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New wine factory opens in Armenia

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  • New wine factory opens in Armenia

    New wine factory opens in Armenia

    news.am
    October 06, 2012 | 03:41

    YEREVAN. - A new wine factory opened in Armenia. The factory will
    produce 300,000 liters of production annually.

    The production is intended to reach up to 1 million liters annually in
    the coming years, the investor, `Tierras de Armenia' C J.S.C. Company,
    informed Armenian News-NEWS.am. The factory will use the grapes from
    own vineyards in Armenian, French, Italian and Argentinean types of
    the grape. Investments in the factory made $3 million.

    To note, the company is engaged in the exploitation of over 2,300 ha
    of land in Armenia's Armavir region, out of which 500 vineyards are
    under irrigation, which the company sells mainly to brandy factory.
    The overall investments in the factory made $40 million, while the
    owner of the company is Argentinean-Armenian Eduardo Eurnekian.




    From: A. Papazian
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