ArmInfo.The ARMENAL foil-rolling plant is marking its 22nd anniversary. In May 2000, the government of Armenia and the RUSAL company signed an agreement establishing an Armenian-Russian joint enterprise using the facilities of the Kanaker aluminium production plant, which was constructed in 1950.
RUSAL company sponsored the reset the plant equipment after a 5-year standstill.
In 2003, RUSAL became full owner of ARMENAL. The management decided in favor of comprehensive modernization within two years. Under the modernization program waste-free production was established.
The plant has made great progress over the last four years. ARMENAL is now the leading producer and exporter of industrial products in Armenia.
The plant is expanding its cooperation with Armenia's higher schools. In 2018-2020, the plant signed agreements with the National Polytechnic University of Armenia, Yerevan branch of Moscow State University and Yerevan branch of the Russian Economic University.
