Mika Cement to suspend production until February 2015
Published by Rosalie Starling,
Editor - Hydrocarbon Engineering
World Cement,
Armenia’s Mika Cement has produced the necessary volume of cement for sales after recommencing production in September 2014, according to a press statement released by the company. The plant has now suspended production for annual technical work until February 2015, before the start of the construction season in Armenia.
According to the statement, Mika Cement repaid the largest part of overdue wages to workers and in the period of the plant's suspension, the workers will receive a salary in line with the legislation of the Republic of Armenia. A total of 410 people are employed at the plant.
Naira Martirosyan, Director of the Mika Cement plant, told local press that the facility would produce 100 000 t of cement by the end of 2014. Martirosyan noted that production was resumed at the end of September when all the company’s salary and electricity debts were paid off.
Edited from various sources by Rosalie Starling
Sources
Read the article online at: https://www.worldcement.com/europe-cis/14112014/mika-cement-to-suspend-production-until-february-2015-853/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
Molins announce first quarter results
Net profit reached €48 million, equivalent to earnings per share of 0.73 euros, 6% lower than the same period of the previous year.
