AMP COMPANY INCREASED PRODUCTION OF FERROMOLYBDENUM IN 2007 BY 29,1%

arminfo
2008-01-25 15:14:00

ArmInfo. The Armenian Molybdenum Production (AMP) Company produced
2815 tons of ferromolybdenum in 2007, that is more by 29,1% than in
2006, the AMP Company told ArmInfo.

According to the source data, the production of ferromolybdenum in
money terms made up 34488,9 mln drams, that is more by 27,3% than in
2006. Total of 4058 tons of molybdenum concentrate were processed in
2007, 3720 tons of which were purchased from the Armenian producers
and 338 tons – from the foreign suppliers in order to process
to ferromolybdenum. Construction of the workshop on production of
perrhenate ammonium was completed last year and about 160 kg of this
product have been produced . Production of the aluminum powder has been
also organized, and the finished product is used for the own production
so far. The Company transferred 694,1 mln drams to Armenia’s budget
in 2007, including 518,1 mln drams in the way offset on account of
VAT. The deductions on social insurance made up 107,0 mln drams.

To recall, the Armenian Molybdenum Production Company was created in
2003 on the outskirts of Yerevan. The enterprise started to function
stably since 2004. The production capacities of AMP make up 5,000
tons of ferromolybdenum per year.