High-temperature crystals LLC to invest AMD 2.16 billion in production of artificial sapphire in Armenia
03.12.2015,
19:02
High-temperature Crystals LLC's investments in production of artificial sapphire in Armenia will total AMD 2.16 billion, Armenian Economy Minister Karen Chshmarityan said Thursday at a regular Cabinet session.
YEREVAN, December 3. /ARKA/. High-temperature Crystals LLC's investments in production of artificial sapphire in Armenia will total AMD 2.16 billion, Armenian Economy Minister Karen Chshmarityan said Thursday at a regular Cabinet session.
In his words, the government has authorized the company’s activity in Alliance free economic zone. The company will occupy 350 square meters there.
«The company plans to export products worth AMD 75 million in the first year of its activity and AMD 1.3 billion in the fifth year,» the minister said. «Its key export markets will be Russia, China, Taiwan, the United States and EU countries.»
The minister also said that the company intends to create 25 jobs in the first year of its activity and to increase the figure to 60 over five years. ($1 – AMD 483.71). ---0-----
In his words, the government has authorized the company’s activity in Alliance free economic zone. The company will occupy 350 square meters there.
«The company plans to export products worth AMD 75 million in the first year of its activity and AMD 1.3 billion in the fifth year,» the minister said. «Its key export markets will be Russia, China, Taiwan, the United States and EU countries.»
The minister also said that the company intends to create 25 jobs in the first year of its activity and to increase the figure to 60 over five years. ($1 – AMD 483.71). ---0-----
