Some $6 million necessary to invest in Vanadzor-Chemprom

PanARMENIAN.Net - Armenian prime minister Tigran Sargsyan visited the "Vanadzor-Chemprom" industrial complex in Lori region, press office of the RA government reports. The prime minister familiarized with the work and programs implemented at the electric power station and chemical plant of Vanadzor-Chemprom.



Current problems and projects of rehabilitation of the enterprise were discussed at the consultation attended by the head of RA government staff, ministers of agriculture, energy, natural resources, Lori region governor and directors of Lori's enterprises. According to agreements reached at the consultation, the ministry of agriculture will elaborate a new complex program on fertilizer production. It was emphasized, that Vanadzor Chemical Complex can produce fertilizers which are in brisk demand by Armenia's agriculture industry. That comprehensive project would enable to develop country's agriculture based on domestically produced fertilizers. The new production of fertilizers is expected to launch already this year at the plant.



It was also mentioned, that Vanadzor Chemical Complex pledged to elaborate a multi-fledged program, including production of construction materials, carbides and other products with a high export potential. In that context, Mr. Sargsyan reminded, that agreements have already been reached about purchasing construction materials by enterprises operating in the earthquake zone.



Mentioning, that the enterprise has debts at the moment, the prime minister also stressed the necessity to exploit it at a full capacity and bring to profitability level. According to Mr. Sargsyan, $6 million are required to bring the enterprise to profitability level.