Armenpress
ARMENAL TO ACHIEVE FULL CAPACITY BY MAY 2007
YEREVAN, JANUARY 31, ARMENPRESS: ArmenAl foil mill
facility in Yerevan, owned by Russian RusAl,
manufactured last year 950 tons of products, Georgy
Avetikian, the chief manager of ArmenAl, told today.
He said the modernization program that has provided
for a major upgrade in foil rolling equipment and also
the establishment of a full production cycle is to
lift the plant capacity by 25,000 tons of foil per
year, including 18,000 tons of highly profitable thin
foil in 6-9 micron gauge.
The modernization of the plant was started in 2004
and was aimed both at improving the quality of its
foil products and boosting the plant’s profitability
to make the mill one of the world leading foil
producers. A German engineering firm Achenbach was
selected to execute the program at an investment cost
of US $80 million.
Avetikian said under the plant’s business plan, it
has to achieve its full capacity by 2007 May. ArmenAl
sells its products to Europe, USA and Iran, but
domestic consumption is only about 500 kg monthly,
bought by dairies, tobacco and other companies,
nevertheless it is twice more than several years ago.