Acid battery plant opens in Armenia

Elbat Company has started to produce lead acid batteries in Armenia.

With its up-to-date equipment and technologies, the company is opening a plant in Yerevan, ensuring in the meantime guarantee and post-guarantee services for battery exploitation.

The opening of the new plant was held Tuesday in Yerevan. The ceremony was attended by Armenia’s President Serzh Sargsyan, Yerevan Mayor Gagik Beglaryan, Minister of Economy Nerses Yeritsyan and the Ambassador of Germany in Armenia, Hans-Wulf Bartels.

Chronimet Mining German company holds 51% of Elbat’s shares. The Armenian side owns 49% of the shares.

“More than 180.000 newly produced batteries are consumed in Armenia every year, whereas there are no battery production enterprises in the region and around,” Head of Elbat company’s directors’ board Samvel Abrahamyan told journalists.

The company currently has 145 employees whose minimal salary comprises 206.000 Armenian Drams.