ARMENIAN-CHINESE SYNTHETIC RUBBER PLANT TO BE BUILT NEXT YEAR

YEREVAN, JULY 6, ARMENPRESS: The design work for construction of a joint Armenian-Chinese synthetic rubber manufacturing plant will be over later this year, the director of Nairit-2 plant, Albert Sukiasian, said. He said the plant is supposed to be built next year.

Forty percent of shares in the plant, in the form of technology, will be owned by the Armenian side and the rest by China. The Chinese party will take a $100 million credit for construction of the plant. Sukiasian said the plant will be producing some 25,000 tons of rubber at first stage then raising it to 30,000 tons.