Armen Posted October 6, 2004 Report Share Posted October 6, 2004 CHINA ALLOCATES 100MLN. USD FOR CONSTRUCTION OF RUBBER-PRODUCING PLANT YEREVAN, OCTOBER 4. ARMINFO. China has allocated 100mln. USD for the construction of a plant to produce chloroprene rubber by Armenian technology, the Armenian participant in the project, Director of the "Nairit 2" CJSC Albert Sukiasyan told ARMINFO. According to him, the construction of a plant with a designed capacity of 30,000 tons of rubber a year in the province of Shaahsi was started a year ago. The Armenian share in the authorized capital of the "Shaansi-Nairit" CJSC is 40%, and that of China 60%. Sukiasyan pointed out that the State Bank of China lent a credit, and the Armenian side is to contribute with technologies and equipment. Sukiasyan pointed out that a rubber-producing plan is already operating in Shaansi, but is was closed for environmental reasons. The old plant is to be shut down after the new one is put into operation, 50km. away from the city. Sukiasyan reported that China's yearly demand for rubber is 100,000 tons. An agreement on the establishment of a JV was signed on October 2001 between the RA Ministry of Trade and Economic Development and the Shaansi group of joint-stock companies of synthetic rubbers. Quote Link to comment Share on other sites More sharing options...
Azat Posted October 6, 2004 Report Share Posted October 6, 2004 that is great to hear Quote Link to comment Share on other sites More sharing options...
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