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Armenian Shoe Factory Cooperating With Adidas Enters Russia

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  • Armenian Shoe Factory Cooperating With Adidas Enters Russia

    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.

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