YEREVAN, May 20 (Noyan Tapan). The "Nairit Trust" company is responsible for the management of "Nairit Plant" LLC (the former "Nairit-1"). The trust company founded for presenting the interests of three Russian companies: "Yunibank," "Volga Burmash" and "Gasprom." The above-mentioned companies also finance the re-exploitation of the "Nairit Plant" by "Nairit Trust", make the current payments and the audit of the company, the "Nairit Trust" CEO Samvel Muradian said on May 20.
On the whole, daily investments amounting to $300,000 are made in the "Nairit Plant" only with the aim of re-staring it and acquiring raw materials. The volume of monthly investments is planned to reach $2mln. soon. Despite the investments, "Yunibank", "Volga Burmash" and "Gasprom" did not make a final decision on acquiring the "Nairit Plant", Mr. Muradian revealed. They want to buy "not scrap metal but a plant functioning and manufacturing production of high quality," their decision will depend on the functioning of the plant. In case of successful exploitation, the deal on the acquisition of the "Nairit Plant" will be concluded in August-September 2003 while the Russian companies will participate in it as partners.
The gas supply of the "Nairit Plant"
will be re-established in early June while the first consignment of production
will have been manufactured by June 10, the "Nairit Trust" CEO pointed
out. Financial and technical audit following which the process of clearing off
credit debts will be launched will be conducted alongside with the exploitation
of the plant and exploration of markets. The successful exploitation of the
plant will be impossible without establishing privileges for gas, electricity
and water payments. The RA Government is expected to make their decision on
the case one of these days, Mr. Muradian claimed.