Volume Group will invest 662.3 million drams in production of working gloves
19.04.2019,
13:24
Armenian company Volume Group will invest 662.3 million drams in the production of working gloves, Economic Development and Investments Minister Tigran Khachatryan said at a government meeting on Thursday.
YEREVAN, April 19. /ARKA/. Armenian company Volume Group will invest 662.3 million drams in the production of working gloves, Economic Development and Investments Minister Tigran Khachatryan said at a government meeting on Thursday.
The government decided April 18 to award the company a set of customs duty benefits for import of raw materials and equipment for the production of working gloves.
According to the minister, the enterprise operates in the town of Artik, and has now 10 employees. He said as a result of investment their number is to grow by 30-40 new workers with an average salary of 90 thousand drams.
He said the investment will also increase the output to 1.1 billion drams, of which 700 million drams worth products will be sold in Armenia and the rest will be exported. ($ 1 - 483.4 drams). -0--
The government decided April 18 to award the company a set of customs duty benefits for import of raw materials and equipment for the production of working gloves.
According to the minister, the enterprise operates in the town of Artik, and has now 10 employees. He said as a result of investment their number is to grow by 30-40 new workers with an average salary of 90 thousand drams.
He said the investment will also increase the output to 1.1 billion drams, of which 700 million drams worth products will be sold in Armenia and the rest will be exported. ($ 1 - 483.4 drams). -0--
