03
05, 2010

President Sargsyan attended the inauguration of the Shanxi-Nairit joint venture

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During his visit to China, on May 3 President Sargsyan attended the inauguration of the Shanxi-Nairit joint venture for production of chloroprene rubber in Datun city of Shanxi province. This is one of the largest Armenian-Chinese economic projects.

Shanxi-Nairit joint venture was created based on the agreement signed in 2003 by the Shanxi Synthetic Rubber Company (China) and Nairit LLC (RA). Armenia holds 40 percent of Shanxi-Nairit’s shares.

The President of Armenia met also with the Governor of Shanxi province Wan Jun. The parties discussed issues pertinent to the expansion of cooperation between Armenia and this Chinese province.

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