Presidents Of Armenia And Russia Should Discuss Armenian Nairit Chem

PRESIDENTS OF ARMENIA AND RUSSIA SHOULD DISCUSS ARMENIAN NAIRIT CHEMICAL GIANT’S ISSUE- RYJKOV

YEREVAN, November 29. /ARKA/. The issue related to Armenia’s Nairit
synthetic rubber plant must be discussed on the highest level,
Nikolay Ryjkov said.

Nikolay Ryjkov is a co-chairman of interparliamentary cooperation
commission between Armenia’s National Assembly and the Federal Assembly
of the Russian Federation, as well as a member of the Federation
Council of Russia’s Federal Assembly.

“I think the presidents will discuss these issues. At least, I think
these issues deserve to be discussed on the highest level,” he said
Thursday at a news conference following the commission meeting.

It is necessary to fully use the potential of the plant, he added.

“Of course, it makes no sense to lose such plant. At its best period
Nairit had contacts for different deliveries with 700 plants. Of
course, chemical production development was negatively influenced as
the plant closed,” Ryjkov noted.

Nairit plant was closed in 1989 for ecological reasons, but resumed
partial operation in 1992-93. In 2006 some 90 % of its shares were sold
to a British-registered Rainoville Property Limited at $40 million. The
Armenian government has a 10 percent stake in the Soviet-built company,
which has repeatedly changed owners over the past two decades. Minister
Movsisyan would say that the plant’s reconstruction may cost up to
$400-500 million.-0-

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