Armenia should make & export finished metal products – President

Interfax
27 Oct. 2004

Yerevan. (Interfax) – The prospects for the development of Armenia’s
metallurgical industry are linked to ore processing with the aim of
producing and exporting finished metal products, President Robert
Kocharian has said.

Armenia will stop exporting molybdenum concentrate starting next year;
the country will be completely processing it at home and exporting
ready-made ferromolybdenum, molybdenum oxide and other products,
Kocharian said Tuesday during a visit to the recently-opened Armenian
Molybdenum Production (AMP) in Yerevan.

“We have to make full use of the country’s potential and opportunities
for exporting more value-added product,” Kocharian said. For Armenia,
this will mean economic gains, new jobs and taking advantage of the
country’s scientific potential, he said.

AMP has good prospects, he said. The plant was put into operation
with no particular breaks having to be created for it, evidence that
Armenia is a favorable place for developing industrial production,
Kocharian said.