ARMENPRESS
ARMENAL PRODUCES 12, 256 TONS OF PRODUCTS
YEREVAN, FEBRUARY 18, ARMENPRESS: ArmenAl foil mill facility in
Yerevan, owned by Russian RusAl, manufactured last year 12,256
tons of products, Alexander Melkumian, a press officer for ArmenAl,
told Armenpress.
He said 1,010 tons were produced in December alone. In 2006 the
plant produced only 945 tons of foil.
He said the modernization program that has provided for a major
upgrade in foil rolling equipment and the establishment of a full
production cycle are expected 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.
ArmenAl sells its products to Europe, USA and Iran and in Armenia.