LOCAL TESTS CONDUCTED AT ARMENIAN-CHINESE RUBBER PLANT UNDER CONSTRUCTION IN CHINA

NOYAN TAPAN
YEREVAN
JULY 27, 2009

YEREVAN, JULY 27, NOYAN TAPAN. Local tests of equipment are being
conducted at the Armenian-Chinese rubber joint venture under
construction in China. NT correspondent was informed by Deputy
Director of Nairit-2 plant Albert Sukiasian that the local tests will
be followed by an overall one, after which it is envisaged putting
the plant into operation by late 2009.

The total cost of the program on construction of the plant to
cover an area of nearly 100 ha is more than 150 million USD,
A. Sukiasian said. Armenia is its 40% shareholder, while China – 60%
shareholder. According to him, the plant is expected to produce about
30 thousand tons of rubber a year. Its production will be consumed
mainly in China where there is quite a big market. "Armenia pins
great hopes on the construction of the rubber plant. I think it
will have a considerable impact on the development of our economy,"
A. Sukiasian said.