ML Mining promises to invest 530 million drams in production of building materials
24.08.2017,
17:25
The government of Armenia at a meeting on Thursday exempted ML Mining company from paying customs duties on the import of technological equipment and raw materials since the company has pledged to invest a total of 530 million drams in the production of building materials.
YEREVAN, August 24. /ARKA/. The government of Armenia at a meeting on Thursday exempted ML Mining company from paying customs duties on the import of technological equipment and raw materials since the company has pledged to invest a total of 530 million drams in the production of building materials.
Deputy minister of economic development and investments Tigran Khachatryan said the company has already invested 250 million drams and plans to invest 280 million drams more to boost production. Of that amount 243 million drams will be spent on the purchase of equipment, he said.
He said the production will grow to 100 million drams per year. Of that amount 85 million drams worth products will be sold in Armenia and the rest will be exported to Russia and other countries. The company plans to create 15 new jobs with an average salary of 150 thousand drams.
ML MINING LLC was founded in 2008. It is engaged in production of building materials. ($ 1 - 478.77 drams). --0--
Deputy minister of economic development and investments Tigran Khachatryan said the company has already invested 250 million drams and plans to invest 280 million drams more to boost production. Of that amount 243 million drams will be spent on the purchase of equipment, he said.
He said the production will grow to 100 million drams per year. Of that amount 85 million drams worth products will be sold in Armenia and the rest will be exported to Russia and other countries. The company plans to create 15 new jobs with an average salary of 150 thousand drams.
ML MINING LLC was founded in 2008. It is engaged in production of building materials. ($ 1 - 478.77 drams). --0--
