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`KANAZ´ SET TO WORKING AGAIN

The former “KanAZ” factory will work with the name Rusal- Armenal”. Today the factory is ready to work after a year of repair. And today this occasion was celebrated” by cutting the symbolic red ribbon. The latter was cut by the president of Armenia Robert Khocharian and the prime minister of Russia Mikhail Fradkov.

This problem has always been important either for me or Vladimir Putin. Two years ago in Sochi during our meeting we cleared up a number of our orientations concerning the rebuilding and modernizing the factory. I think it was rather important for the beginning,” said R. Khocharian. M. Fradkov mentioned that the 70 million dollars, out of inculcation of 300 million dollars made by Russia, were realized in the factory. As a result no such factory can be found either in the CIC or in Europe. Well there can be such in the USA,” said the first manager of the factory Alexander Livshic. Yet he stated that a very difficult way has been passed to achieve all this, there were even cases when Armenian officials refused help. In such cases I got angry saying: In the end, who is Armenian, me or you?” After that they signed the necessary documents,” said he. And he announced that he was never going to publish the names of those officials. The factory is going to produce various aluminum foil. According to Livshic 75 % of the production will be exported to Europe.

Stepan Demirchian was also present at the official opening ceremony. He liked very much the newly repaired factory and the new machinery. “It is a good example of cooperation, unlike the program Property against the debt”, said Demirchian.

The workers were also excited with the new factory and they hoped to have rise in salary.For example one of the locksmiths of the factory, who had a work experience of 40 years, had a salary of 60 thousand drams a month. He was not dissatisfied with it but he himself estimated his work for 120 thousand drams. /Panorama.am/

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