Thursday, July 22 2021 17:06
Naira Badalian

Resident of FEZ "Alliance" LLC "Arides" intends to expand activities  in the field of electronics and precision engineering

Resident of FEZ "Alliance" LLC "Arides" intends to expand activities  in the field of electronics and precision engineering

ArmInfo. On July 22, the Armenian government satisfied the application of the "Arides" company for the extension of the right of the explant of "RAO MARS" CJSC in the  "Alliance" FEZ and the expansion of activities.

According to the company's website, ARIDES LLC is a professional  manufacturer of devices for measuring alcohol in exhaled air,  technical means of rehabilitation and salt lamps. The products of the  LLC are presented in the markets of Armenia, Russia, Kazakhstan,  Belarus and Bulgaria. The products manufactured by the company are  operated both by state structures and large corporations of the CIS,  and for personal use.

ARIDES LLC has been a resident of the Alliance Industrial and  Production Free Economic Zone since 2018.

At this stage, according to the rationale for the document posted on  the government's website, the company plans to expand. Thus, the LLC  intends to expand activities in the field of electronics, precision  engineering, in particular the assembly of medical furniture and  related products, products based on innovative technologies, plastic  products, including components of its own products, as well as  finished products for sale (in particular, breathalyzers), production  of medical plastic products, etc.  The amount of the proposed  investments has not been announced, it is only indicated that the  expansion of activities will attract new investments. It is planned  to create 10 new jobs with an average monthly salary of 250 thousand  AMD.

Note that according to the state register of legal entities, the  company was founded on June 7, 2016. There is no free access to  information about the owners of the company.