ARMENIAN METALLURGY ON NEW LEVEL
Pres. Kocharian Stated
Azg/am
27 Oct 04
Number of enterprises operating in Armenia increased this year. The
Neolita stone-working factory and Energokomplex Ltd. and Armenian
Molybdenum Production Complex are among those new. Pres. Robert
Kocharian stated after visiting the Complex that it releases products
of high quality.
The Neolita stone-working factory operates due to Russian-Armenian
Yuri Sarkisianâ~@~Ys investment of $2 million and 100 thousand. Yuri
Sarkisian, shareholder of 75 per cent of shares of the factory, assured
that the production will increase in near future and they will begin
cutting onyx in Artsakh soon. The production of the factory is being
exported to Russia and USA. Sarkisian is going to open a furniture
store in Yerevan but the market needs to be inspected yet.
Yuri Sarkisian explains his desire to invest in the economy of Armenia
not only with the fact that he is Armenian and Armeniaâ~@~Ys liberal
tax laws but also Pres. Kocharianâ~@~Ys report on business given to
Armenian businessmen in St. Petersburg.
Speaking of the Energokomplex Ltd. and Armenian Molybdenum Production
Complex, Pres. Kocharian noted that the state has created good
environment for scientific progress and has removed all obstacles
on the way of producers. The factory has a wide range of production
and is engaged in carrying out orders (making anti-radiation locks)
of European Center of Atomic Research within the structure of MAGATE.
Head of the factory Karen Karapetian said that the factory produces
12 thousand tones of copper and they are going to double the
result. Products of the factory are exported to Japan, Germany,
Sweden, Italy and Austria.
Today the factory needs 100 employees. Robert Kocharian said that
the state is going to fully apply the scientific potential in order
to export products of high quality molybdenum.
By Nana Petrosian
–Boundary_(ID_5/onH5HZG7SHlMjJvKTM1w)–