ArmInfo.The fate of the chemical giant of Armenia - Nairit plant has not been finally resolved - investors show a certain interest in this enterprise. This was stated by Minister of Economic Development and Investments Tigran Khachatryan on January 31 after a meeting of the Cabinet.
According to Khachatryan, the ministry held talks about a possible restart of the plant. "They (possible investors - Ed.) Have their own vision, but the process is at an early stage of discussion. To say that there is an investment proposal is an exaggeration," he said. Refraining from calling a potential investor, the minister said that the interested party has specific technological and organizational capabilities. According to him, the government is ready to discuss all initiatives aimed at economic development, while indicating that the issue of "Nairit" is extremely sensitive. "The government can discuss the issue of restarting the enterprise on the condition of a substantive proposal, a clearly calculated and evaluated project. But this is still far off," said the Minister of Economic Development and Investment of Armenia.
Recall that the chemical giant of Armenia - Nairit plant has been idle since March 2010. The company completely stopped working in 2014. The total debt of the company approached 50 billion drams (about $ 130 million). The court of the Yerevan administrative district Shengavit at the end of November 2016 declared bankrupt "Nairit Plant" CJSC on the basis of a lawsuit filed by the Electric Networks of Armenia company. Until the end of the 80s, the plant's products occupied 10-12% of the world market of synthetic rubber. The government of Armenia has repeatedly stated that the enterprise can be launched if there is an investor ready to invest in the plant. At the same time, according to preliminary estimates by auditors, an investment of $ 200-300 million is needed to launch Nairit.
