Thursday, August 29 2019 13:05
Alexandr Avanesov

A new production of plastic containers to be established in Armenia

A new production of plastic containers to be established in Armenia

ArmInfo.A new enterprise for the production of plastic containers will appear in Armenia. The  initiator of the establishment of the new enterprise was Gold Cap  LLC, which, by the decision of the Government of the Republic of  Armenia dated August 29, received benefits on payment of customs  duties for imported raw materials.

As RA Minister of Economy Tigran Khachatryan noted in his speech the  enterprise will be founded in Yerevan. 4.622 billion drams will be  invested in the project. Earlier this year, the company has already  imported production lines in the amount of 220 million drams, the  remaining funds will be allocated for the purchase of raw materials.  As a result of the implementation of the program, 23 new jobs will be  created with an average salary of 160 thousand drams. It is planned  that the total volume of production at the enterprise will amount to  5.2 billion drams, of which 4 billion drams will be sold in Armenia,  and the rest - on the markets of the EAEU state and third countries.