YEREVAN, February 5. /ARKA/. Yerevan brewery says it is planning to start operating a big malt production plant in Giumry in 2013, the government press service reported.
The plant is under construction now and it will be the only modern malt producing facility in the region. The cost estimate of the production building where the overall technological process of malt production (procurement, drying, refinement, barley sprouting and sorting) will be carried out is 750-800mln drams, according to the report.
The company intends to form its own supply due to logistics problems and upward trends on the international markets. About 30% of the produce is expected to be sold on the local market; the rest will be exported.
Loans and company’s profit is used to carry out the construction.
The plant is expected to be commissioned this year and to provide about 200-250 jobs. About 6,000 hectares to be used for providing local raw materials will create additional 800 jobs during agricultural season.
The plant will be equipped with modern European equipment to ensure up-to-standard and competitive produce. A total of 2.3mln euros are attracted in loan for buying and installing the required equipment and technologies.
The company reported to the government that its investments programs made the exports grew by 2.3 times over the last three years. Exports amounted to $2.2mln in 2012 only. Total amount of investment programs implemented is about $9mln.
The company’s own research showed that some $7.3 mln worth investments are needed for doubling the exports and increasing the output by 40%.
The company is also planning to implement a program on agro-processing. ($1=406.54drams). -0-