Nairit Chemical Plant Declared Bankrupt

The Nairit chemical plant outside of Yerevan (Photo: Photolure)
The Nairit chemical plant outside of Yerevan (Photo: Photolure)

The Nairit chemical plant outside of Yerevan (Photo: Photolure)

YEREVAN (Arka)Armenia’s chemical plant Nairit was recognized Wednesday bankrupt by the court of Yerevan’s Shengavit district, according to the official judicial website datalex.am.  

The court obliged Nairit Plant to pay more than AMD 1.23 billion, which includes also AMD 160 million fines, to the Electric Networks of Armenia.  

On November 14, Armenia’s ministry of energy infrastructures and natural resources announced a tender, with involvement of private investors, to re-launch Nairit chemical plant’s production facilities.

Companies may submit also preliminary projects of the re-launch of the plant’s production infrastructures.

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