Thursday, November 29 2018 16:31

ArmInfo.The company "Rad Sane Vashamir Group" will be exempted from the payment of customs payments for the equipment imported to Armenia for organizing the  production of composite gas cylinders. The decision was taken at the  November 29 meeting of the RA government.

According to the certificate the rationale of the draft decision,  this is about exemption from customs payments in the amount of more  than 5 billion drams for importing technological devices, their  components and spare parts, as well as raw materials into Armenia.  Imported products are not produced in the countries of the Eurasian  Economic Union.

Earlier, ArmInfo informed that "Rad Sane Vashamir Group" LLC  represents the international industrial company "Rad Sane Vashamir"  engaged in the production of composite cylinders, which carries out  its activities in Turkey, Thailand and the Russian Federation. "Rad  Sane Vashamir Group" LLC intends to implement the investment program  in Lori region. The total investment is about $130 million, the  number of employees (considering with infrastructures) will be up to  2000 people. The investments are envisaged in 3 directions: the  production of composite cylinders, the foundation of factories  engaged in the production of carbon microfibers and the construction  of an agro-complex. Work on the construction of a plant for the  production of composite cylinders was scheduled to begin in October  2017 and complete in April 2018, the volume of investments is $ 20  million, the number of employees is 100 people. Works on the  construction of a carbon production plant were to be started in  October 2017 and complete in November 2018, the volume of investments  is $ 80 million, the number of employees is 300 people. And the  enterprises founded within the framework of the agricultural complex  will be engaged in the production of dairy products (milk powder,  cheese, butter), livestock (meat production), fruit processing  (production of fruit powder), and will have its own slaughterhouse.   The works were to be started in May 2018 and complete in May 2019.   the volume of investments is $ 30 million, the number of employees is  300-400 people.