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ARMENIAN SHOE FACTORY COOPERATING WITH ADIDAS ENTERS RUSSIA
Vestnik Kavkaza
May 10 2012
Russia
The Factory of Sports Shoes Yegvarda Company will partly move to
Russia. On May 10, the Armenian government prolonged the temporary
export regime for the company until March 16, 2015, News.am reports.
The company purchased equipment to produce 600,000 pairs of shoes in
1988, cooperating with Adidas.
It used materials of Bayer (Germany). The company suffered from lack
of sales, because the population preferred cheaper footwear from
abroad after the collapse of the Soviet Union.
The company started production in Obninsk (Russia). Some machines
were brought there in 2011.
Vestnik Kavkaza
May 10 2012
Russia
The Factory of Sports Shoes Yegvarda Company will partly move to
Russia. On May 10, the Armenian government prolonged the temporary
export regime for the company until March 16, 2015, News.am reports.
The company purchased equipment to produce 600,000 pairs of shoes in
1988, cooperating with Adidas.
It used materials of Bayer (Germany). The company suffered from lack
of sales, because the population preferred cheaper footwear from
abroad after the collapse of the Soviet Union.
The company started production in Obninsk (Russia). Some machines
were brought there in 2011.