IN JUNE "ARMENAL" PRODUCES 2.500 TONS OF FOIL, A 12% IMPROVEMENT OVER ITS NOMINAL DESIGN CAPACITY

ARMENPRESS
JULY 8, 2009
YEREVAN

YEREVAN, JULY 8, ARMENPRESS: During the first half of this year
ARMENAL has improved its nominal design capacity.

An official from RUSAL Company told Armenpress that. In June,
the ARMENAL foil mill produced nearly 2,500 tons of foil, a 12%
improvement on its nominal design capacity. Overall from the beginning
of the year ARMENAL production reached 10,000 tonnes.

ARMENAL reported a 77% production increase from January to June 2009
compared to the same period 2008 and said it expected to see its
output double by the end of this year.

ARMENAL, in parallel with the expansion of output, has been making
improvements in practically every technical and economic indicator,
including a 60% reduction in production costs and minimization of
the rate of rejects due to production defects.

‘The keys to success for ARMENAL’s workers were reduced material
consumption rates, firmer process discipline, and a comprehensive
program implemented to reduce costs and raise the yield ratio,’
said ARMENAL’s Managing Director Sergey Borovik. ‘The yield ratio
more than doubled in only twelve months to 72.4% and we are set to
improve that important performance indicator to 75%.’ ARMENAL has
enough orders on hand to keep the foil mill running until the end of
this year. Its products are mainly exported to the United States with
the Middle East becoming a rapidly growing market for them.

Founded in May 2000 as part of the Kanaker aluminum smelter, ARMENAL is
one of the largest industrial sites in Armenia and the only aluminum
foil mill in the Caucasus and Central Asia. After joining RUSAL in
2000 the foil mill became part of the Company’s Packaging Division,
which also includes SAYANA Foil, SAYANAL, and Urals Foil. ARMENAL
employs 670 people.