NAIRIT PLANT SUSPENDS PRODUCTION OF RUBBER FOR A MONTH AND A HALF

ArmInfo
2009-06-16 18:39:00

ArmInfo. Nairit Plant CJSC, the only producer of chloroprene rubber
in Armenia and CIS, announced a downtime from June 12 till August 1,
2009, the company’s press-release says.

According to the source, the downtime is needed to restore
the chloroprene production workshop damaged during the May 14
accidence. During the downtime it is also envisaged to hold scheduled
preventive maintenance in other production sections. About $200 thsd
will be needed to remove the consequences of the accidence. This amount
includes materials, equipment and human resources which are available
at the enterprise and will be used for its restoration. Meanwhile,
the work connected with preparation for launching the rubber production
line by butadiene technology will not be suspended.

According to the labor legislation of Armenia, as a result of
suspension of production, 18% of 2734 the plant employees (about 500
people) will not work temporarily.

To recall, as a result of the accidence at the plant, 4 people died
and 8 were injured. The owner of 90% of the plant shares is Rhinoville
Property Limited, and 10% of shares belong to the state.

Rhin®ville Property Limited was founded by Samex (Poland), Intertex
(USA), and Russia (Eurogas). In 2008 the plant produced 5414 tons
of rubber.