Albert Avdolyan has completely cleared the salary debts to the employees of the Hydrometallurgical Works (510 people) in the amount of 27 million rubles and to Intermix-Met LLC (170 people) for 9 million rubles.
Avdolyan has also become the sole owner of the Yuzhnaya Power Company.
All these companies are a part of the privatized Lermontov Hydrometallurgical Works. In particular, Intermix-Met used to produce rare and rare-earth metals.
The commissioning of Intermix-Met is scheduled for April-May 2019. (Ukrainian metal)