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British Company To Manage Nairit Chemical Giant?

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  • British Company To Manage Nairit Chemical Giant?

    BRITISH COMPANY TO MANAGE NAIRIT CHEMICAL GIANT?

    PanARMENIAN.Net
    May 22, 2012 - 15:12 AMT

    PanARMENIAN.Net - On May 21, the employees of Nairit were instructed
    to clean the chemical plant's production facilities. As the employees
    were informed, a visit of representatives of a British company is
    expected on May 24, with a decision on assuming control of the plant
    management to be taken.

    The plant press-service, however, refused to provide any info on the
    news above.

    As the Minister of Energy and Natural Resources Armen Movsisyan
    stated earlier, the selection of a managing company for Nairit is
    to be finalized in the months to come, with the plant to resume
    operations soon.

    Last year, the government of Armenia developed a $512 million worth
    program for reconstruction and development of Nairit; the investments
    were to be allocated to upgrading the plant and covering the debts.

    It will soon be 2 years since Nairit has stopped operations, with
    3000 employees, left unpaid for months, periodically organizing
    protest rallies.

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