ArmInfo.The "Alex Textile" company invests in the expansion of its own production 15.6 billion drams. At the May 2 meeting, the RA government exempted the company from paying customs duties on imported equipment.
As noted in the certificate - the rationale of the draft decision, of this amount, 14.1 billion drams will be used to purchase raw materials, and 1.5 billion drams - to purchase equipment and build branches of the company. Currently, the company employs 1104 people. With the implementation of the project, another 400 new jobs will be formed with an average monthly salary of 115 thousand drams. It is envisaged that the production volumes in the company will make 26.8 billion drams, of which 7.8 billion drams will be sold in Armenia, 19 billion drams in the EEU countries and 70 million drams in third countries, including in Italy and in France.
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