Shanxi-Nairit joint Armenian-Chinese enterprise to operate at full capacity in 1,5 yearsJuly 13, 2011 - 17:15 AMT PanARMENIAN.Net - Shansi-Nairit Joint Armenian-Chinese enterprise launched in 2010 must reach its estimated capacity within 3 years, according to Minister of Energy and Natural Resources Armen Movsisyan. “Works are in progress according to the schedule. Presently the company reached 50% of design capacities and in a year and a half the enterprise will work at full capacity, producing 30 thous. tons of rubber,” the minister told a press conference in Yerevan. In this respect, Movsisyan asserted that Shanxi-Nairit will start to earn profits in a year, and the owners will be able to get dividends at amount depending on world market prices. The enterprise on production of chloroprene rubber Shanxi-Nairit in the city of Datong of China’s north-eastern Shanxi province is one of the largest projects within the framework of Armenian-Chinese economic cooperation. Launched on May 4, 2010, in the course of President Serzh Sargsyan’s visit to China, Shanxi-Nairit JV was founded on the base of agreement between Nairit Armenian plant and Shanxi Synthetic Rubber Chinese jsc, signed in 2003. The Armenian share in the enterprise totals 40%. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. |