Rostekh Corporation Expected to Propose the Reactivation of Nairit Chemical Plant

 Armenia is expecting the Russian state-owned Rostekh Corporation to send proposals concerning the reactivation of Nairit Chemical Plant in Yerevan by mid-June. It is the oldest chemical plant in Armenia and produces chloroprene rubber and various grades of latexes, and co-products including caustic soda, hydrochloric acid, liquid chlorine, lime, sodium hypochlorite, lacquer ethynol, and carbinol. Initially, it was planned that RT-Khimkompozit Holding – part of Rostekh and a leading company in the field of polymer composites – will present its proposals before April 1, 2016. It is estimated that the reactivation of the plant will cost around $200 to $300 million.

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