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Armenian travertine on its march to international market

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  • Armenian travertine on its march to international market

    ARMENIAN TRAVERTINE ON ITS MARCH TO INTERNATIONAL MARKET

    AZG Armenian Daily #080, 04/05/2005

    Economy

    New technologies and highly qualified specialists enable Armenia to
    produce facing slabs that match the highest international standards
    and are greatly demanded in USA, Europe and CIS countries. Thanks to
    the Multi Group Stone, branch of Multi Group Concern, 20-25 thousand
    sqm of travertine is mined each month.

    Multi Group Stone Company was founded in 2002. It has received $8
    million of investments, $3 million of which was spent on exploitation
    of 90 hectares of mine in Ararat region. Employees of the company
    received the training of Italian specialists. The company is equipped
    with the latest tools.

    In previous years, Multi Group Stone used to export its output to the
    US Canada, Germany, Russia and other CIS states. President of Multi
    Group Concern, Gagik Tsarukian, is sure that travertine has wide
    perspectives in international market, especial when the travertine
    resources of Turkey and Italy, main exporters in the world, are coming
    to an end.
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