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ARMENIAN, RUSSIAN PRIME MINISTERS TO DISCUSS SOON PROSPECTS FOR LAUNCHING CHEMICAL GIANT NAIRIT
YEREVAN, July 10. /ARKA/. Armenian Prime Minister Hovik Abrahamyan,
told Thursday the employees of Nairit, Armenia's chemical giant,
who gathered outside the government building, that he will discuss
prospects for launching the plant with his Russian counterpart Dmitry
Medvedev when meets him in Sochi on July 11.
Dozens of people gathered today outside the government's building
demanding repayment of their accumulated outstanding salaries.
Nairit was the only plant in the Soviet Union to produce chloroprene
rubber. The plant was closed in 1989 for environmental reasons and
resumed operating partially in 1992.
In 2001, some production facilities were separated from the plant for
producing chloroprene rubber and a debt-free enterprise based on them
was established.
In 2006, 90% of Nairit's shares were sold to British Rainoville
Property Limited for $40 million. The remaining 10% belong to the
Armenian government.
In late December 2013, Rosneft, Pirelli Tyre Armenia and
Rosneft-Armenia signed a memorandum to produce butadiene-styrene
rubber here.
Earlier, former prime minister Tigran Sargsyan said that Rosneft wanted
to invest $400 million in the new plant, and Russian Ambassador to
Armenia Ivan Volinkin voiced hope that Nairit specialists would be
in demand at the new enterprise.
Rosneft has not backtracked on its investment program so far.
Nairit's outstanding payments totaled $12 million in November
2013..-0----
- See more at:
http://arka.am/en/news/economy/armenian_russian_prime_ministers_to_discuss_soon_p rospects_for_launching_chemical_giant_nairit_/#sthash.gUjGNl4G.dpuf
YEREVAN, July 10. /ARKA/. Armenian Prime Minister Hovik Abrahamyan,
told Thursday the employees of Nairit, Armenia's chemical giant,
who gathered outside the government building, that he will discuss
prospects for launching the plant with his Russian counterpart Dmitry
Medvedev when meets him in Sochi on July 11.
Dozens of people gathered today outside the government's building
demanding repayment of their accumulated outstanding salaries.
Nairit was the only plant in the Soviet Union to produce chloroprene
rubber. The plant was closed in 1989 for environmental reasons and
resumed operating partially in 1992.
In 2001, some production facilities were separated from the plant for
producing chloroprene rubber and a debt-free enterprise based on them
was established.
In 2006, 90% of Nairit's shares were sold to British Rainoville
Property Limited for $40 million. The remaining 10% belong to the
Armenian government.
In late December 2013, Rosneft, Pirelli Tyre Armenia and
Rosneft-Armenia signed a memorandum to produce butadiene-styrene
rubber here.
Earlier, former prime minister Tigran Sargsyan said that Rosneft wanted
to invest $400 million in the new plant, and Russian Ambassador to
Armenia Ivan Volinkin voiced hope that Nairit specialists would be
in demand at the new enterprise.
Rosneft has not backtracked on its investment program so far.
Nairit's outstanding payments totaled $12 million in November
2013..-0----
- See more at:
http://arka.am/en/news/economy/armenian_russian_prime_ministers_to_discuss_soon_p rospects_for_launching_chemical_giant_nairit_/#sthash.gUjGNl4G.dpuf