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Armenian company invests 15 million in wine and brandy factory

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  • Armenian company invests 15 million in wine and brandy factory

    Armenian company invests 15 million in wine and brandy factory

    news.am
    October 15, 2012 | 16:28

    YEREVAN.- Armenian Golden Grape Armas company has invested 15 million
    euro in construction of brandy factory in Aragatsotn region.

    The opening ceremony of the factory was attended by President Serzh
    Sargsyan, Armenian News-NEWS.am correspondent reports. Company's owner
    Armen Aslanyan said they have stocked 1,000 tons of grapes out of
    which 400 tons are harvested from the company's vineyards. Grapes were
    purchased from farmers on average for 140 AMD per kilo.

    The factory is equipped with hail suppression stations to protect the crop.

    The company has already reached export arrangements with American,
    European and Russian clients.


    From: Baghdasarian
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