that Vanadzor Chemical Complex can produce fertilizers
    which are in brisk demand by Armenia's agriculture industry. That
    comprehensive project would enable to develop country's agriculture
    based on domestically produced fertilizers. The new production of
    fertilizers is expected to launch already this year at the plant.

    It was also mentioned, that Vanadzor Chemical Complex pledged to
    elaborate a multi-fledged program, including production of construction
    materials, carbides and other products with a high export potential. In
    that context, Mr. Sargsyan reminded, that agreements have already
    been reached about purchasing construction materials by enterprises
    operating in the earthquake zone.

    Mentioning, that the enterprise has debts at the moment, the prime
    minister also stressed the necessity to exploit it at a full capacity
    and bring to profitability level. According to Mr. Sargsyan, $6
    million are required to bring the enterprise to profitability level.

    From: Emil Lazarian | Ararat NewsPress
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