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Armenia to have new metallurgical plant by year's end

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  • Armenia to have new metallurgical plant by year's end

    Armenia to have new metallurgical plant by year's end

    news.am
    July 04, 2012 | 11:27

    YEREVAN. - A new metallurgical plant - which is being built by the Aske
    Group Company - will start operations by the end of this year, Armenia's
    Economy Minister Tigran Davtyan stated during Wednesday's Cabinet
    meeting.

    He also informed that the plant is being constructed with technology
    by the Siemens VAI Company.

    The Government extended for three years Aske Group's payment of the
    value added tax accrued for importing investment goods. The total
    investments amount to AMD 7.8 billion (approx. US$ 18,751,850).

    And PM Tigran Sargsyan stated that this project will be monitored and
    it needs to be widely covered by the media.

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