ArmInfo.In the Armenian city of Armavir, instead of the old glass factory, processing and enrichment of molybdenum ore started. This was reported by the Hraparak newspaper, referring to complaints from residents who have recently felt an unpleasant odor and the presence of smoke clouds over the territory of the enterprise.
According to the newspaper, the owner of the enterprise is Ruben Martirosyan, who had previously lived in the Czech Republic for many years. Meanwhile, according to ArmInfo sources, Martirosyan is a co-owner of the Czech company Dormet, which specializes in the sale of ferroalloys and is actively interested in the procurement of Armenian ferromolybdenum, and therefore Dormet decided to directly engage in their production.
Martirosyan noted that already 70 people are working at the enterprise acquired at the auction of the Judicial Acts Compulsory Enforcement Service. The company operates completely legally and all processes are documented. Having invested and refitted the capacities, in 2012-2013 the enterprise initially worked on copper-molybdenum raw materials imported from abroad, but only with the availability of raw materials and therefore did not work stably. After the restart of the Teghout copper-molybdenum deposit in the north of Armenia, since November of this year, the plant signed a one-year contract with the mine for the supply of raw materials and the work stabilized.
At current capacities, the plant receives about 50 tons of products per month and exports it mainly to Russia, but intends to export ferromolybdenum to the countries of central Europe and primarily to Germany, which accounts for the main market for Armenian ferromolybdenum. With an increase in productivity at the Teghout mine, Martirosyan hopes to increase production volumes. According to him, in a couple of months the enterprise will become one of the largest taxpayers in the country.
Martirosyan emphasized that the enterprise is environmentally friendly, filters that clean emissions through a high factory pipe are used.
It should be noted that in 2018 Armenia produced 7.275 tons of ferromolybdenum with annual growth of 10.4%.