All backdated wages paid to employees of Vanadzor Chemical Plant: Prime Minister urges to present investment programs for re-launch of the plant

ArmInfo. All the backdated wages  have been paid to employees of Vanadzor Chemical Plant. 

During his visi to Lori Region, the Prime Minister Karen Karapetyan  met with the Vanadzor chemical plant workers who had gathered in  front of the Vanadzor technological center, the press service of the  government informs. They thanked the Head of Government for finding a  solution to their wage-related problem. AMD166 million have been paid  as the full amount of salaries and similar payments on the debt as of  December 31, 2016.

Speaking about the plant's further operations and the successful  experience during the Soviet era, Karen Karapetyan said, "It has been  a great part of the country, when there was no problem of supply and  consumption. In this case, the company operated in a normal mode.  After independence, we faced other problems, many attempts have been  made so that investors could come to organize a business, and it goes  without saying that they should be able to sell the output. This  investor proved a failure due to both objective and subjective  reasons. Now the factory is in the bankruptcy process, which does not  stop the process of attracting investors. If an investor comes and  submits a proposal and we understand that this investment makes  sense, we will not have the usual risks, we will discuss the future  plans," Karen Karapetyan said urging the factory workers and  professionals to submit proposals. 

Vanadzor Chemical Plant was established in 1929 and was producing  lime. Later production was expanded involving new types of products:  ammonium, melamine, various crystals and fertilizers. In 1999  Prometey Chimprom was established based on Vanadzor Chemical Plant  and Vanadzor Plant of Synthetic Fiber.