ArmInfo. "Rad Vashmir Group" LLC will build in the Lori region of Armenia enterprises for the production of composite cylinders. This was reported to Karen Karapetyan, Prime Minister of the Republic of Armenia, who visited the construction site of future plants as part of the festivities dedicated to the Day of Vanadzor.
The total cost of the investment program is $ 180 million. Iran's Rad Sane Vashamir Group LLC represents the international industrial company Rad Sane Vashamir, engaged in the production of composite cylinders, which operates in Turkey, Thailand and the Russian Federation. Realization of the project in Armenia together with the infrastructures will allow the use of about 2 thousand people. Investments are planned to be carried out in three directions: construction of a plant for the production of composite cylinders, the foundation of a plant for the production of carbon microfiber, and the construction of an agro-industrial complex. Work on the construction of a plant for the production of composite cylinders is scheduled to begin in October 2017 complete in April 2018, the volume of investments is $ 20 million, the number of employees is 100 people. Work on the construction of the carbon production plant is scheduled to begin in October 2017, complete in November 2018, the volume of investments will be $ 80 million, the number of employees is 300 people. Enterprises of the agro-industrial complex will be engaged in the production of dairy products (milk powder, cheese, butter), livestock (meat production), fruit processing (production of fruit flour). In addition, it is planned to found an abattoir. Work on the creation of the agro-industrial complex is planned to begin in May 2018 and be completed in May 2019. The total investment in the project is $ 30 million, and the number of employees is 300-400 people.
The Prime Minister welcomed the implementation of such a large-scale investment project by the Iranian company, assuring that the government is interested in its successful implementation, and is ready to provide the necessary assistance.