Friday, March 24 2017 11:11
Alexandr Avanesov

In 2017 Grand Candy LLC expected to have a 100 percent growth in exports

In 2017 Grand Candy LLC expected to have a 100 percent growth in  exports

ArmInfo. Armenian Prime  Minister Karen Karapetyan visited Grand Candy Company. The press  office of the Armenian Government reports that Karapetyan toured the  premises, familiarizing himself with the technology and production  conditions. 

The Prime Minister was informed about Grand Candy's main performance  indicators and future plans.  The proceeds of sales stood at AMD 23  billion in 2016. Exports rose to 1430 tons of confectionary due to a  USD 9 million-worth investment last year. The company employs 3  thousand workers, with an ever growing number of seasonal jobs. The  average monthly salary is AMD 160 thousand.

The company uses state-of-the-art technology and equipment. There is  a modern quality control system installed at the factory. Karen  Karapetyan was told that Grand Candy is expected to have a 100  percent growth in exports this year and, therefore, is set to found a  new company with a view to operating at the supranational level.

The Premier stressed the importance of continued development of such  large enterprises, consistent growth in production and exports and  wished the company every success in the pursuit of their development  projects.

Grand Candy LLC was founded in early 2000. It is the largest  confectionary producer in Armenia and the only enterprise in the  Transcaucasia that processes cacao beans.

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Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

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200 million

Yield at cut-off price

 5.8314%

Maximum yield

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Мinimum yield

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