Business Managers Protest Current Privatization Process

YEREVAN (Noyan Tapan)–Executive Director of Nairit Chemical company Gagik Nersissian said it was wrong to privatize chemical plants through international tender.

In an interview with Noyan Tapan–Nersissian said that Nairit is a serious competitor on the huge market of chloroprene rubber producers. He voiced concern that there might be organizations or countries which would purchase Nairit for the purpose of neutralizing it as a competitor. "Only Armenia’s are able to ensure certain working rhythm in conditions of blockade.

Under the government’s resolution of May 31 1997–state-owned shares of Nairit–Polivynylacetate and some other firms are to be privatized.

Nersissian said that Nairit would be sold out at a price corresponding to the cost of 25,000 tons of rubber which makes up to one-third of Nairit’s total capacity.

Deputy Director of Polivynylacetate chemical factory Vanik Avakian also spoke against the proposed option of privatizing chemical plants.

Director of Chemical Reagent enterprise Vladimir Badalian says it is impossible to privatize chemical businesses which are the major source of the Republic’s revenues. He said it was wrong to run a separate privatization of interrelated branches of chemical industry. Nairit and other related enterprises must be controlled by the government," Badalian said.

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