Grand Holding to expand activities

PanARMENIAN.Net - Not all governments and spheres are subject to direct influence of world economic crisis. This fact is proved by Grand Holding activities, the company's President Hrant Vardanyan told a news conference today.



Speaking about the Masis Tabak company strategy, Hrant Vardanyan said that a new American technology is implemented to automate tobacco drying process.



"Besides 72 compartments, 36 more were imported this year which will promote significant production growth," he said. "New generation tobacco manufacturing equipment, which will be competitive in the international market for 30 years, was purchased to the amount of $1 million."



"A printing department, with 30 percent working capacity is opened in confectioneries; other construction works will be finished this year. As for waste paper, a new conveyer line is installed to provide napkin and paper production in Armenia," Mr. Vardanyan said.



Among programs planned, he specified waste paper recycling, construction of a dwelling house in Shengavit community, a sports club and a church in Masis.



Also, a natural juice and vodka production will be set up.