Hrazdan cement plant faces closure
Hrazdan cement plant, Armenia, has an outstanding debt of AMD509m (USD1.08m) owed to the tax authorities and faces closure, according to plant manager Naira Martirosyan. Over 20...
Mika Cement
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Mika stops production until February 2015
Armenia-based Mika Cement has said it will stop production until February 2015 to undertake scheduled maintenance, saying it has achieved its planned output and has sufficient s...
Mika Cement resumes production, Armenia
Armenia-based producer Mika Cement, which has not functioned since April 2014, has resumed production having paid off its main debts. Naira Martirosyan, director of the plant to...
Armenia: Mika Cement finds buyer
Russia-based Armenian businessmen are said to be poised to buy Mika Cement plant, according to the Zhghovurd newspaper. The cement plant was owned by Mikhail Baghdasarov but was...
Mika Cement to resume operations, Armenia
Armenia-based producer Mika Cement plans to resume operations, having been idle for a year.
Arat Cement net loss, Armenia
Armenian cement producer Arat Cement reported a net loss of AMD1.079bn (US$2.6m) compared to net profit of AMD521m in 2010. According to local press reports, the company is idli...