Starting From Next Year Nairit To Use Butadiene Technology

STARTING FROM NEXT YEAR NAIRIT TO USE BUTADIENE TECHNOLOGY

Noyan Tapan
Oct 16, 2007

YEREVAN, OCTOBER 16, NOYAN TAPAN. Starting from 2008, Nairit Plant will
use the butadiene technology because it is not profitable to produce
rubber by using the acetylene method in case of an increase in the
price of natural gas, the acting chairman of Nairit’s board Grigor
Stepanian told reporters on October 16. In his words, everything is
being done now in order to restore the usual operation rhythm of the
plant. It is envisaged to produce 10 thousand tons of rubber a year
and export it to Western Europe, the US, Russia.

According to G. Stepanian, the company fulfils its agreement
obligations.

Particularly, Nairit has paid off all its debts, including salary
arrears.

He denied the recent rumor that the plan’s owner – Sawex company
(Poland) intends to surrender its shares.