  Glass World Company projects to cost $17mln in 2011 December 16, 2010 - 13:49 AMT PanARMENIAN.Net - On December 16, Armenian President Serzh Sargsyan visited Byureghavan-based Glass World Company, the glass containers manufacturer, to familiarize himself with programs on establishment of new production capacities. Co-owner of the company Aram Kocharyan said that the company intends to invest $17mln in new projects in 2011. Through financing of the Eurasian Development Bank, Glass World Company envisages establishing new plants on labels, caps, corrugated packaging production, as well as potable water bottling. Kocharyan said that currently the company produces 120mln pieces of glass containers annually, out of which 67% is exported. Coca-Cola, Pepsi, Borjomi, Biluga, as well as Armenian companies – Yerevan Ararat Brandy-Wine-Vodka Factory, Tamara Fruit, Noy, Artfood and others – are among clients of the company. Currently, the company employs 314 people with an average salary of AMD 132,000.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
