Glass World Company projects to cost $17mln in 2011December 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 | Lemkin Institute petition seeks release of Armenians in Azerbaijan The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan. Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic. Pashinyan: Armenia’s desired goal is “on the horizon” Prime Minister Nikol Pashinyan has said that Armenia is moving forward “without interruption”. Opposition leader, supporters spend night at Sardarapat memorial Police made nearly 300 arrests the day before as Galstanyan and his supporters continued to demonstrate in Yerevan. |