Armenia: Hrazdan Cement expected to increase output

Hrazdan Cement, located in Armenia’s central Kotayk province, is expected to increase output up to 200,000t, the country’s Minister of Economy Karen Chshmarityan, has said.

Chshamrityan said in 2015 the plant produced about 80,000t of cement, the bulk of which was exported, Arka news agency reported. In 2015 autumn the company paid AMD150m of taxes and repaid wage arrears to the tune of AMD180m

Hrazdan Cement is one of two cement producers in Armenia. In 2014 it received a US$4.6m loan from the VTB Bank of Armenia to resume operations after standing idle for some time.