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ISSUE OF PARTICIPATION OF POLISH COMPANIES IN MODERNIZATION OF "NAIRIT" TO BE NARROWED DURING THE YEAR
/ARKA/
October 18, 2011
YEREVAN
YEREVAN, October 18. /ARKA/. Issue of participation of a number of
Polish companies in the implementation of large-scale investment
program in the Armenian plant of chloroprene rubber "Nairit" will be
solved during a year, said Ambassador of Poland in Armenia Zdzislaw
Raczinski in the press-conference on Tuesday.
Armenian Energy and Natural Resource Minister Armen Movsisyan announced
in June that the wish to participate in the tender of operator on
the implementation of investment program of "Nairit" expressed three
Polish companies.
"Final results will be announced not soon as we speak about large
amounts", said Raczinski.
Secretary of National Security Council Artur Baghdasaryan said
that Armenia and Poland have already agreed on the further steps in
strengthening cooperation in economy.
Earlier Movsisyan said that modernization of the Armenian plant
"Nairit" to bring it into line with international standards will
require about $400-500 million investments.
He said that the volume of international liabilities accumulated by
the plant, including CIS Interstatebank is assessed $120-150 million,
and internal liabilities towards Armenian banks - about $20-25 million.
Scientific-Research company "Nairit' was monopolist of chloroprene
rubber in the territory of USSR. In 1989 it was closed due to ecologic
reasons. The work in the plant was partially re-started in 1992-1993.
In 2001 production capacities were removed from "Nairit' necessary
for the production of chloroprene rubber . In 2006, 90% of shares
of the company was sold to British consortium Rainoville Property
Limited for $40 million. The remaining 10% of shares belongs to the
government of Armenia.
/ARKA/
October 18, 2011
YEREVAN
YEREVAN, October 18. /ARKA/. Issue of participation of a number of
Polish companies in the implementation of large-scale investment
program in the Armenian plant of chloroprene rubber "Nairit" will be
solved during a year, said Ambassador of Poland in Armenia Zdzislaw
Raczinski in the press-conference on Tuesday.
Armenian Energy and Natural Resource Minister Armen Movsisyan announced
in June that the wish to participate in the tender of operator on
the implementation of investment program of "Nairit" expressed three
Polish companies.
"Final results will be announced not soon as we speak about large
amounts", said Raczinski.
Secretary of National Security Council Artur Baghdasaryan said
that Armenia and Poland have already agreed on the further steps in
strengthening cooperation in economy.
Earlier Movsisyan said that modernization of the Armenian plant
"Nairit" to bring it into line with international standards will
require about $400-500 million investments.
He said that the volume of international liabilities accumulated by
the plant, including CIS Interstatebank is assessed $120-150 million,
and internal liabilities towards Armenian banks - about $20-25 million.
Scientific-Research company "Nairit' was monopolist of chloroprene
rubber in the territory of USSR. In 1989 it was closed due to ecologic
reasons. The work in the plant was partially re-started in 1992-1993.
In 2001 production capacities were removed from "Nairit' necessary
for the production of chloroprene rubber . In 2006, 90% of shares
of the company was sold to British consortium Rainoville Property
Limited for $40 million. The remaining 10% of shares belongs to the
government of Armenia.