Wednesday, June 1 2016 14:09
Alina Hovhannisyan

In Jan-Apr 2016 Armenal reduced aluminum foil output by 5.5% y-o-y

In Jan-Apr 2016 Armenal reduced aluminum foil output by 5.5% y-o-y

ArmInfo. In Jan-Apr 2016 versus the same period of 2015, Armenal Foil-Rolling Plant decreased the aluminum foil output by 5.5% to 9.9 thsd tons versus 10.3% growth a year before.

According to the Armenian National Statistics Service, in April alone output of aluminum foil increased by 5% to 2.7 thousand tons. By the end of April 2016 the rolled aluminum output totaled 3 tons, which is less than the indicator of the same period of last year by 66.6% versus 3-fold growth in 2015.

The Armenian aluminum foil is mostly exported to the USA and Europe. The export to Europe grew 4.5-fold in 2015. Gaining new markets, the company had to increase the production of labor- consuming thin foil by 2.7-fold to almost 1.9 thousand tons and reduction of the average thickness by 15%. In 2015, modernization and technical re- equipment projects were successfully implemented at the enterprise. RUSAL launched Hi- Tech AirPure Unit at ARMENAL. Under RUSAL business system, efficiency of the primary aluminum smelter was improved by 6.1%.  The plant's specialists modernized the slitting unit for manufacture of new types of products.

To recall, ARMENAL foil rolling mill was founded in May 2000 as part of the Kanaker aluminium smelter. It is one of the biggest production facilities in Armenia and is the only producer of aluminum foil in the Caucasus and Central Asian regions.  Together with two other foil mills, Sayanal in the Russian republic of Khakasia and Urals Foil, ARMENAL forms the company's Packaging Division. 


News


Exchange rates
20.10.2020
RUB6.33-0.01
USD493.330.93
EUR582.433.52
GBP639.50-0.77
CAD374.530.85
JPY46.73-0.01
CNY73.710.23
CHF543.373.34



Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000