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Time in Yerevan: 11:07,   28 March 2024

“Nairit” specialists elaborate projects to relaunch the factory

“Nairit” specialists elaborate projects to relaunch the factory

YEREVAN, OCTOBER 21, ARMENPRESS. “Nairit” factory’s specialists have elaborated a number of projects comprised of several phases aimed to relaunch its production. The projects will be presented to investors. “Nairit” factory Labor Union President Hrach Tadevosyan told the journalists on October 21.

According to Tadevosyan, staged plans foresee to relaunch the factory within some time, ensure minimum profit and then pass to the next stage with more powerful production; the powerful projects need large investments.

“I think that those are real projects and the investor will conduct an audit just from the beginning to clarify where his investments go”, “Armenpress” reports, he emphasized, adding that the last audit foresaw 36 month for relaunching, but, according to him, 18 months is enough in case of $70-80 million investment.

The World Bank concluded that the future operation of the factory is not reasonable based on the results of this year’s research.








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