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ArmenAl foil mill increases output by 26 percent

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  • ArmenAl foil mill increases output by 26 percent

    ArmenAl foil mill increases output by 26 percent

    YEREVAN, July 16. /ARKA/. ArmenAl aluminum foil mill in N Yerevan said
    its output grew by 26% in the first six months of the year compared
    to the same period of last year.

    According to Armenia's National Statistical Service, the mill
    produced 9,620 tons of foil in the first six months of 2009 and a
    total of 21,500 tons of foil last year, by 83.5% more than in 2008.
    ArmenAl CEO Sergey Borovik said the plant has succeeded in reducing
    production costs, toughening technology discipline and introduction of
    a comprehensive program designed to cut the costs. He said this has
    resulted in higher wages for the staff. ArmenAl employs currently 700
    people with an average monthly wage of 235,000 Drams, which is by 30%
    higher than in 2009.

    The company has also managed to start production of extra thin foil
    and installed new equipment.
    Founded in May 2000 as part of the Kanaker aluminum smelter, ArmenAl
    is one of the largest industrial sites in Armenia and the only
    aluminum foil mill in the Caucasus and Central Asia. After joining
    RUSAL in 2000 the foil mill became part of the company's Packaging
    Division, which also includes SAYANAL and Urals Foil. -0-




    From: A. Papazian
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