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RUSAL TO INVEST USD 6 MILLION IN FOIL PLANT IN ARMENIA BY 2015
Steel Guru
http://www.steelguru.com/metals_news/Rusal_to_invest_USD_6_million_in_foil_plant_in_Arm enia_by_2015/253516.html
March 6 2012
India
Interfax reported that UC Rusal, the world largest aluminum producer,
will invest USD 6 million in the modernization of foil producer Rusal
Armenal in 2012-2014.
The money will be invested in order to increase the plant production
to 33,600 tonnes of aluminum foil per year. The plant produced 25,313
tonnes of foil in 2011, 2.7% more than in 2010. Exports edged up 0.9%
by volume to 25,041 tonnes, but rose 10.8% in value to USD 86.984
million.
Armenal said overall investment in the modernization and development
of the plant exceeded USD 120 million in 2000-2011. Over this period,
the plant produced more than 130,000 tonnes of product, almost all
of which was exported to the United States, Europe and the Middle East.
The US accounts for 80% of foil exports.
Armenal set up on the basis of the Kanaker Aluminum Plant and is the
only producer of aluminum foil in the Caucasus and Central Asia. Rusal
acquired the plant in 2000 and it is part of the Russian company
packaging division along with Sayanal, Ural Foil and Sayansk Foil.
From: Emil Lazarian | Ararat NewsPress
Steel Guru
http://www.steelguru.com/metals_news/Rusal_to_invest_USD_6_million_in_foil_plant_in_Arm enia_by_2015/253516.html
March 6 2012
India
Interfax reported that UC Rusal, the world largest aluminum producer,
will invest USD 6 million in the modernization of foil producer Rusal
Armenal in 2012-2014.
The money will be invested in order to increase the plant production
to 33,600 tonnes of aluminum foil per year. The plant produced 25,313
tonnes of foil in 2011, 2.7% more than in 2010. Exports edged up 0.9%
by volume to 25,041 tonnes, but rose 10.8% in value to USD 86.984
million.
Armenal said overall investment in the modernization and development
of the plant exceeded USD 120 million in 2000-2011. Over this period,
the plant produced more than 130,000 tonnes of product, almost all
of which was exported to the United States, Europe and the Middle East.
The US accounts for 80% of foil exports.
Armenal set up on the basis of the Kanaker Aluminum Plant and is the
only producer of aluminum foil in the Caucasus and Central Asia. Rusal
acquired the plant in 2000 and it is part of the Russian company
packaging division along with Sayanal, Ural Foil and Sayansk Foil.
From: Emil Lazarian | Ararat NewsPress