Jermuk Group will invest 281.5 million drams in expansion of output
![Jermuk Group will invest 281.5 million drams in expansion of output](http://arka.am/upload/resize_cache/iblock/83f/220_165_2/83fd9dcc478c6f4b7623d0acd78b65a3.jpg)
Armenia’s largest producer of mineral water and soft drinks Jermuk Group will invest 281.5 million drams in the expansion of output, Minister of Economy Tigran Khachatryan said during a government meeting on Thursday.
The government decided today to provide the company with customs privileges for the import of equipment and raw materials.
"The company plans to produce 640 million drams worth products, most of which worth - about 590 million drams will be exported to the Eurasian Economic Union member countries, about 25 million drams worth will be sold in the local market, and another 25 million drams worth products will be exported to third countries," said Khachaturian. The investment is to create 11 new jobs with an average salary of 350 thousand drams.
Earlier, the Jermuk Group announced its intention to build a new plant for the production of mineral water due to the growing demand for its products. The construction of the new plant started in April 2015. ($1 - AMD 476.59). - 0—