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  • No News From Nairit's New Operator

    NO NEWS FROM NAIRIT'S NEW OPERATOR

    http://www.a1plus.am/en/economy/2011/09/05/nairit
    02:15 pm | September 05, 2011

    Representatives of German company C.A.C., which won a tender on
    management of Yerevan-based Nairit chemical plant, have not arrived
    in Yerevan yet. They were expected to be in Armenia in late August
    to discuss their investment programs with the Ministry of Energy and
    Natural Resources.

    C.A.C. was the only company to participate in the tender for the new
    operator. The company is specialized in chemical industry.

    "We still have no news from our partners, but we shall inform you
    about our negotiations as soon as we start them," spokesperson for the
    Ministry of Energy and Natural Resources Lusine Harutyunyan told A1+.

    Nairit has stood idle for a year. The employees of the chemical plant
    have held a series of protests, demanding payment of 4-month salary.

    The plant administration has promised to pay the salary of one month
    in the coming week.

    The plant's debt totals $120-130 million, according to the Ministry
    of Energy and Natural Resources.

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