ML Mining to invest 2 billion drams in production of building materials
25.01.2018,
16:09
The government of Armenia has decided today to exempt ML MINING company from the payment of customs duties on the import of technological equipment and raw materials.
YEREVAN, January 25. /ARKA/. The government of Armenia has decided today to exempt ML MINING company from the payment of customs duties on the import of technological equipment and raw materials. The decision is based on the company’s pledge to invest 2 billion drams in the production of building materials until 2021.
Deputy Minister of Economic Development and Investments Tigran Khachatryan said during a government meeting that the company has already invested 1 billion drams and plans to increase investments along with the expansion of production.
He specified that the company plans to increase annual output to 200 million drams. The bulk of the output- worth 175 million drams- is to be sold in Armenia, and the rest is to be exported to Russia and other member countries of the Eurasian Economic Union (EEU).
The company was said to create additional 30-50 jobs with an average wage of 150 thousand drams. ML MINING LLC was founded in 2008. ($ 1 - 480.77 drams). -0-
Deputy Minister of Economic Development and Investments Tigran Khachatryan said during a government meeting that the company has already invested 1 billion drams and plans to increase investments along with the expansion of production.
He specified that the company plans to increase annual output to 200 million drams. The bulk of the output- worth 175 million drams- is to be sold in Armenia, and the rest is to be exported to Russia and other member countries of the Eurasian Economic Union (EEU).
The company was said to create additional 30-50 jobs with an average wage of 150 thousand drams. ML MINING LLC was founded in 2008. ($ 1 - 480.77 drams). -0-
