Swiss Ambassador to Armenia Lukas Gasser: Switzerland will try to contribute to a peaceful settlement of the Nagorno-Karabakh conflict without questioning the established formats such as the OSCE Minsk process
by Arthur Yernjakyan
In October 2013 Jacobs (UK) will compete the environmental audit of Nairit Plant CJSC, the sole rubber manufacturer in the CIS, Lusine Haroutyunyan, Spokesperson of the Ministry Armenian of Energy and Natural Resources, has told ArmInfo.
She says that the audit has been commissioned by Rosneft (Russia), which is gong to re-launch butadiene technology of rubber production at the Armenian chemical plant. "The audit was commissioned ten days ago and will last for 2 months", she says. The Armenian Government is negotiating with Rosneft to sell the Plant's shares.
To recall, the Plant used the butadiene technology of rubber production in the 1970s. In the 1990s it switched to the acetylene technology. The plant has been idle since 2010. The design capacity of the Plant is 9-10 thsd tons of acetylene rubber and 25-26 thsd tons of butadiene rubber per annum.
By the end of the 1980s the Plant covered 10-12% of the world market. In 2006, 90% of the company's shares were sold to Rhinoville Property Limited (UK). Now 89.999% of Nairit Plant's shares belong to Rhinoville Property Limited, and the remaining 4.496% - to the Armenian Ministry of Energy and Natural Resources, 3.596% - to ArmRusgasprom CJSC, and 1.907% - to the Yerevan Thermal Power Plant. The fixed assets of the Plant and its major shareholder Rhinoville Property Limited passed into the ownership of the Interstate Bank due to non-redemption of a loan. The loan ($70 mln) was provided in 2006 for 5 years - till the end of December 2011 at 12.5% p.a. The Plant's current debt is $130 mln.