BRITISH COMPANY TO MANAGE NAIRIT CHEMICAL GIANT?

PanARMENIAN.Net
May 22, 2012 – 15:12 AMT

PanARMENIAN.Net – On May 21, the employees of Nairit were instructed
to clean the chemical plant’s production facilities. As the employees
were informed, a visit of representatives of a British company is
expected on May 24, with a decision on assuming control of the plant
management to be taken.

The plant press-service, however, refused to provide any info on the
news above.

As the Minister of Energy and Natural Resources Armen Movsisyan
stated earlier, the selection of a managing company for Nairit is
to be finalized in the months to come, with the plant to resume
operations soon.

Last year, the government of Armenia developed a $512 million worth
program for reconstruction and development of Nairit; the investments
were to be allocated to upgrading the plant and covering the debts.

It will soon be 2 years since Nairit has stopped operations, with
3000 employees, left unpaid for months, periodically organizing
protest rallies.