ARMENIAN PREMIER: VANADZOR CHEMICALS PLANT NEEDS $300 FOR FULL-CAPACITY OPERATION
ARKA
March 18, 2009
VANADZOR, March 18. /ARKA/. The Vanadzor-based Prometey-Khimprom
plant needs at least $300mln for resuming its full-capacity operation,
RA Prime Minister Tigran Sargsyan told reporters.
"Even before the crisis the Prometey-Khimprom plant was in the
highlight of the Government as a backbone enterprise capable of
increasing output," Premier Sargsyan said following his visit to
the plant.
He pointed out that the various economic sectors of Armenia consume
the products manufactured by the plant, and its development is of
essential importance for the economic security and stability as well
as for a solid economic system.
"Everything possible must be done for the plant to operate," the
Premier said. He added that all the programs agreed on with the plant
management will be implemented this year provided $3mln is invested
in the plant.
"We arranged that from today the plant will start taking measure
to organize production, and at the end of this year we will have
carbamide intended for agricultural purposes," Sargsyan, said.
He added that the carbamide producing shop will be operating at its
full capacity next year, which will satisfy the agricultural sector’s
demand for fertilizers.
The Armenian Premier also pointed out that the first step will be the
owner’s approval of the arrangement , which implies the creation of
500 jobs during one year.
The Prometey-Khimprom CJSC resumed operation in 2005.