The world’s largest aluminum producer RUSAL will invest $6 million in the modernization of foil producer Rusal Armenal in 2012-2014, Interfax reports.

The company will allocate money to increase production to 33,600 tonnes of aluminum foil per year, reads the press release.

Armenal was founded in Yerevan in May 2000, using the facilities of the Kanaker aluminum plant. It is one of the largest industrial enterprises in Arenia and the only foil producer in the Caucasus and Central Asia. It got integrated into RUSAL in 2000 is a part of the Packaging Division.