ARMENIA UPS ALUMINUM FOIL EXPORTS 17% IN Q1

Interfax, Russia
April 30 2013

Armenia exported 6,984 tonnes of aluminum foil in Q1 2013, 16.6%
more than in the same period of last year, the State Customs Service
reported.

The customs value of exported foil grew 16.2% to $21.964 million.

Rusal Armenal, the country’s only aluminum foil producer, told Interfax
that the drop in value was due to a slump in world aluminum prices.

Rusal Armenal’s biggest market is the United States, which accounts
for 80% of the company’s exports. Foil is also exported to Europe
and the Middle East.

Foil exports grew 4.8% in 2012 to 26,247 tonnes.

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