ARMENIAN-CHINESE RUBBER FACTORY IN CHINA
AZG Armenian Daily
27/03/2008
Armenia-China
In an interview with Armenpress agency Director of "Nairit 2"
factory Albert Sukiasian mentioned that the factory is being built
with Armenian technologies and ideas and financing of the Chinese
side. About 100 mln US dollars were invested by Chinese banks,
expressed in credits. According to A. Sukiasian, the Armenian factory
construction technologies met with the Chinese side’s approval as
they provide high quality in view of ecology and security and meet
modern demands.
The factory will have about 30 thousand tons of rubber and caustic
soda industry. The volumes may grow in the future connected with
their increased demands in Chinese market.
At present there are two other factories in China that have the same
product but they work with old technologies. Therefore, they have
many problems in view of security. The Armenian-Chinese factory will
have higher quality of security", said the specialist.
40 percent of the shares belong to Armenia. It’s first time that
Armenia opens a joint factory with other country in the latter’s
territory.