Over 9 months of 2022, the project “Decreasing irrevocable losses of cutting fluid” saved Armenal $540 thousand by decreasing the fluid usage by 17%. “Initially we planned to save 7.5%, but the CEO Arthur Zakaryan set a more ambitious goal – decreasing cutting fluid usage by 15% compared with 2021,” the manager of the project,…
In 2018 Rusal Armenal assets grew by 4% YoY, to 48.4 billion drams ($100.1 million), as opposed to the growth of 2.6% in 2017. The growth was mostly driven by the increase of the current assets – by 12.3%, to 20.1 billion drams ($41.6 million). Accounts receivable dropped by 90.6%, to 402.4 million drams ($0.832…
In 2018 Armenal produced 28.5 thousand tons of aluminum foil, down by 15.4% YoY. The decrease has to do with US sanctions on Rusal. Rusal combined output was 3753 thousand tons, up by 1.3% YoY. (Ukrainian metal)