Armenia sells major rubber plant to British company

Arminfo
18 Aug 06

Yerevan, 18 August: The Armenian government today decided to sell 90
per cent of the shares of the state-owned closed-typed stock company
the Nairit factory – the only producer of polychloroprene rubber in
the Commonwealth of Independent States – to the British-Irish company
Rhinoville Property Limited for 40m dollars, the government said in
a press release.

The press release said the British-Irish company had applied to buy
the plant and said it could invest in the plant to upgrade it.

The government instructed the energy minister to allow the Armgazprom
joint-stock company to sell 90 per cent of the shares of the Nairit
factory to the foreign investor for 40m dollars.

[Passage omitted: details]

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS