Armenpress

ARMENIAN-CHINESE SYNTHETIC RUBBER PLANT TO BE BUILT NEXT YEAR

YEREVAN, JULY 6, ARMENPRESS: The design work for construction of a joint
Armenian-Chinese synthetic rubber manufacturing plant will be over later
this year, the director of Nairit-2 plant, Albert Sukiasian, said. He said
the plant is supposed to be built next year.
Forty percent of shares in the plant, in the form of technology, will be
owned by the Armenian side and the rest by China. The Chinese party will
take a $100 million credit for construction of the plant. Sukiasian said the
plant will be producing some 25,000 tons of rubber at first stage then
raising it to 30,000 tons.