ARMENAL OPERATES AT FULL CAPACITY

Armenpress
Oct 26 2006

YEREVAN, OCTOBER 26, ARMENPRESS: ArmenAl foil mill facility in
Yerevan, owned by Russian RusAl, is expected to resume its full
capacity operation on October 26.

The modernization of the plant was started in 2004 and was aimed
both at improving the quality of its foil products and boosting the
plant’s profitability to make the mill one of the world leading foil
producers. A German engineering firm Achenbach was selected to execute
the program at an investment cost of US $80 million.

The modernization program has provided for a major upgrade in foil
rolling equipment and also the establishment of a full production cycle
lifting the plant capacity by 25,000 tons of foil per year, including
18,000 tons of highly profitable thin foil in 6-9 micron gauge.

The modernization program, apart from a full-scale upgrade in rolling
equipment, includes the installation of new casting machines and direct
rolling mill, as well as an upgrade of hot rolling mills for creating
pf a full cycle of production. As part of the modernization program
the main foil rolling equipment has been refitted with control and
automatic management systems.