A major Armenian-American metallurgical plant with $70 million investment is under construction in the town of Yeraskh, Minister of Economy Vahan Kerobyan said on social media on Saturday, June3.

“The plant is a 30-meter high structure with an area of 16,500 square meters, where the annual output will be 180,000 tons,” Kerobyan said.

“200 workers are already employed [in the plant], and once it is launch the number of workers will be 1000,” he added.