YEREVAN, November 1. /ARKA/. ArmenAl closed joint-stock company had produced 18,008 tons of aluminum foil in January-September this year, an increase of 2,530 tons or 16.3% as compared to the output of the same period of last year.
Armenian National Statistical Service reports that around 23 tons of rolled aluminum was produced in the country in the reporting period, a 34.5% reduction compared to the same period of last year.
ArmenAl was founded at Kanaker aluminum smelter in May 2000 as a joint venture of “Russian Aluminum” and “KanAZ” companies. Since January 2003 RusAl has been the full owner of ArmenAl. On October 26 2003, RusAl-ArmenAl rolling aluminum factory was re-commissioned after two-year large-scale modernization with investments totaling about $70mln