"RANSAT" BRITISH COMPANY MISINFORMED ON VOLUME OF INVESTMENTS IN CAOUTCHOUC PRODUCTION IN ARMENIA

June 26, 2002 - 23:45 AMT
PanARMENIAN.Net - The information that "Ransat" British company invested $5 million into caoutchouc production of "Nairit-1" enterprise is false. "Nairit-2" CJSC director Albert Sukiasian told "Arminfo" agency about it. In the reality "Ransat" company invested $500 thousand used mainly to buy raw materials and conduct marketing researches. Commenting on the fact deputy minister of trade and economic development of Armenia Ashot Shahnazarian noted, that by saying $5 million "Ransat-Armenia" company President Amil Kumar had to all appearance meant that the company had planned to invest the sum in caoutchouc production before the end of the year. Let us remind that Amil Kumar made this statement at the press conference held in Yerevan June 12.
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