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Modernized foil plant "Rusal-Armenal" CJSC plans to work at full capacity in may 2007

Armenia Materials 31 January 2007 17:55 (UTC +04:00)

(www.arminfo.info) - The foil plant "Rusal-Armenal" CJSC plns to work at full capacity in May, 2007, and to monthly produce about 2,1-2,3 thsd tons of foil per month, the Director General of the Company, Georgy Avetikyan, said at a press-conference today.

According to him, the plant's full capacity makes up 25,000 tons of foil per year, including 18,000 tons of hyperfine foil below 9-6,35 microns. The Director informed that the Company has produced 510 tons of foil in January, it schedule s to produce 600-650 tons of foil in February and 1,000 tons in March. He noted that in 2006 the plant had produced 949,7 tons of foil, reports Trend.

In December, the production sale volume exceeded the similar indicator of the previous months, 2006. The Armenian foil is exported to Europe, USA, Iran. It is also realized in the internal market in a small quantity. According to the Director General, the Company has no problems with the product realization. According to estimations of specialists, the "Rusal-Armenal" CJSC meets 2,5% of the world demand of foil.

To note, the complex modernization of the whole foil production at "Rusal-Armenal" CJSC was carried out by the German Achenbach Buschhutten Company. The amount of investments of "Rusal" made up about $80 mln. The "Armenal" CJSC has been created in May, 2000, on the basis of the Kanaker aluminum plant (KanAz) as a joint venture with participation of the "Russian Aluminum" Company and "KanAz". The "Armenal" has joined the "Rusal" in 2000.

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