Tuesday, March 21 2017 12:13
Naira Badalian

Oval plastic LLC intends to increase the export volumes and expand the assortment of products

ArmInfo. Oval plastic LLC, occupied in production of single-use plastic containers and other products used  in food processing, medicine and in household, is intended to increase the export volumes and to expand the assortment of goods produced. This was told by Varouzhan Khalatyan to  Suren Karayan, the Minister of Economic Development and Investments on March 21 during his visit to the enterprise.

According to the information, shared by the press office of the company,  during  his visit to the enterprise the Minister learned about whole the production chain. Thanks to the state support, the Oval Plastic LLC purchased all the necessary equipment and has all the operational assests to produce goods mentioned, and to increase the level of export. " The activity of the Company is important from the point of import substitution with domestic made goods,' Karayan mentioned. According to him, reliable and honest entrepreneur has a right to expect state support.

From 2015, the entertainment cooperates with the fund of National Center for Small and Medium Business Developmentin Armenia .  according to Arthur Badalyan, the Executive Director of the Fund, as of today the annual turnover of the entity grew from AMD 1,5 bln in twice, and jobs reached 300 from 100. The company has been rendered loan assets at the amount of USD 340 mln, but the cooperation with it will be continued,  Badalyan said. "Plastic products have a strategic meaning for Armenia, because those substitute the Turkish products," Badalyan stated.

Following Varouzhan Khalatyan, the main target of the Company in 2017 is the export volumes increase for 50%. At  that, according to the company founder, the Company ties its hope in this aspect with the state.


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