Yerevan brandy factory building up its capacity
01.09.2011,
20:17
Armenian Agriculture Minister Sergo Karapetyan, Executive Director of Vice President on Institutional Affairs of Pernod Ricard Jean Rodesch and Yerevan Brandy Factory Director General Ara Grigoryan met Wednesday to discuss the buildup of the brandy factor
YEREVAN, September 1. /ARKA/. Armenian Agriculture Minister Sergo Karapetyan, Executive Director of Vice President on Institutional Affairs of Pernod Ricard Jean Rodesch and Yerevan Brandy Factory Director General Ara Grigoryan met Wednesday to discuss the buildup of the brandy factory’s industrial capacity and procurement of grapes.
The minister said that Armenian vinedressers expanded their vineyards and introduced advanced technologies thanks to the company. They sell their crop on contracts.
Karapetyan said that a rich grapes harvest is expected to be this year. He finds it very important to organize procurements properly, in time and without losses.
The minister expressed confidence that Yerevan Brandy Factory would successfully handle it now, as before.
According to the Armenian agriculture ministry’s figures, processing companies intend to purchase 144,000 to 155,000 tons of grapes this year.
In 2010, 135,000 tons were bought at 124.4 drams per one kilogram. As a whole, AMD 16.8 billion was paid to vinedressers in 2010.
Yerevan Brandy Factor was established in 1887. The present plant was constructed in 1953. In June 1998, the factor joined Pernod Ricard Group – an international corporation owning some widely-known brands and the second largest alcoholic drinks maker.
The corporation acquired the Yerevan Brandy Factory via an international tender for $30 million. ($1 = AMD 367.93).-0----
