Russian market prefers gas cylinders produced in Armenia

ArmInfo.Demand for use of  Armenian gas cylinders remains high in Russia, Shahen Arakelyan,  Deputy Chief Industrial Engineer of Grant LLC of Hrazdan plant on  producing gas cylinders, informed ArmInfo's correspondent at the  annual "Made in Armenia" expo. 

According to the specialist the company exports 80% of the products  to the Russian market due to high demand. "For already 8 years we  have been exporting our product on Russian market, which prefers  Armenian gas cylinders due to their high quality", he noted. "The  remaining amount of products are being exported to the countries,  members of EEU", Arakelyan added. 

At the same time according to the expert the decree signed by Prime  Minister of Russia D. Medvedev on expanding use of natural gas as  motor fuel significantly contributed to increase of demand on Russian  market. In this light the company intends to increase the production  two-fold by 2017 to 120 thousand cylinders annually. According to him  80 people are employed currently by the Grant LLC, however till 2017  the company plans to increase the number of employees to 150. 

"In the beginning of our work the only obstacle hindering our  development was lack of certificate of correspondence to  international standards. However, due to efficient work we have  received certificate of quality. And today our company works for  enlarging production and raising the quality of products", Arakelyan  summarized. 

To note, Grant LLC was established in 2007. The production was  launched in 2008. The company specializes on production of  high-pressure gas cylinders for various cars and tracks. 

According to the National Statistical Service of Armenia foreign  trade turnover between Armenia and Russia in Jan-July 2016 made  $684.6 mln with 10% y-o-y growth. Particularly, export increased by  71.8% to $196.6 mln amid drop of import by 3.9% to $488 mln.