Government grants three-year vat payment deferment to Ararat food factory
16.10.2014,
15:53
The Armenian government has granted today a three-year VAT payment deferment to Ararat Food Factory for importing equipment worth over 300 million drams.
YEREVAN, October 16. / ARKA /. The Armenian government has granted today a three-year VAT payment deferment to Ararat Food Factory for importing equipment worth over 300 million drams.
Economy minister Karen Chshmarityan said the company plans to import ten large trucks to carry out also cargo transportation.
He said the trucks will ensure a stable circulation of products and increase the volume of exports.
In 2010 the company established a factory for the production of natural juices and created more than 100 jobs as part of its first-phase 1.6 billion drams worth investment program.
The minister said the company is carrying out the second phase of the investment program worth 600 million drams in order to expand the product range. He said due to new equipment the company will process also tomatoes, apricots, peaches to get high quality raw materials for the production of canned products.
Ararat Food factory is producing now natural juices and nectars, teas and canned food, selling about 80% of the output in the CIS countries and Europe under the brands «Ararat", "Lina" and "Josie." -0--
