The company “Vitamax-E” plans to expand the production volumes due to the credits in 300 million drams

YEREVAN, March 14. /ARKA/. Pharmaceutical company “Vitamax-E” plans to implement the program on the expansion of production volumes and organization of new production, press-service of the Government of Armenia informed ARKA News Agency based on the results of the visit of Armenian Premier Tigran Sargsyan to the company.

The company intends to implement the program due to the credits amounting 300 million drams which are planned to receive from UCO “SME investments”. 

In the frames of the program, the company is implementing capital investments, including import of modern equipment for the organization of new production.

The company “Vitamax-E” plans to make the number of job places from current 75 to 100, as well as expand the export volumes due to the entry to the new markets.

The company “Vitamax-E” which is operating in Armenia since 1997, produces probiotic “Narine” corresponding to modern international standards GMP. This product is exported to Ukraine, Japan, Russia, Belarus. Latvia, Lithuania, Uzbekistan, Kazakhstan, Belgium, Germany, USA and other countries.

One of the new and important directions of the activity of the company is the production of natural fruit, vegetable and meat powders which are used in different spheres of pharmaceutical and food industry.

The company had also developed a program on the production of high quality baby food on the basis of ecologically pure local raw material.

The company uses in the production of dairy products all necessary types of dry yeast for matsun, yogurt, sour cream and cottage cream fermentation.

The volume of produced products by the company in 2011 was about $1 million, and about 50% of the products was exported. 75 employees work in the company, the average salary is about 110 thousand drams. -0-