ArmInfo.The plant of IMG Group CJSC for the production of household appliances in the Merdzavan community of Armavir region has been launched. This was stated by Minister of Economic Development and Investments of Armenia Tigran Khachatryan on May 23 at a government meeting.
According to him, after the official opening ceremony of the company in December 2018, many questioned the realism of the investment project. "I assure you that the plant is functioning and today 15 employees of the company are engaged in assembling TVs. In general, there are already parts on the territory of the enterprise for assembling 1200 TVs," he said.
The launch of a washing machine production line is expected soon. According to the minister, they have set a condition for the investor to visit the enterprise when 70 people will be involved there.
Recall that on December 5, 2018, then still Acting Prime Minister of Armenia Nikol Pashinyan attended Wednesday at the opening ceremony of the factory "IMG Group", which produces household appliances in the Merdzavan community of Armavir region. This is a joint Armenian-Lebanese-Syrian investment program. The prime minister was informed that the initial investment and operating expenses were $ 4.5 million. Initially, 70-80 workplaces will be created at the plant, 126,000 units of household appliances, televisions, washing machines, air conditioners, refrigerators and other appliances will be produced annually. The investment program will be implemented in three stages. At the first stage, which will last two years, equipment will be assembled, at the second, the production process will begin, and at the third stage, full production and automation will be implemented. It is assumed that the plant will serve not only Armenia, but also the region and the CIS countries.