Alex Textile invests 3.2 billion drams in clothing and pantyhose production

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10.03.2023, 09:40

The Alex Textile Company, owned by the family of prominent Armenian businessman Samvel Aleksanyan, will invest AMD 3.2 bln in expansion of production of clothes, pantyhose and other textile products.

Alex Textile invests 3.2 billion drams in clothing and pantyhose production

YEREVAN, March 10. /ARKA/. The Alex Textile Company, owned by the family of prominent Armenian businessman Samvel Aleksanyan, will invest AMD 3.2 bln in expansion of production of clothes, pantyhose and other textile products.

The Armenian government on Thursday awarded the company customs duty exemption for import of raw materials for production purposes.

The size of the exemption is estimated at 173 million drams. The company’s investment program will create 207 new jobs with an average monthly salary of 175,000-215,000 drams. ($1 - 388.49 drams)--0-.

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