Europe / Middle East / Africa
Ararat Cement stops activities
Jun, 14 2012
(Armenia) -- Ararat Cement CJSC, a leading factory in Armenia owned by Gagik Tsarukyan's Multi Group Concern, has ceased its operations.
Iveta Tonoyan, a spokesperson for Prosperous Armenia Party (BHK) Leader Gagik Tsarukyan, neither denied nor confirmed the information. She said that the factory continues to be operational and none of the workers will stay unemployed.
"You need not seek any political context," added Tonoyan.
Founded in 1927, Ararat Cement employs more than 1000 workers. It was founded during the Soviet era near the present-day town of Ararat and continued as a state owned company until 2002 when it was privatized and sold to Multi Group Concern.
The factory's production included fast hardening Portland cement without additives, Portland cement with mineral additives, Portland cement without additives and slag Portland cement.
In April this year, Ararat residents asked the country authorities to create a large green zone in situ that will mitigate the emissions of Ararat cement plant into atmosphere.
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